Reonomy co-founder Guillermo Sanchez leaving startup

Engineer was first employee at real estate data firm

TRD New York /
Jun.June 01, 2016 02:05 PM

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.

Related Articles

Eric Gordon

Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world

Big Tech locations in NYC

MAP: Here’s a look at all the Big Tech locations in NYC

What will proptech look like in 2019 and beyond?

What will proptech look like in 2019 and beyond?

Reonomy CEO Rich Sarkis (Credit: Reonomy, iStock)

Real estate data firm Reonomy hauls in $60M

Tore Steen, CEO of CrowdStreet (Credit: iStock)

CrowdStreet lands $12M in financing, hires execs

Results are in from Jersey City Airbnb referendum

Airbnb deflated as Jersey City voters tighten rental rules

Airbnb CEO Brian Chesky and Jersey City Mayor Steve Fulop (Credit: Twitter, iStock, Airbnb)

Stakes are high as Jersey City residents vote on Airbnb

Dan Suozzi

Breather hires former Regus exec to lead real estate division