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SaaS Interviews with CEOs, Startups, Founders

The Next Redfin? Real Estate Broker SaaS hits $2.4m Revenue, $50m Valuation

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 22 February 2022

⏱️ 26 minutes

🧾️ Download transcript

Summary

Software brokerage for real estate agents

Transcript

Click on a timestamp to play from that location

0:00.0

200 times 250 bucks a month. You guys are doing just on that side of the business about 50,000

0:04.0

bucks a month in revenue. Yes, if you just take the subscription, but if you take a transaction

0:09.2

revenue as well, you can calculate for 12,000 RPU for your agent in the year.

0:16.8

You are listening to conversations with Nathan Latka, where I sit down and interview the top SaaS founders, like Eric Wan from Zoom.

0:25.7

If you'd like to subscribe, go to gitlatka.com.

0:29.9

We've published thousands of these interviews, and if you want to sort through them quickly by revenue or churn, KAC, valuation, or other metrics, the easiest way to do that

0:38.9

is to go to gitlatka.com and use our filtering tool. It's like a big Excel sheet for all

0:43.7

of these podcast interviews. Check it out right now at gitlatka.com. Hey folks, my guest today is

0:51.9

Bajou Oshokin. He graduated from Carnegie Mellon University back in 2008 and found out two startups and property tech. His vision in real estate is to build a software suite, aka Shopify, a real estate agencies or agents from across the world to make property buying and selling easier for consumers. Bajur, you ready to take us to the top?

1:09.6

Yep. All right. So if people want to

1:12.1

follow along the website is radiusagent.com, tell us how it works. Who's paying you today?

1:17.1

It's primarily real estate agents and real estate team leads. So the goal of the company is to

1:22.3

kind of create an operating system for real estate agents and teams. For lack, for better comparison, it's kind of like a Shopify for real estate agents and teams.

1:31.5

For lack of a better comparison, it's kind of like a Shopify for real estate agents, right?

1:37.5

Where we help agents with everything that they need, both in terms of tech, in terms of services,

1:42.8

in terms of benefits, everything, everything that can make an agent independent or an agent team independent. That's what we provide.

1:44.7

I feel like all my friends that like quit their usual jobs and, you know, they're like,

1:48.9

you know what, I'm going to sell real estate because I'm in Austin, Texas and real estate is

1:51.7

hot.

1:52.1

But then like six months later, half of them are now not in real estate anymore, right?

1:56.2

How do you deal with, how do you deal with churn?

1:58.7

Yeah, there's a lot of them. And I think that's because of the intrinsic characteristics of real estate and how it works.

...

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