Online real estate cos. vie for investors

Consolidation, outsourcing may be money-magnets

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SAN FRANCISCO–The days of winning millions in investment capital with an idea and a PowerPoint presentation may be gone forever, but there is still plenty of money out there for new online ventures, said a panel of investment specialists and beneficiaries who spoke during Inman NewsReal Estate Connect 2004 conference Thursday.

The panel, “Investing in online real estate: Who is interested and why?” featured Michael Montgomery, president of Montgomery & Co.