vulcan capital redfin

member of VCVC Management III, which is the manager of VCVC III. Reporting Persons (as defined in the joint filing), of a statement on Schedule 13G (including amendments thereto) with respect to the common stock par value $0.001 per share of Redfin Corporation, a Delaware corporation, and that this agreement statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner or more than five percent of the class of securities, check the following box:  ☐. Vulcan Capital's Peter Cochran and BEV Capital's Marc Singer join Redfin's Board of Directors. The company serves 22 U.S. markets and has closed more than $13 billion in home sales. Startup/Business Joined Vator on April 24, 2008 Redfin is the industry's first online brokerage for residential real estate. 78c). REPORTING PERSONS/I.R.S. Paul G. Allen is the sole owner of VVI, and has sole voting and dispositive power over the VCVC I Shares. (Month/Day/Year), 6. * If the form is filed by more than one reporting person, ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. Relationship of Reporting Person(s) to Issuer, 3. Redfin's online tools feature all the broker-listed homes for sale, as well as for-sale-by-owner properties that don't pay brokers a commission. Based upon 81,427,697 shares of common stock of the Company outstanding as of October 31, 2017, as reported by the Company in its Quarterly Report on Form. We couldn’t be happier about the team behind us. Vulcan Capital, the venture capital arm of Microsoft Corp. co-founder Paul Allen, joined with Madrona Venture Group, BEV Capital and The Hillman Co. in the round of funding. VVI is the managing member of VCVC Management I, which is the manager of VCVC I, which is the record holder of the VCVC I Shares. VCVC Management I is the manager of VCVC I, which is the record holder of the VCVC I Shares. (9) EXCLUDES CERTAIN SHARES, PERCENT OF CLASS REPRESENTED BY AMOUNT Note: File three copies of this Form, one of which must be manually signed. without the other, for the undersigned and in the undersigned’s name, place and stead, in any and all capacities, to execute, acknowledge, deliver and file any and all filings required by the Securities Exchange Act of 1934, as amended, Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. In 2012, Redfin was named one of The DIGITAL 100: World's Most Valuable Private Tech Companies by Business Insider. Date of Earliest Transaction 3. To date it has closed more than $20 billion in home sales. Paul G. Allen is the sole owner of Cougar, and has sole voting and dispositive power over the VCVC III Shares. ... Financial Network, Gilt Groupe, Palantir, Redfin (Nasdaq: RDFN), Souq (acq. (b) ❑ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. ownership in the VCVC III Shares, except to the extent of its pecuniary interest therein. This latest funding round brings the company's total amount raised to just under $96 million. Vulcan Capital is the multi-billion dollar investment arm of Microsoft co-founder and philanthropist Paul Allen. If filing as a non-U.S. institution in accordance with. Vulcan Capital was formed in 2003 and is headquartered in Seattle with an additional office in Palo Alto. (ii) Vulcan Ventures Incorporated (“VVI”); (iii) Vulcan Capital Venture Capital Management I LLC (“VCVC Management I”); (iv) Vulcan Capital Venture Capital I LLC (“VCVC I”); (v) Cougar Investment Holdings LLC (“Cougar”); (vi) VCVC Management III LLC (“VCVC Management III”); The foregoing persons hereinafter sometimes collectively are referred to as the “Reporting Persons.” Any disclosures herein Each share of the issuer's Series B Preferred Stock automatically converted into 1 share of the issuer's Common Stock on August 2, 2017 in connection with the closing of the issuer's sale of its Common Stock in its firm commitment initial public offering (the "IPO") pursuant to a registration statement on Form S-1 (File No. KNOW ALL PERSONS BY THESE PRESENTS, that the undersigned hereby constitutes, designates and appoints Paul Ghaffari, David R. Stewart Expansion, at three years and seven months from founding, three months from launch : In May of 2006, Redfin launches its online brokerage service in the Bay Area , and opens new offices in San Jose, San Francisco and the East Bay. Vulcan Capital is the multi-billion dollar investment arm of Microsoft co-founder and philanthropist Paul Allen. and William Benack as his true and lawful attorneys-in-fact and agents, each with full power of substitution and resubstitution and full power to act alone and 5. Vulcan Capital was formed in 2003 and is headquartered in … (d) ❑ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C (however, see the Notes). These securities are held of record by VCVC III LLC ("VCVC III"). VCVC I is managed by VCVC Management I, which in turn in managed by VVI. to the extent of its pecuniary interest therein. specify the type of institution: Paul G. Allen, who is the sole owner of VVI and Cougar, has sole voting and dispositive power over the Form 4 or Form 5 obligations may continue. VVI is not a record holder of the VCVC I Shares and disclaims beneficial ownership in the Stewart Street, Suite 600, Seattle, WA 98101. Redfin will use the capital on new technology to make every step of … The privately held firm, which has yet to turn a profit, is financed with $8 million in venture capital raised from several sources, including Vulcan Capital. VCVC I is the record holder of the VCVC I Shares. complete and correct. Redfin has raised nearly $170 million to date from investors like Madrona Venture Group, Greylock, Draper Fisher Jurvetson, Vulcan Capital, and Tiger Global. 2. Management III LLC (“VCVC Management III”), 1099 accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, each of the undersigned hereby agrees to the joint filing, along with all other such undersigned, on behalf of the These securities are held of record by Vulcan Capital Venture Capital I LLC ("VCVC I"). 80a-8). VCVC I Shares, except to the extent of its pecuniary interest therein. Paul G. Allen is the sole owner of Cougar, which is the managing member of VCVC Management III, and has sole voting and dispositive power over the VCVC III Shares. IN ROW (9), Vulcan Capital Venture Capital Management I LLC (“VCVC Management I”), Vulcan Capital Venture Capital I LLC (“VCVC I”), Cougar Investment Holdings LLC (“Cougar”), VCVC Capital raised: $87 million with an estimated $500 million valuation. IN WITNESS WHEREOF, the undersigned has executed this instrument as of the 8th day of February, 2013. Redfin Corporation (Name of Issuer) Common Stock, $0.001 par value per share (Title of Class of Securities) 75737F108 (CUSIP Number) ... VULCAN CAPITAL VENTURE CAPITAL I LLC : By Vulcan Capital Venture Capital Management I LLC, its. VCVC Management I is not a record holder of the VCVC I Shares and disclaims beneficial ownership in the VCVC I Shares, except “SEC”) on November 9, 2017. Instead we take an entrepreneur-friendly approach and can invest in both private and public companies with a long term investment horizon. Each share of the issuer's Series D Preferred Stock automatically converted into 1 share of the issuer's Common Stock on August 2, 2017 in connection with the closing of the issuer's sale of its Common Stock in its IPO pursuant to the Registration Statement, and had no expiration date. Redfin. as Exhibit 99.1 hereto. The company's backers include Vulcan Capital, the Seattle private-investment group of Paul Allen's Vulcan Inc., as well as BEV Capital of Stamford, Conn. and Hillman Co., a Pittsburgh investment company. Vulcan Capital looks to invest at all company stages and will consider opportunities across an array of industries. Check the (e) ❑ An investment adviser in accordance with The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information aggregate 7,021,666 shares of common stock, including the 6,591,612 shares held of record by VCVC I and the 430,054 shares held by VCVC III. Seattle startup Voodle announced a $6 million funding round led by Madrona Venture Group and Vulcan Capital, with participation from M12, Cisco Investments and Hearst Ventures. Mr. Allen disclaims beneficial ownership over such securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes. 78c). After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, Redfin’s group of existing investors — Madrona Venture Group, Vulcan Capital, DFJ, The Hillman Company — also pitched in on the round. Previous Redfin investors Greylock Partners, Globespan Capital Partners, DFJ Venture Capital, Vulcan Capital and The Hillman Company are also participating. Madrona Venture Group, Vulcan Capital, BEV Capital and The Hillman Company, investors in previous financings, also participated in this round. Under the Securities Exchange Act of 1934, (Date of Event Which Requires Filing of this Statement). Redfin sells $110M of stock to Durable Capital Partners amid COVID-19 crisis Redfin’s losses shoot up 84% to $67M as revenue rises 38% to $110M Real estate rivals Redfin … Mr. Allen, VVI, and VCVC Management I are not the record holder of the VCVC I Shares and disclaim beneficial ownership of the VCVC I Shares, except to the extent of their respective pecuniary interest therein. 240.13d-1(b)(1)(ii)(G); (h) ❑ A savings associations as defined in Section 3(b) of the Mr. Allen, VVI and VCVC Management I disclaim beneficial ownership in the shares held by VCVC I, except to the extent of their respective pecuniary interest in such shares, and Steve led Vulcan’s disposition efforts for the $1.15 billion Amazon Headquarters, which was the largest real estate transaction in the U.S. in 2012. VCVC Management III is the manager of VCVC III, which is the record holder of the VCVC III Shares. Vulcan Capital Venture Capital I LLC (Last) (First) (Middle) 505 FIFTH AVE. S, SUITE 900 (Street) SEATTLE: WA: 98104 (City) (State) (Zip) 2. Mr. Allen, Cougar and VCVC Management III disclaim beneficial ownership in the shares held by VCVC III, except to the extent of their respective pecuniary interest therein. Formed in 2003, Vulcan Capital is the multibillion-dollar investment arm of Vulcan and is headquartered in Seattle with an additional office in Palo Alto. Redfin has raised $20.8 million to date. 4. Redfin announced a mezzanine investment of $50 million led by Tiger Global Management LLC and by portfolios managed by T. Rowe Price Associates, Inc. 1813); (i) ❑ A church plan that is excluded from the definition of an investment company Steve Hall works on the Venture Capital team at Vulcan Capital. VCVC Management III is not a record holder of the VCVC III Shares and disclaims beneficial ownership in the VCVC III Seattle's Madrona Venture Group, which invested $750,000 in Redfin last year, also took part in … Vulcan Capital Venture Capital Management I LLC ("VCVC Management I") manages VCVC I. VCVC Management I is managed by Vulcan Ventures Incorporated, which is wholly owned by Paul G. Allen, who has sole voting and investment power over the shares held by VCVC I. Mr. Allen disclaims beneficial ownership over such securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes. OF A GROUP, AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON, CHECK IF THE AGGREGATE AMOUNT IN ROW Mr. Allen is not a holder of record of any of the Shares, and disclaims beneficial ownership in the VCVC I Shares and the VCVC III Shares, except Mr. Allen, Cougar and VCVC Management III are not the record holder of the VCVC III Shares and disclaim beneficial ownership in the VCVC III Shares, except to the extent of their respective pecuniary interest VCVC III is the record holder of the VCVC III Shares. IDENTIFICATION NOS. In (i) 505 Fifth Avenue South, Suite 900, Seattle, WA 98104, (ii) 505 Fifth Avenue South, Suite 900, Seattle, WA 98104, (iii) 505 Fifth Avenue South, Suite 900, Seattle, WA 98104, (iv) 505 Fifth Avenue South, Suite 900, Seattle, WA 98104, (v) 505 Fifth Avenue South, Suite 900, Seattle, WA 98104, (vi) 505 Fifth Avenue South, Suite 900, Seattle, WA 98104, (vii) 505 Fifth Avenue South, Suite 900, Seattle, WA 98104, (a) ❑ Broker or dealer registered under section 15 of the Act (15 U.S.C. The Reporting Persons’ agreement in writing to file this statement on behalf of each of them is attached Based upon 81,427,697 shares of common stock of the Company outstanding as of October31, 2017, as reported by the Company in its Quarterly Report on Form, By Vulcan Ventures Incorporated, its Managing Member, By Cougar Investment Holdings LLC, its Managing Member, Joint Filing Agreement dated February 9, 2018 among the Reporting Persons. Each share of the issuer's Series C Preferred Stock automatically converted into 1 share of the issuer's Common Stock on August 2, 2017 in connection with the closing of the issuer's sale of its Common Stock in its IPO pursuant to the Registration Statement, and had no expiration date. Steve Hissong is responsible for managing Vulcan’s office, retail and apartment assets including marketing and leasing, operations and dispositions. If this Mr. Allen has sole voting and dispositive power over the aggregate 7,021,666 shares of common stock (the “Shares”), including (a) the 6,591,612 shares held of record by VCVC I (the “VCVC I appropriate box to designate the rule pursuant to which this Schedule is filed: The information required on the remainder of this cover page shall not be Vulcan Capital is the multi-billion dollar investment arm of Microsoft co-founder and philanthropist Paul Allen. 240.13d-1(b)(1)(ii)(F); (g) ❑ A parent holding company or control person in accordance with If Amendment, Date of Original Filed In conjunction with the funding, Redfin launched its online real estate service in the Washington, D.C. and Baltimore areas. Steve oversees Vulcan’s investments in a number of portfolio companies including Off-Grid Electric, High Fidelity, Zipline, Denali Therapeutics, TAE Technologies and Sun Basket and additionally serves on the non-profit boards of the Allen Institute for Brain Science and the Allen Institute for Artificial Intelligence. (“VCVC I”), Cougar Investment Holdings LLC (“Cougar”), VCVC Management III LLC (“VCVC Management III”) and VCVC III LLC (“VCVC III” and, together with Paul G. Allen, VVI, VCVC Management I, VCVC I, Cougar and Manager : By Vulcan Ventures Incorporated, its Managing Member : Vulcan Capital Management, Inc is a private equity firm focusing on investments in distressed restructurings, acquisitions, growth capital, mezzanine capital, leveraged buyouts, recapitalizations and structured equity in the energy, natural resources and green technology sectors in the United States, Canada, Nigeria, Bangladesh and Iraq. Cougar is the managing member of VCVC Management III, which is the manager of VCVC III, which is the record holder of the VCVC III Shares. This Schedule 13G is filed by Paul G. Allen, Vulcan Ventures Incorporated (“VVI”), Vulcan Capital Venture Capital Management I LLC (“VCVC Management I”),Vulcan Capital Venture Capital I LLC VCVC Management III is managed by Cougar Investment Holdings LLC, which is wholly owned by Paul G. Allen, who has sole voting and investment power over the shares held by VCVC III. (Month/Day/Year), 4. 80a-3); (j) ❑ A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J); (k) ❑ Group, in accordance with 240.13d-1(b)(1)(ii)(K). We believe that technology and a consumer-centered business model mean that we can get better results for our customers, at a completely different price. 7. which would alter disclosures provided in a prior cover page. 6. Individual or Joint/Group Filing (Check Applicable Line), /s/ David R. Stewart, Vice President for Vulcan Ventures Incorporated, /s/ David R. Stewart, for Vulcan Capital Venture Capital Management I LLC, as Vice President of Vulcan Ventures Incorporated, its Managing Member, /s/ David R. Stewart, for Vulcan Capital Venture Capital I LLC, as Vice President of Vulcan Ventures Incorporated, the Managing Member of Vulcan Capital Venture Capital Management I LLC, the Manager of Vulcan Capital Venture Capital I LLC, /s/ David R. Stewart, as attorney-in-fact for Paul G. Allen, /s/ David R. Stewart, Vice President for Cougar Investment Holdings LLC, /s/ David R. Stewart, for VCVC Management III LLC, as Vice President of Cougar Investment Holdings LLC, its Managing Member, /s/ David R. Stewart, for VCVC III LLC, as Vice President of Cougar Investment Holdings LLC, the Managing Member of VCVC Management III LLC, the Manager of VCVC III LLC, Vulcan Capital Venture Capital Management I LLC. Mr. Allen, who is the sole owner of VVI, has sole voting and dispositive power over the NAMES OF Vulcan Capital is the multi-billion dollar investment arm of Microsoft co-founder and philanthropist Paul Allen. OF ABOVE PERSONS (ENTITIES ONLY), CHECK THE APPROPRIATE BOX IF A MEMBER VVI is the managing member of VCVC Management I, which is the manager of VCVC I. Cougar is the managing Each share of the issuer's Series F Preferred Stock automatically converted into 1 share of the issuer's Common Stock on August 2, 2017 in connection with the closing of the issuer's sale of its Common Stock in its IPO pursuant to the Registration Statement, and had no expiration date. (c) ❑ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. be included as an exhibit to such joint filing. Cougar is not a record holder of the VCVC III Shares and disclaims beneficial Issuer Name and Ticker or Trading Symbol Redfin Corp [ RDFN] 5. Based upon 81,427,697 shares of common stock of the Company outstanding as of October 31, 2017, as reported by the Company in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the Previous Redfin investors Greylock Partners, Globespan Capital Partners, DFJ Venture Capital, Vulcan Capital and The Hillman Company are also participating. VCVC I Shares. Previous Redfin investors Greylock Partners, Globespan Capital Partners, DFJ Venture Capital, Vulcan Capital and The Hillman Company also participated, along with Austin Ligon, co-founder and former CEO of CarMax and Redfin board director. Paul G. Allen is the sole owner of VVI, which is the managing member of VCVC Management I, and has sole voting and dispositive power over the Shares. UNITED STATES SECURITIES AND EXCHANGE COMMISSION, STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP, Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, or Section 30(h) of the Investment Company Act of 1940, 5. By Vulcan Capital Venture Capital Management I LLC, its. This power of attorney shall be valid from the date hereof until revoked by the undersigned. Vulcan Capital is the multi-billion dollar investment arm of Microsoft co-founder and philanthropist Paul Allen. VCVC Management III, the “Reporting Persons”). Mr. Allen, who is the sole owner of Cougar, has sole voting and dispositive Relationship of Reporting Person(s) to Issuer (Check all applicable) Director: X: 10% Owner: Officer (give title below) Shares”) and (b) the 430,054 shares held of record by VCVC III (the “VCVC III Shares”). Vulcan Capital is the private investment group of Vulcan Inc., the organization founded by Paul G. Allen to manage his personal and professional endeavors. Responsible for originating, executing, and managing technology growth equity investments for Vulcan Capital. Redfin Corporation: Item 1(b) Address of Issuer’s Principal Executive Offices: 1099 Stewart Street, Suite 600, Seattle, WA 98101: Item 2(a) Name of Person Filing: (i) Vulcan Ventures Incorporated (“VVI”); (ii) Vulcan Capital Venture Capital I LLC (“VCVC I”); … Vulcan Capital was formed in 2003 and is headquartered in … We are not limited by traditional deal structures, asset classes or holding periods. 78o). Redfin will use the capital on new technology to make every step of home-buying and selling better for consumers, from the open house to the tour to the offer, negotiation and escrow process. Federal Deposit Insurance Act (12 U.S.C. Shares, except to the extent of its pecuniary interest therein. Vulcan Capital was formed in 2003 and is headquartered in … with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. any amendments thereto. to the extent of his pecuniary interest therein. under section 3(c)(14) of the         Investment Company Act of 1940 (15 U.S.C. Form filed by More than One Reporting Person. Redfin says last year's revenue was well above $100 million. Check this box if no longer subject to Section 16. deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act This agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument. including Sections 13 and 16 of such Act, and the rules and regulations thereunder, and requisite documents in connection with such filings, including but not limited to Forms 3, 4 and 5, Schedules 13D and 13G and Form 13H under such act and power over the VCVC III Shares. Redfin will use the capital on new technology to make every step of home-buying and selling better for consumers, from the open house to the tour to the offer, negotiation and escrow process. VCVC Management III LLC ("VCVC Management III") manages VCVC III. Capital raised: $166 million with an estimated $500 million valuation. Each share of the issuer's Series E Preferred Stock automatically converted into 1 share of the issuer's Common Stock on August 2, 2017 in connection with the closing of the issuer's sale of its Common Stock in its IPO pursuant to the Registration Statement, and had no expiration date.

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