Damon Giglio and Colby Sambrotto

ForSaleByOwner.com was started by young Internet entrepreneur Damon Giglio.  In the late 1990s, Giglio worked for a venture capital firm that specialized in Internet companies.  Seeing the potential in an online real estate advertising business, Giglio convinced his firm to invest in a startup Internet company and later left and purchased ForSaleByOwner.com, which was little more than a web address at the time, from his former firm.  Giglio ran the company solo for roughly its first year of operation and then hired Colby Sambrotto, whom he had met while working in the venture capital firm, as ForSaleByOwner.com’s chief operating officer.  Together, the two young entrepreneurs capitalized on a growing network of local for-sale-by-owner magazines and built the company into one of the most successful Internet real estate advertising and information services in the nation.

  • May 14, 2003    |   Economic Liberty First Amendment

    California Internet Real Estate Restrictions

    A Web of Restrictions?: Challenging California’s Free Speech Restrictions on Internet Real Estate Advertising Sites

    May the government restrict the speech of real estate advertising websites by forcing them to become licensed?  The Institute for Justice doesn’t think so.  It filed a federal court lawsuit in U.S. District Court in Sacramento challenging California’s onerous licensing regime on behalf of two Internet real estate advertising companies — ForSaleByOwner.com and a California…

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