Posted By Rob Hahn July 24, 2009, Filed under: Miscellaneous@ 9:10 AM
I’d like to make a major announcement that impacts the little company, 7DS Associates, which I started a couple of months ago.
We have raised a second round of funding — totaling approximately $22 and a bottle of vodka — from Jeffrey “JeffX” Corbett, formerly of ActiveRain, Ratespeed, and a half-dozen other companies. That brings the total capital raised to date to approximately $45 and a bottle of vodka. Chew on that, Zappos.
As part of his investment, Jeff will be joining 7DS Associates as a partner. So when I use the word “we” from now on, it won’t be the royal we but the actual first person plural pronoun.
Now, I wasn’t really looking for investment, as our little company is already more profitable than Trulia and Zillow combined — a fact that surely influenced Jeff’s decision to invest and to join the firm. But the new partnership means that our average height increased by 3″, and there’s a lot of research which shows that height is directly correlated to earnings. And when Yao Ming, who wasn’t gonna be doing much anyhow, turns you down, you go for the next best thing.
What Jeff brings to 7DS is even more intelligence we can sell, of course. For those who may not know, Jeff is the founder of TheXbroker blog, which changed the way I look at the mortgage industry. He’s also a savvy operator, having helped ActiveRain achieve new heights of revenues and profitability in several short months. And it doesn’t hurt that he’s one of the true experts on social media, Web 2.0, and how they interact with real estate, mortgage, and professional services.
So please welcome Jeff to the ranks of 7DS, now that we actually have ranks.