Author Archives: Mike DelPrete

Uncovering deception in real estate tech fundraising

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The best practice — and the most transparent — is talking about equity as equity, debt as debt, and not inflating the headline number by combining the two. Continue reading →

How serious are Zillow and Redfin about iBuying?

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Zillow’s entry was in part a response to an existential threat to its business model, and much of the value it might derive is not from buying and selling houses at all, but rather by generating valuable seller leads. Which begs the question: How serio… Continue reading →

What is Compass’ endgame?

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In real estate, optimizing the commission split and generating revenue by selling mortgages is what brokerages have been doing for years. But investors didn’t pump over $1 billion of venture capital in Compass to build a basic brokerage. So, what is Co… Continue reading →

Traditional brokerage or tech company: How is Compass being valued?

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Is Compass worth $4.4 billion, and is it being valued as a traditional brokerage or a technology company? Mike DelPrete takes a look at the company’s valuation, revenue, transaction volume, agent count and profitability. Continue reading →

Is Compass a tech company or a traditional brokerage?

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The company often refers to itself as a tech company and a tech-enabled brokerage, which is part of the lure of the Compass vision — and the underpinning of its massive $4.4 billion valuation. But is Compass a tech company or a traditional brokerage? F… Continue reading →

How has Compass grown so fast? A look at the numbers

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What’s the secret to its meteoric rise, and what is it that investors see that justifies its massive valuation? This deep dive into Compass looks to provide evidence-based answers to those questions — and more. Continue reading →

Is Purplebricks really in turmoil? A closer look

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The stock price is significantly down from the highs of last year, the U.S. and U.K. CEOs are out, and revenue guidance has been repeatedly downgraded. Find out what other challenges Purplebricks faces in the U.S. here. Continue reading →

Why iBuying is the new Zestimate

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Between Zillow’s powerful grasp over the start of the consumer homebuying journey and the relative ease of instant online offers, it’s no question that the listing powerhouse can dominate this new frontier of buying and selling. Continue reading →