Massive funding round by Softbank; "we're a tech company" but not really; massive industry but with low gross margins, etc
Compass sucks hugely. I say this as their customer on the sell side. They spend massive $$ on advertising and buying out top producing realtors from other firms to join (Eg top Bay Area Alain Pinel realtor was poached to Compass for a reported $5M signing bonus). They are on a WeWork model - hardly any true innovation. The entire real estate brokerage industry / MLS / CoreLogic nexus is under anti trust investigation by US DoJ and several States’ Attorneys General. I wish Redfin, Zillow, Trulia and others would quickly reach tipping point.
compass is a scam.
You are constantly bashing compass every chance you get. Did you bomb an on site interview?
compass isn’t even in my city bruh. I don’t work for Ponzi scams
Oh no I have a onsite scheduled with them. Should I just bail?
Take cash
I had an onsite with them. AMA
How was it? Would love to hear more coz they reached out to me too
System design interview was super weird. Asian guy who previously worked at Palantir and Google was super into himself. Didn’t like him. Coding interviews were great, leetcode medium/hard-ish, engineers/interviewers were positive, but overall looked tired and not excited. CEO is great though.
Not much growth imho
Good read here: https://www.forbes.com/sites/mikedelprete/2019/09/17/do-compass-and-opendoor-have-a-wework-problem/
Not a tech company, but they are whatever you call that modern Casper/Oscar/Glossier type consumer brand that uses tech effectively. We need a name for that.
How are they a tech company
They are not. But all of the realtors there claim they are because they have a mediocre version of Redfin as a website.
Seems like another dud. Its like Bloomingdales calling itself a tech company because they have a website