Celeste Starchild pens letter outlining ListHub/Zillow offer and term sheet.
Wow. I fucking love this.
“Following the announcement, we knew it was important to directly speak with a number of our partners and customers to make sure we had the benefit of your views on the situation. One of the most common requests we received during these discussions was for the terms that were encapsulated in our term sheet with Zillow. In the spirit of transparency, we have included a summary of those terms here: http://www.listhub.com/zillow-agreement-proposed-terms/.
Kudos to Celeste and ListHub for being open about what went down. The letter is well written too. Here’s a couple of tidbits.
– Price wasn’t a factor, since the term sheet didn’t include anything about price.
– Zillow didn’t even bother to counter the term sheet. That’s straight gansta.
– In fact Zillow didn’t bother to respond at all. The first response ListHub heard was when Zillow publicly announced their Data Dashboard product.
More evidence that Spencer Rascoff is really Frank Underwood.