Robert L. Reffkin Michael W. Studeman Cory T. Wilson Kenneth R. Zeff Laurie C. Zephyrin. Robert Reffkin is the CEO of Urban Compass, a tech-driven New York City real estate firm. When Compass unveiled the reinvented sign in the summer of 2018, it seemed like the perfect totem of the rapidly expanding brokerage: A sleek, black extruding aluminum wand, backlit by LED lights and wired with an accelerometer, temperature sensor, and Bluetooth connectivity, it announced, like an upside-down exclamation point, that the house was a must-see — walk right up, scan a QR code, and take a virtual tour with your phone. Over the past 50 years, the two biggest factors upending real estate was the cultural obsession with it — and the internet. Prior to Compass, Robert worked at Goldman Sachs as Chief of Staff to the President & COO following five years working in the firm's private equity arm. Robert Reffkin is a Founder and CEO of Compass, a real estate technology company with a powerful end-to-end platform that supports the entire buying and selling workflow. Prior to Goldman Sachs, he worked at … Reffkin earned a B.A. Bloomberg Live uses the power of data and media to create newsmaking events and provide thought leadership to the leaders of the business world. Plaintiff Avi Dorfman is a young entrepreneur who claims to be a former partner of defendant Robert Reffkin, the founder of the apartment search website Urban Compass. Robert Reffkin Founder & CEO Compass. Robert L. Reynolds President and CEO at Putnam Investments and Chair of Great-West Lifeco U.S., author of "From Here to Security" ... Robert Reffkin. But the actual realty profession is little more than 100 years old, born, according to Jeffrey Hornstein, author of A Nation of Realtors, of the early 20th century progressive-era drive to encourage entrepreneurship and escape the yoke of corporate servitude. Over the past 50 years, the two biggest factors upending real estate have been our increasing cultural obsession with it — and the internet. These individuals collectively are associated with 22 companies in 14 cities. “You can keep your revenue split at 90 or 95%, what agent wouldn’t want to go there?” she says. By signing up, you will create a Medium account if you don’t already have one. Is Uber a transportation or tech company?”, With the SoftBank backing and massive valuation, there have also been no shortage of Compass comparisons to WeWork. Christian Caballero Jason Scott Dean Jeffrey William Eggers Miguel Damian Howe Eugene J. Huang Bedouin Leclerc Joseph Frederick William Kacher Westley Watende Moore Jocelyn Jones Pickford George Ruiz Salad giant Sweetgreen, which has raised nearly half a billion dollars, has shown the value of casting itself as a technology firm that just happens to sell lettuce. Prospective sales agents, nicknamed curbstoners, would compete by placing multiple signs and placards in front of a for-sale property brimming with modern conveniences, the public left hoping to choose an agent with scruples. J Maggio, a top-producing agent with Conlon, a Chicago boutique firm that operated in the city and nearby suburbs, was courted by Compass in 2017, says he got the “horse-and-pony show,” but turned them down, only to become a Compass agent in 2018 when they bought out his firm. Along with Reffkin, a former chief of staff for the president of Goldman Sachs and White House Fellow who ran nearly 50 marathons, who he met during dinner at an American Academy of Achievement conference, Allon launched Urban Compass in 2012. (In 2005, when he was 25 pitching to Google in San Francisco, he started by saying, “I’ll show you the future of the world of search.”) He used some of the proceeds to buy his hometown basketball team — Hapoel Jerusalem — a perennial also-ran, and turn it into a championship contender. The aspiration is that with every agent interaction tracked, it will eventually be able to recommend which strategies work best. A publication from Medium. The surge has been most pronounced at the highest end. Prior to Compass Robert worked at Goldman Sachs as Chief of Staff to the President & COO following five years working in the firm’s private equity arm. What is the one thing most people don’t know about you? Compass wants to be the most “inspirational” company in the history of the world, CEO Robert Reffkin said Wednesday night, and along the … 36.1k Followers, 831 Following, 1,652 Posts - See Instagram photos and videos from Robert Reffkin (@robreffkin) “Is the market going to buy that story?”. Robert Reffkin is the founder and CEO of Compass, a technology-driven real estate platform dedicated to creating a seamless and intelligent home buying, selling, and renting experience. Lehman was born to a Jewish family in New York City. “And they want to take advantage of it while it lasts.”. Class of 2006-07. Founder @CompassInc / Founder @NewYorkNeedsYou / White House Fellow / Running 50 marathons to raise $1mm for nonprofits. He later received his M.B.A. from Columbia Business School. “They’re a disruptor by capital, not innovation,” he says. She left due to strategic differences with CEO Robert Reffkin. Robert Reffkin. With the SoftBank backing and massive valuation, there have also been no shortage of Compass comparisons to WeWork. Beginning in the late 19th century, real estate salesmen created professional groups as a reaction to the dubiousness of the then relatively unregulated career path. Compass. Over Zoom in mid-October, Sirosh explained that Compass’ technology could handle all the grunt work, with agents doing more transactions with less cost, and reach more customers with Amazon-level service quality. Illustration: Maria Chimishkyan “N one of us knows how long this crisis will last,” pleaded Robert Reffkin in a letter to Nancy Pelos i and her Republican counterpart Kevin McCarthy in March. All of this made the industry a prime target for Ori Allon, an Israeli-Australian serial entrepreneur and computer scientist. Meanwhile, a multilayered study by real estate tech expert Mike DelPrete from this spring showed that on an array of different measures, from production to transactions, Compass agents lagged behind the competition. Other tech companies had already digitized pieces of the process. Reffkin, CEO of real estate startup Compass, was urging Congress to include independent contractors like real estate agents — some 2 million of them in the United States, according to the National Association of Realtors — in its economic stimulus package. 7 people like this. The founder and CEO of Urban Compass, a New York apartment finding tool, Reffkin was No. Robert Reffkin is an American entrepreneur. Reffkin is currently an Investment Banking Associate at Lazard Freres & Co. LLC. They have also lived in Washington, DC and Berkeley, CA. Take a look. In 2018, the firm, flush with SoftBank funding, launched a massive acquisition campaign in cities across the country, poaching agents with the goal of grabbing 20% of 20 markets by 2020. With the backing of $1.6 billion in venture capital, including a $450 million infusion from SoftBank in December 2017, Compass had been on a growth streak, grabbing market share in the nation’s most expensive housing markets and becoming a major player in high-end residential real estate. “Compass has a young, swaggy vibe, but the tech wasn’t fully baked for what I needed it to be.”, If there were a ubiquitous symbol of real estate in need of a high-tech reimagining, Compass believed it was the for-sale sign sitting on someone’s front lawn. Schedule a consultation at our 12th-story penthouse dental … I am a huge movie and tv fan. A real estate executive in New York City who doesn’t compete with the firm says the startup’s greatest strength isn’t technology — but good old-fashioned brute force. Plaintiff sues Reffkin and the company, accusing Reffkin of, inter alia, stealing proprietary information that helped Urban Compass reach a $360 million evaluation in 2014, only a … Allon had sold companies he’d founded to both Google and Twitter, each boasting proprietary technology that became core parts of how both tech giants operated. ", "Thanks to Spokeo, I found out that I was dating a married man and it broke my heart. This website was very helpful indeed. By late spring, home buying had started to swing back with a force no one had anticipated. The tech he used until he left the firm in March of this year was worse than what he’d used at other brokerages. “What’s happening now with the acquisitions and the scrambles is they’re attempting to reposition themselves as a tech company,” says investor Peters. ", "The services and search filters worked great for me. “Is that innovation?” she says. Plaintiff Avi Dorfman is a young entrepreneur who claims to be a former partner of defendant Robert Reffkin, the founder of the apartment search website Urban Compass.
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