Ian Morris

Full Memo: Trulia lays off 85 employees from Market Leader division, President Ian Morris and other execs to depart

Trulia will be laying off approximately 85 employees from its Bellevue office in a move to consolidate its operations, following its $355 million acquisition of Market Leader last year. The vast majority of those employees laid off worked in general and administrative roles such as finance and human resources, and held roles that overlapped with… Read More


Trulia’s new Market Leader unit is moving to Bellevue, doubling office space with 70,000 SF lease

In one of the biggest commercial real estate deals this year in Bellevue, Kirkland-based Market Leader plans to move into 70,000 square-feet of space in the Atrium Place building in December. That’s about double the amount of office space that the company previously held, prior to its acquisition by San Francisco-based real estate company Trulia. “We’re… Read More


Market Leader shareholders green light Trulia’s $355 million acquisition

Shareholders of Market Leader today overwhelmingly approved Trulia’s $355 million acquisition of the company. The deal, which was first announced in May, is designed to supercharge Trulia’s business as it looks to bolster competition against Zillow. Kirkland-based Market Leader, which develops online marketing tools for real estate agents, saw its revenues increase from $11 million to… Read More


Shares of Market Leader jump after Q2 revenue spurt

Last week, we heard about the financial results of Trulia. On Tuesday afternoon, we’ll get a better sense of how Zillow performs. Today, we’re getting a good look at Kirkland-based Market Leader, the maker of marketing tools for real estate agents that is in the process of being purchased by Trulia for $355 million. Shares… Read More

Spencer Rascoff

Why Zillow’s CEO wants to be the OpenTable of real estate

On the surface, OpenTable may not seem to hold many similarities with Zillow. After all, one specializes in restaurants, and other in real estate. But Zillow CEO Spencer Rascoff sees similarities between the two companies, telling Business Insider that those companies which simply provide leads to businesses are ripe for disintermediation. In Rascoff’s view, OpenTable has… Read More

Spencer Rascoff opens trading on the Nasdaq in July

Zillow’s market value tops $1 billion as shares surge

Zillow continues to impress Wall Street, with shares of the Seattle online real estate company igniting today as investors pushed the stock up more than four percent. That boost means Zillow – which went public at $20 per share last July — is now worth just over $1 billion. That’s more than RealNetworks and InfoSpace combined. In… Read More


Market Leader and Zillow are on a collision course in real estate

Earlier this month, Zillow CEO Spencer Rascoff told investors on a quarterly conference call that the Seattle online real estate company planned to make big investments in new tools to help real estate agents boost their productivity and sales. “We are in the midst of a calculated, strategic expansion evolving our agent offering from a… Read More

Spencer Rascoff

Next up at Zillow: Tools to help real estate agents manage leads, contacts and much more

Historically, Zillow has derived the bulk of its revenue from online advertising, charging real estate agents to gain access to the company’s growing ranks of home buyers and sellers. And while the advertising business won’t be going away anytime soon, Zillow has much bigger ambitions in 2012. Essentially, it wants to become the place where… Read More


Morning Radar: Goldberg’s Fab.com is raising a big round; Kindle Fire apps; and more

A quick rundown of stories catching our attention this morning … Jason Goldberg’s Fab.com, the New York-based daily deal site led by the former Jobster CEO, is reportedly raising a $40 million to $50 million round at a post money valuation of some $250 million, reports TechCrunch. Menlo Ventures and First Round Capital are apparently backing the… Read More


Market Leader trims net loss, shows 50% uptick in revenue

Last week, Zillow reported record revenue and strong profits. But Zillow isn’t the only publicly-traded online real estate company operating in these parts. Today, Market Leader posted its own third quarter results, showing a 50 percent uptick in revenue to $9 million. It also trimmed its net loss to $3 million from $3.4 million. “We… Read More


Market Leader makes a buy, gobbles up SharperAgent

Market Leader today announced the purchase of SharperAgent, a Denver company that helps real estate agents roll out print and email marketing campaigns. SharperAgent, and its staff of 25, plans to remain in Colorado as a result of the deal. Terms of the acquisition were not disclosed. “SharperAgent is recognized as the leader in providing… Read More