Industry News

High-energy Harvard grad leads HouseValues

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Online real estate veteran Ian Morris first began making his mark on the real estate world about nine years ago when he starting working for Microsoft's online real estate business. Now, he's further cementing his role as industry pioneer by helping to take HouseValues public. That pioneering spirit doesn't surprise those who have worked with Morris. They say the Harvard Business School graduate is high energy, extremely smart and throws himself into opportunities he feels passionately about. HouseValues Wednesday filed papers with the Securities Exchange Commission as a first step to go public. According to the SEC documents, HouseValues plans to raise $86.25 million in its initial public offering. The company generated revenues of $25.1 million in 2003 and $20.5 million for the six months ended June 30, 2004. "The thing that makes (Morris) successful is he is brilliant and extremely focused on analytics," said WMWorks principal Dick Ward, who worked with Morris at Microsoft. "He has...