Monday, August 22, 2011

Condo website seeks to expand in U.S. - Puget Sound Business Journal (Seattle):

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OfficeSpace.com co-founder Kip Spencer “brings a wealth of knowledges and experience toour board, particularly in the area of strategiv marketing and partnership development,” said CondoCompare co-founder and CEO Caseuy Sullivan in a release. Sullivan said CondoCompare.co m has a lot in common with Spencer’s office leasing OfficeSpace.com. “Commercial space is a fragmented market withfragmented data,” said Sullivan. “We felt Spencer’s background in business developmenrt and his experience would help us get to the next Founded in 2007 by Sullivam andBrett Frosaker, CondoCompare.
com helps prospectiv e condominium buyers and sellers compare unit pricing and featuresz among various condo projects. The company launched its initiak website in Seattle last year and has since expanded into Eastern Oregon andNorthern California. The which has been funded by privateangel investors, plans to raised between $2 million to $3 milliom in capital to finance its national expansion. CondoCompare.com is targeting areas with substantial condo includingLos Angeles, San Diego, Boston, Chicago and Sullivan said. The firm already has agreementds with brokers in 11 states that will enable the websitr to access data in local multiplelistintg services, he said.
“If we get into five marketsd by the end ofthe year, we’ll be happy Sullivan said. Spencer is joining Frosaker and management consultant Aziz Virani onthe startup’sz board. Both Virani and Spencer are investors in the Sullivan said. In addition, CondoCompare.com has two advisoru board members — Henry Lin, whosew background includes product development, and Byroj McCann, who has experience with venture capita l andhigh tech, Sullivan Spencer currently oversees business development for the Northwest office of JE Dunn

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