Andrew Flachner, a former real estate agent and repeat tech entrepreneur, wants to transform the massive residential real estate market.
Unlike many traditional tech startups, RealScout isn’t about disintermediating players in legacy ecosystems. Instead, it embraces the broker-driven residential real estate process and works to empower the agent-client relationship through a powerful collaborative home-search platform.
This approach has enabled RealScout to power billions of dollars in home transactions, which represent nearly 10% of transactions in select markets. To date, RealScout has closed $15 million in early-stage funding led by DCM Ventures and Formation 8.
Prior to RealScout, Flachner was CEO at the double dating website DuoDater and co-founder of Natural Cravings, a healthy vending company that was acquired in 2012.
WHAT IS ONE THING YOU HAD TO OVERCOME TO SUCCEED IN THIS INDUSTRY?
Initially, I remember feeling intimidated by the multi-billion dollar incumbents in our industry. Over time, I learned that big companies have hurdles to overcome that startups typically don’t have to deal with – like moving slowly due to organizational complexity and pressure from Wall Street.