RealTrending: Side's Guy Gal on why his company is worth $2.5 billion valuation
Jul 6, 2021
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Guy Gal, founder of Side Real Estate, discusses creating a white-label brand for agents, securing $200M+ in funding, and their $2.5B valuation. Side plans to enter 15 markets, empower agents, and potentially go public.
Buyer representation is essential for home buyers, with nearly 9 out of 10 willing to use a buyer's agent again.
Side Real Estate's strategic funding and expansion plans focus on entering 15 new markets, aiming for nationwide coverage by next year.
Deep dives
Unique Buyer Representation Matter for Home Buyers
Buyer representation is highlighted as crucial for home buyers, with nearly 9 out of 10 expressing willingness to use a buyer's agent when making a home purchase again. The importance of buyer agents is emphasized in managing the multitude of tasks involved in real estate dealings, underscoring their essential role in the process.
Strategic Funding and Expansion Plans of SideReal Estate
SideReal Estate's co-founder and CEO, Guy Gail, discusses the company's strategic funding and expansion strategies. The recent increase in valuation from $1 billion to $2.5 billion through a series D funding of $150 million led by CoQ Management is highlighted. Gail outlines a growth strategy focused on national expansion, aiming to enter 15 new markets in the near future, ultimately planning to operate in every market in the country by the end of next year.
Future of Real Estate and the Role of Boutique Agent Services
Guy Gail shares insights regarding the evolving real estate landscape and the significant opportunities present in boutique agent services. Emphasizing the importance of boutique, specialized, agent-owned businesses, Gail foresees a shift towards thousands of locally owned and operated boutiques, challenging the dominance of national brokerage brands. He underscores the potential for boutique agents to drive industry transformation and enhance the accessibility of home ownership.
Today’s RealTrending features an interview with Guy Gal, founder of Side Real Estate. Guy envisioned a white-label brand for top teams and agents that puts the branding squarely with the agent. Coming from the tech world, the backend platform was vital for their success. With two rounds of funding totaling more than $200 million and a $2.5 billion valuation, Side will enter some 15 markets in the next eight months.