Latest Articles
Technology, Industry, Residential Real Estate
October 4, 2018
Selling a Business to the Wrong Buyer

In 2008, at Point2 (I was CEO at the time), our Technology Mission was to Develop the Operating System that Powers the Global Real Estate Industry.
Choosing an Operating System
We chose a style of Operating System to help us focus on being the facilitator that enables real estate data to be shared, homes to be sold, and applications to be developed.
Our long-term mission was not to be the inventor and creator of every application needed by the real estate industry, but rather to do whatever is necessary to make doing that easier for other companies by using us as the operating system. We wanted to create an ecosystem of innovation for the real estate industry.
We then sold the company to an entity that had other ideas about what to do with the assets of Point2. That was a big lesson learned for me, you can sell a company to the wrong buyer, a buyer with a different mission and vision.
Choosing an Operating System
We chose a style of Operating System to help us focus on being the facilitator that enables real estate data to be shared, homes to be sold, and applications to be developed.
Our long-term mission was not to be the inventor and creator of every application needed by the real estate industry, but rather to do whatever is necessary to make doing that easier for other companies by using us as the operating system. We wanted to create an ecosystem of innovation for the real estate industry.
We then sold the company to an entity that had other ideas about what to do with the assets of Point2. That was a big lesson learned for me, you can sell a company to the wrong buyer, a buyer with a different mission and vision.

Share this post:

Written by
Saul Klein
Recent Posts
Next Videos
Related Post

Industry
Organized Real Estate - Understanding Infrastructure is Key
March 6, 2019

Industry
Real Estate Business Models - Lesson Plan For The Future
March 6, 2019

Industry
Zillow's New CEO and the Implications for Real Estate
February 22, 2019
https://www.realtown.com/blog/9-Good-Reasons-for-Buyers-to-Hire-a-Real-Estate-Professional-Published
https://www.realtown.com/blog/Dont-Waste-Your-Money-on-a-Website-Without-a Broader-Vision-Publishing
https://www.realtown.com/blog/Greater-El Paso-Association-of-REALTORS-with-RealTown-at-Inman-Connect
https://www.realtown.com/blog/online-marketing-thousands-of-agents-sell-homes-online-and-you-can-too
https://www.realtown.com/blog/smart-realtors-will-factor-in-the-advantage-of-short-driving-distances
https://www.realtown.com/blog/point-announces-eleven-new-listing-syndication-program-implementations
https://www.realtown.com/blog/redx-for-sale-by-owner-lead-generation-service-now-available-in-canada
https://www.realtown.com/blog/staying-connected-with-buyers-and-sellers-after-the-contract-is-signed
https://www.realtown.com/blog/how-to-get-more-foreclosure-cleanup-business-via-free-chamber-meetings
https://www.realtown.com/blog/real-estate-marketing-strategies-can-create-your-own-success-blueprint
https://www.realtown.com/blog/westport-real-estate-a-passion-for-the-positive-in-this-negative-state
https://www.realtown.com/blog/r-e-marketing-strategies-are-you-making-these-deadly-business-mistakes
https://www.realtown.com/blog/how-to-use-solo-marketing-emails-to-generate-high-quality-online-leads
https://www.realtown.com/blog/the-international-brand-lays-foundation-on-cheap-timberland-work-boots
https://www.realtown.com/blog/r-e-marketing-strategies-things-you-need-to-know-to-double-your-income
https://www.realtown.com/blog/why-online-consumers-don-t-respond-to-you-and-what-you-can-do-about-it
https://www.realtown.com/blog/is-buying-the-worst-house-on-the-best-street-really-the-right-approach
https://www.realtown.com/blog/housing-forecast-changed-slightly-due-to-impact-from-tighter-lending--
https://www.realtown.com/blog/corcoran-consulting-announces-jetspring-as-a-premiere-service-provider
https://www.realtown.com/blog/r-e-marketing-strategies-simple-tips-for-creating-your-ideal-income-in
https://www.realtown.com/blog/one-third-of-americans-who-sold-their-home-in-the-past-year-lost-money
https://www.realtown.com/blog/federal-way-finds-new-owners-for-bank-and-government-foreclosure-homes
https://www.realtown.com/blog/crye-leike-chooses-fidelity-national-s-transaction-management-solution
https://www.realtown.com/blog/r-e-marketing-strategies-tips-to-double-your-income-within-your-sphere

2020 Real Town The Real Estate Network