Guillermo Sanchez, who joined real estate research and data startup Reonomy as its first employee, is leaving the company.
“It’s been a wild three years,” Sanchez tweeted, “but looking forward to the next thing.”
When Sanchez joined the firm in 2013 from financial research company FactSet, Reonomy was “the equivalent of three guys in a garage,” said the company’s CEO Richard Sarkis.
Sanchez oversaw Reonomy’s data collection operation, which crunches information from more than 200 public databases for intelligence on outstanding mortgages, capital expenditure, Department of Building violations and other metrics. But as the company grows — it now has 35 employees — “you really need to start getting super-specific about the roles you need,” Sarkis told The Real Deal. He described Sanchez as someone “who gets a lot of energy from the early-stage activity.”
Sanchez could not immediately reached for comment. He holds an equity stake in the startup, and it’s unclear what he plans to do with it.
Reonomy, which has raised over $22 million in capital (including venture debt), expects to be cash-flow positive in the next 12 to 18 months, Sarkis said. Its platform is used by over 200 companies and 1,000 users, he added.