Home What's Brewing? 60 Minutes and Top 10 Seattle Investments

60 Minutes and Top 10 Seattle Investments

Did you catch Redin CEO Glenn Kelman on Sunday’s 60 Minutes? “Real estate, by far, is the most screwed up industry in America,” said Glenn. “And we feel like things that Amazon or eBay or Yahoo have done of other industries, we can do for the real estate industry.” The CBS News blog lit up after the show, fanning the flames of the fight between traditional Realtors and online innovators over the coveted 6% of a property’s sales commission. The debate is on full display in a video from a recent Realtor’s convention. [24×7]


Zigogo is new Seattle Concierge
A new community guide called Zigogo, has positioned itself as an online concierge who knows all of the best restaurants, clubs and shops in the neighborhood and delivers searchable, relevant and real-time calendars, menus and special events information directly to customers online or on their mobile phone. Customers can watch videos, browse pictures and even get door-to-door driving directions for businesses in their neighborhood–all available wherever they are and whenever they want it! Visit Zigogo today! [24×7]

eProject Lands $12 million

eProject has landed $12 million in venture capital financing and plans to expand to 150 employees by the end of this year, up from 110 employees. The online project manmagement resource competes with a variety of Web-based and traditional software programs, including Microsoft Project, for tracking timelines, documents, budgets and other elements of complicated business projects.The financing was led by Bay Partners, a new eProject investor from Silicon Valley. It also included new funding from existing investor Kennet Partners. There was strong interest from venture capital firms, said Jeff Pancottine, eProject’s chief executive. [24×7]

Amazon.com’s Podcast Network

Amazon.com is rolling out a new podcasting network, which includes interviews with authors, directors and musicians as well as a feature called “BookClips” that allows people to hear seven- to 10-minute segments from audio books, according to P-I reporter Kristin Dizon. [24×7]

Top Ten Reasons to Invest in Seattle
Trinity Ventures general partner Larry Orr announced the top 10 reasons to invest in Seattle in his keynote address at the recent WSA Investment Forum.

10.) Thirty nine flights a day from the Bay Area.

9.) No need to pack sunscreen.

8.) “It’s the coffee, stupid.”

7.) People can afford to live here, though he quickly added “on a relative basis.”

6.) You can see a NFL playoff game here.

5.) Underserved venture market.

4.) Quality companies with domain expertise.

3.) Technical talent.

2.) Great local partners.

1.) Entrepreneurial values. [24×7]