What does the former chief executive of one of the most well-known news aggregators do after his company just barely escapes death and gets acquired by seed-stage venture capital firm Betaworks? He starts a home improvement site.
Former Digg chief executive Matt Williams just raised $3.5 million from Jeff Bezos, Andreessen Horowitz, Madrona Venture Group, Redpoint Ventures, Two Sigma Ventures, and Sherpa Foundry for his new venture, Pro.com, a site that helps people get quotes for the home improvements they have in mind as well as find professionals to hire for those jobs.
After taking over for interim Digg chief executive Kevin Rose in 2010, Williams eventually sold the company in three parts in 2012. Digg sold its brand, website, and technology to Betaworks for $500,000, most of its engineering staff went over to the Washington Post‘‘s SocialCode project for $12 million, and some patents went to LinkedIn for around $4 million.
After the sale of Digg, Williams joined Andreessen Horowitz as an entrepreneur in residence.
He then started up Seattle-based Pro.com last year, and the company is still in its beta phase. It seems to be competing with services such as Angie’s List, HomeAdvisor, and Porch.com, another Seattle-based startup.
However, Williams told GeekWire that he sees Pro.com as different from Porch.com, and that it will be an e-commerce site that takes a cut from the transactions it facilitates rather than a service that charges people for viewing or posting listings.
Also, unlike Yelp, Pro.com won’t list absolutely every professional in an area but will focus on the top ones as vetted by the Pro.com staff.
While the site got its start in Seattle, Williams declined to reveal where it would go next, although he did tell GeekWire that Pro.com will produce a “Pro Report” for consumers in every major U.S. city to help them easily find the best home improvement professionals in their area.
“I truly believe that this is one of those opportunities that … has the makings for a gargantuan industry,” Williams told GeekWire.
Digg is the homepage of the Internet, featuring the best articles, videos, and original content that the web is talking about right now. The new Digg, now a betaworks company, was re-launche... All Digg news »
Madrona is a venture capital firm that teams with Northwest technology entrepreneurs to nurture ideas from startup to market success.... All Madrona Venture Group news »
Redpoint Ventures is a venture capital firm focused on investments in early stage technology companies. The founders of Redpoint Ventures have been involved with successful investments inclu... All Redpoint Ventures news »
Two Sigma Ventures invests in companies run by highly driven people with potentially world-changing ideas. They seek out companies using technology, computing, mathematics, or data to tackle... All Two Sigma Ventures news »
Pro.com is a nationwide pricing engine for home projects. Through its deep database of home services and unique algorithms, anyone can immediately turn their home to-do list into a detailed ... All Pro.com news »