Melbourne entrepreneurs Chris Koch and Chad Stephens turned a $30,000 loan and unused CDs into $15 million in cash when they sold their property rentals website 1Form Online to REA Group on Tuesday.
The pair founded the site, which allows prospective tenants to apply for multiple properties using a single online form, in 2006 after realising the difficulty of managing rentals.
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James Hutchinson writes on Technology specialising in Technology Companies, Enterprise IT, Telecommunications. Based in our Sydney newsroom, James has over 5 years experience as a journalist. Connect with James on Twitter.
