NEW YORK — Barbara Corcoran, founder of New York City-brokerage The Corcoran Group and current “Shark Tank” investor, has given her seal of approval to real estate website provider Real Estate Webmasters, making an investment in the startup that values the company at $50 million.

Real Estate Webmasters offers custom website development, marketing and software applications to real estate agents and brokerages.

In a general session at Real Estate Connect, Corcoran said she decided to back Real Estate Webmasters in larger part because of her confidence in the capabilities of Morgan Carey, CEO of the company.

“This guy can talk a dog off a meat wagon,” she said.

Carey revealed that he was able to form a relationship with Corcoran after telling her he thought her website needed an update, and offering to provide her with the overhaul.

“I had the design ready in case she was ready to listen to me,” he said.

Carey said he chased Corcoran as an investor for the prestige her support would bring the company, not because Real Estate Webmasters needed cash.

“I don’t need the money,” he said. “I need fantastic personalities.”

Real Estate Webmasters was recognized by Profit 500 as one of Canada’s fastest-growing companies for 2013. Carey said the startup has generated $20 million.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription