A Bay Area home-selling startup on Wednesday said it will shut down a little over a year after raising a $100 million funding round.
Reali provided a way for customers to buy and sell homes in one coordinated transaction, eliminating some of the complications involved in, including having to pay two mortgages at once.
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Home-selling startup Reali to shut down a year after raising $100 million in funding - San Francisco Business TimesThe six-year-old startup blamed the move on 'challenging real estate and financial market conditions and unfavorable capital-raising environment.' We need more boot strap startups that don’t rip thru cash.
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Construction costs may escalate 14.1% this year, CBRE report says - Silicon Valley Business JournalSince the onset of the Covid-19 pandemic, record-high construction costs and delays have plagued the development and homebuilding industries — and while pricing has recently started to moderate, relief likely won't be felt until next year.
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Marc Benioff works to reassure investors amid executive shuffle at Salesforce - Silicon Valley Business JournalSalesforce co-CEO Marc Benioff was put on the spot during the company's earnings call on Wednesday having to field a question regarding the company's new COO.
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