Axiom Alpha
Charles Schwab has a market cap of $116 billion, but it was only created in 1974 when the SEC de-regulated stock trading commissions. Charles Schwab the man took advantage of that opportunity to create what is now the largest discount stock brokerage in the U.S. A few months ago, the real estate industry had an early warning signal that its SEC moment may be coming. The National Association of Realtors and all the largest brokerages lost a multi-billion commissions lawsuit. I started looking around for startups that were already positioned to take advantage of this lawsuit, and I found SimpleShowing -- a discount real estate brokerage which, unlike redfin, is actually profitable. So I interviewed SimpleShowing's founder & CEO, Fred McGill, about how he built his business, and especially about how he raised almost $1.3 million through crowdfunding when all the VCs turned him away.
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