Dražen Drnas: GoHome Philosophy
Transcript of Dražen Drnas: GoHome Philosophy
Our mission is to change the way of finding Your home !
GoHome ‘philosophy’ Vertical search engine in action
Finding home
Process that demands patience but also better tools
Internet as media for finding home – free / available
Rise of Internet penetration Tools
• Search engines (Google…)• Real estate portals• Real estate agencies web sites
Problems
Lots of different webs
Many different sources/lack of comprehensive one
Searchability (existing search tools are not good enough)
Spam / Old data
GoHome solves problems
Aggregating part• GoHome aggregates content from all real estate
agencies and portals in a given market Searching part
• GoHome provides the optimal results for any given query
Filtering, faster updates• GoHome searches only real estate classified ads, not
real-estate topics from forums or other sites, while Google searches the entire Net
GoHome Technology
What is search (Google…)
What is vertical search (special segment jobs, cars, real estate…)
Advantages• Industry specific approach• Structured data• Better results
GoHome innovation
• Concept is innovative• Technical Implementation is innovative
Deep indexing of unstructured data NLP (Natural Language Processing) module for
user query analysis GoHome ranking module GEO location module Language independent core
GoHome philosophy
GoHome philosophy
The best real estate agent• Has information about whole market• Understands your query• Knows fresh information (new/changed offers
each night) The best ROI to ours clients Local approach EU expansion
How we are going to do it (how we done it)?
GoHome facts - Croatia
Since 1.5.2007: Over 155.000 properties indexed (practically
whole Croatian real estate market) More than 30.000 queries/day More than 140.000 visits/month Over 160 customers (120 agencies, 23
portals, 20+ related industries) Launched in Slovenia, sales started Spain beta version, Italy next month
GoHome business model
Pay-per-Click model
Advantages of GoHome PPC model• Highly targeted population• Cost-effective online advertising • Payment only when visitors click on the ad
Croatia is small market – expansion
GoHome expansion
Must have vision! Fundaments
• Technical fundament language independent implementation
• Organizational fundament Team established (development,
marketing/sales) local approach specific for each market Institutional support (APIU/HGK)
• Financial fundament VC-fond recapitalization
Getting venture capital
Are you sexy?• Product• Market position• Revenues• Management• Expansion
Process• Pitch• ‘un formal’ Due Diligence• Letter of intent / Term sheet• Formal Due Diligence• Final negotiations / legal staff
Getting capital - our experience
• Long process
• Demanding process
• Process that is challenging yours business plan
• (No) tricks ?
• Valuation ?!
Something for webmasters
Real-estate webmasters • Tips• Special marketing offers
Open for project specific cooperation
AdsHome SearchBox CustomSearchBox CustomEngine
Call us for details!
GoHome Future
New markets (EU expansion) Technical improvements
• Profiles (myGoHome)• G-rank• GoHome Professional
Thank you!