42Floors (YC W12) Raises $12.3M Led By NEA

My early stage startup has been looking for commercial real estate in New York City and the entire process is just broken. No transparency, no reputation system, no repeat game for brokers. I'm hopeful 42Floors can bring needed innovation to this industry.

Look, 42Floors is going to succeed not because their problem domain is the most interesting, or because their code is the prettiest around. The reason 42Floors is going to be successful is because of Jason's hiring practices and the entrepreneurial spirit of the staff.<p>If you read the hiring alerts that hit HN, the 42Floors are very well written, inspiring and they give a strong feel of the company culture. I admire this business a lot and I can't wait to see what they accomplish.<p>Keep rocking in the free world, and congratulations on securing additional funding.

I can't believe this site is still around. Yes RE tech is broken, but their overly exuberant posts about the geek culture of the office and hiring practices aren't going to fix that. The fact is, RE brokers like to do deals with each other, landlords trust their brokers, RE deals are quirky. The office market has been on a rocketship ride for the past three years, probably exactly as long as 42floors has been around, and 2MM SF is not a lot. What happens when office leasing momentum stops?

<i>Since launching a year ago, 42Floors says that it has connected some 1,000 businesses with over 2 million square feet of office space</i><p>Assuming very conservatively that an office with 20 employees requires 4400 sq ft, 2million/4400=454. Isn't that an extremely low number for one year of operations?

So...when are you coming to Boston?

Congrats to 42floors.