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Compass is a real estate technology company that provides an online platform for buying, renting, and selling real estate assets. https://www.compass.com https

• DevKoala 6y ago
  It looks a lot like Zillow. Do they also advertise mortgage rates? I couldn’t find that. That is one of my favorite Zillow features.
  • dillondoyle 6y ago
    That's my guess at where real disruptive $ could be; actually vertically integrate and originate loans + sleeker/lower fee real estate transaction. If they corner enough inventory they could probably eliminate many human agents too
    • adeelk93 6y ago
      I said this elsewhere in this thread, and I’ll say it again here: what you’re describing is Redfin. They’ve been originating loans for a couple years now, and creating that efficient vertical integration.
      • dillondoyle 6y ago
        sounds like a good business model! though redfin doesnt seem to have online listings anymore though (maybe they never did but i thought they used too). carvana's experience is pretty great. a house is not the same as a car, but still seems like there could be a lot of improvement still
      • username2021 6y ago
        Zillow does this at greater scale than Redfin. Coldwell Banker also has an affiliated loan arm of their business (Princeton Capital). The difference is that Redfin is a broker whereas Zillow is not. Zillow has 20x the traffic and reach of Redfin plus the originate mortgages and provide instant offers. Because Redfin and Compass are brokers, they have more legal restrictions on how they offer these services to others that limits their reach
• RobLach 6y ago
  What's the technology?
  • dvt 6y ago
    There's no technology, it's WeWork 2.0 (heck, it's even funded by SoftBank).
    • benhoyt 6y ago
      Compass is partially funded by SoftBank, but the rest is not true -- there's a whole lot of tech behind it (source: I used to work there as a software engineer). It's mostly tools for agents, and some tools for consumers. They pull in dozens of real estate feeds, normalize and index them and make them searchable; they have a decent app for agents to keep track of listings and contacts; they have a marketing tool that allows agents to produce nice brochures of their listings; they have some newer tools to allow creating videos from photos with one click; and lots more.
      • santa_boy 6y ago
        I am working on a real estate product for agents. Wondering if you can critique / provide inputs on a SaaS model for agents. Could I email you? Thx!
        • benhoyt 6y ago
          Not sure if you were replying to me, but sure, go ahead -- my email is on my website (which is in my profile).
      • tamade 6y ago
        I've been a Compass client for several yrs and have generated ~$100m of the "Gross Transaction Value" they crow about in their S-1 (bs metric to focus on, since Compass only earns commissions of 3~5% of that). Most of the tech they promised in their initial pitch either doesn't exist or is outsourced to third-parties. Even basic services such as marketing/SEO in our market is handled by 3Ps. From a client POV, nothing differentiates them from other major brokerages. At the end of the day, RE is a people biz; I've stuck with them because I like the agents we work with. If these agents were to jump ship, I'd leave as well.