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This post was mentioned on Twitter by ypn: Google Ventures Further Into Real Estate, and Other Inman Connect News http://bit.ly/7M7ljs...
[...] This post was mentioned on Twitter by REALTOR® Magazine, ypn, ClintSkutchan, Edwin Villafañe, akioz and others. akioz said: RT @realtormag: RT @ypn Google Ventures Further Into Real Estate, and Other Inman Connect News http://bit.ly/7M7ljs [...]
Nabewise seems to be a great idea. I hope they build on that website to be resourceful to more then just New York and San Fran.
- Tony Nguyen
[...] at the Inman Real Estate Connect show in New York, Google’s Sam Sebastian reportedly said the following: “We’re actively looking to acquire one to two small real estate companies a [...]
[...] this week at Inman Real Estate Connect, an industry conference, Google’s Sam Sebastian reportedly said: “We’re actively looking to acquire one to two small real estate companies a [...]
[...] this article: Google Ventures Further Into Real Estate, and Other Inman Connect … Share and [...]
[...] More here: Google Ventures Further Into Real Estate, and Other Inman Connect … [...]
[...] Read more here: Google Ventures Further Into Real Estate, and Other Inman Connect … [...]
I was at the conference and listened to the interview and Sam Sebastian did NOT say “We’re actively looking to acquire one to two small real estate companies a month.”. Take out the words ‘real estate’ and the quote would be what he actually said…but then I guess you wouldn’t have anything to write about.
[...] Correcting the Google Real Estate Story By Greg Sterling Enough people who were at the Inman Real Estate Connect show have come forward or made comments now that this needs to be clarified: “Google to Scoop Up Real Estate Sites.” I wasn’t there and was writing based on vicarious information. Here was the quote, from Google’s Sam Sebastian, as it was reported: [...]
Inman News has posted video from the conference.
http://www.inman.com/news/2010/01/20/google-rpr-and-future
Here’s the relevant section of Sam Sebastian’s conversation with Brad Inman:
Sam Sebastian: I can’t speculate on acquisitions, but, we’ll probably acquire and we have in the last 18 months, one to two companies a month. So we’re always looking to acquire small, nimble kind of tech focused companies in big spaces that scale. But on Trulia I can’t speculate on that particular acquisition or deal or perspective on it.
Brad Inman: Have you bought any vertically focused companies like in trucking, or travel?
Sebastian: I think we clearly — with the exception of, like YouTube I think was a pretty focused effort to get into a huge space at the time, video, and I think it’s paying off or has paid off — but for the most part our acquisitions and our strategies focus on big, horizontal scale, of big problems were trying to solve. So potentially the AdMob acquisition if that goes through, mobile advertising, a big space. Video was a huge effort. Social, et cetera.
If you just look back at our history I don’t think we’ve done a bunch of very vertically focused acquisitions, its much more at scale, horizontal, and things you could plug into broader efforts.
It wasn’t so much what Sam Sebastian said. It’s what he didn’t choose to say. He could have denied that Google was going to expand their presence in the real estate space. But he didn’t. Specifically, he said he couldn’t comment on that question.
It appears that Google is poised to, at the very least, acquire an existing real estate portal so it can further monetize real estate leads. It already, of course, sells pay per click, etc. Anything beyond that would be purely speculative. I personally didn’t infer anything about acquiring real estate companies.
[...] him speak twice in the last six months at Inman Connect – once in San Francisco and once in New York. Each time, I’ve taken away useful information that my clients have directly benefitted [...]
[...] was the quote, from Google’s Sam Sebastian, as it was reported: “We’re actively looking to acquire one to two small real estate companies a [...]