Tom Ford. [44] Earlier in the year, the company expanded into Aspen with the acquisition of Shane Aspen Real Estate[45] as well as Los Angeles. Pamela Thomas-Graham began her career at McKinsey & Company where she became the first African-American woman to make partner. Mack also worked as the child model. Compass went public on April 1, 2021 with a valuation of $8.22 billion. Martell now serves as the non-executive Chairman of the Board of directors at CoreLogic, supporting the company's efforts to provide real estate data and analytics services to real estate professionals, financial institutions, insurance carriers, government agencies, and other housing market participants to help people make their dream of homeownership a reality. He joined the company last May after five years as general counsel at Glassdoor. s.src = 'https://au-script.dotmetrics.net/door.js?d=' + document.location.host + '&t=other'; h.appendChild(s); Tech, in general, occupies bulk real estate in the overall top ten. [21] Allon was a Director of Engineering at Twitter, and previously founded companies acquired by Twitter and Google. How he started the travel search engine is fairly interesting. The two play important roles at the firm, but Allon is who we're talking about today. Prior to joining Cushman & Wakefield, Kalani spent 12 years at Walgreens in a variety of roles, including strategy and business integration, strategic finance, financial planning and analysis, and internal audit. I want to thank the entire Compass community across over 1,000 (!) A real estate technology firm founded by Australian entrepreneur and rich lister Dr Ori Allon (pictured) has become a rare 'unicorn' - a start-up company valued at $1 billion or more. It has a market cap of around $3.2-billion. Though Compass priced its stock at $18 more conservative than the $23 to $26 per share it initially targeted it closed at $20.15 on its first day of trading. In a founders letter included in the filing, CEO Robert Reffkin pitched Compass vision for boosting agents productivity by giving them novel technology. The prospectus shows that Series D were converted into 1.02427 shares of Class A common stock. In 2016, he received the HousingWire Vanguard Award in recognition of his distinguished leadership in the housing industry. Allen holds the distinction of being the youngest standup comedian ever to have performed on the show. Required fields are marked *. [CDATA[ */ Allons ambitions go beyond the current offering of the platform. Ori earned his PhD in computer science at the University of New South Wales in Sydney, Australia. Series B and C investors shares were converted at a one-for-10 basis, according a source with direct knowledge. Neda also spent years in the Bay Area working at high-growth technology companies, and in East Africa building programs to support female entrepreneurs. Robert Citrone's Discovery Capital first invested in 2014, Hedge fund manager Robert Citrone (Getty). Unlike his peers who are active on Twitter, such as Third Points Daniel Loeb or Point72s Steven Cohen, Citrone keeps a low profile, rarely speaking at investment conferences or making TV appearances. Compass, the dominating real estate firm went public recently. var f = d.getElementsByTagName( s )[ 0 ], Hong Kong's 50 Richest (2023) Personal Stats. Compass, the dominating real estate firm went public recently. Whats fairly interesting though is that this year, unlike years past, only one of the Atlassian co-founders,Scott Farquhar, features on the list. By contrast, Reffkin. Frank serves on the global board of directors of Operation HOPE, a best-in-class provider of financial literacy empowerment for youth, financial capability for communities, and financial dignity for all. As of April 2023, Byron Allen's net worth is $800 Million. UPDATE: This story was updated to include more details on the conversion of Class B, C and D shares. [32] From March 2017 to January 2022, Frank Martell served as President and Chief Executive Officer of CoreLogic, after serving in the Chief Financial Officer and Chief Operating Officer roles after joining CoreLogic in 2011. Ori Allon is the Founder & Chief Strategist at Compass. The following is a list of acquisitions by Compass: Language links are at the top of the page across from the title. from the University of Maryland Francis King Carey School of Law. Regulatory filings show that after its initial investment, Discovery increased its wager on Compass in 2018, investing $15 million in a Series F that was led by SoftBank and the Qatar Investment Authority. However, in January 2019 the company announced its intention to halt expansion, after encountering unspecified challenges. On average, Compass executives and independent directors trade stock every 4 days with the average trade being worth of $287,483. Her father was an opera singer. Over the last 2 years, insiders at Compass have traded over $1,003,102 worth of Compass stock and bought 4,441,111 units worth $79,561,698 Part of the Daily Mail, The Mail on Sunday & Metro Media Group, Harrowing moment medics rush to save Jeremy Renner's life after he was crushed by 14,000lb snow plow - as actor is seen sprawled on the ground in a pool of his own blood and with 35 broken bones, ANOTHER report says COVID leaked from a lab: Biden administration faces more pressure to release all the intelligence on virus origins - after independent GOP probe found litany of safety issues at Wuhan Institute, Rural Ohio school district will allow teachers and staff to ARM themselves with guns: 'We will no longer be soft targets and unprotected', Yellowstone coming to an end after the second half of its fifth season amid disputes between Kevin Costner and creator Taylor Sheridan, sources say, Ex- NFL star Chris Smith dead at 31: Tributes pour in for eight-season defensive end who last played for Texans in 2021 and had JUST signed to the XFL, 'He didn't deserve to get shot': Good Samaritan, 42, recalls how he rushed to save 16-year-old 'shot by 85-year-old man' when he mistakenly knocked on his door - as teen was bloody and screaming for help, Prosecutor claims there WAS a 'racial component' in shooting of black Missouri boy, 16, who mistakenly knocked on door of elderly white man - as 85-year-old is charged with first-degree assault and armed criminal action, Missouri home where gifted black teen, 16, was shot after ringing wrong doorbell had signs warning 'NO SOLICITORS' and surveillance cameras, Disney doubles down! Bill Gates was a fan of Orion. Addresses are shown on a Google-like map as well as pictures of the homes. The IPO turned its two founders, Robert Reffkin and Ori Allon into very wealthy men. His new company, which turned one in May, is now worth more than both of those startups combined. color: yellow!important; Real Time Net Worth. Title At Company. [21] Allon was a Director of Engineering at Twitter, and previously founded companies acquired by Twitter and Google. .page-id-1799240 .entry-title { s = d.createElement('script'); Why not be the first to send us your thoughts, '&l=' + l : ''; Urban Compass currently employs more than 100 people full-time and it expects to double its staff by the end of the year. He holds 57 issued patents with additional patent submissions pending. The startupworks with local real-estate agents on a commission basis. The directors are Eileen Murray, co-CEO of Bridgewater Associates and previously an executive at Morgan Stanley and Credit Suisse; former Oracle president Charles Phillips; LinkedIns CFO Steven Sordello; and Pamela Thomas-Graham, who was previously Credit Suisses CMO and CEO of CNBC Television and CNBC.com. Wiki, Biography, Age, Parents, Net worth, Girlfriend, Height & More. After a rough couple of years, the fund bounced back and posted scorching gains of 55.5 percent in 2020, according to Institutional Investor. The company provides cloud applications that automate critical business processes for a broad range of industries. If his holdings remained. Last May, the outgoing mayor of New York, Michael Bloomberg, attended the company's launch. "We've built a real business and we're growing, mostly by word of mouth. 'gtm.start': 7 / 9 #8: Tim Gurner Net worth: $608 million Allon, who at 26 sold Google a mathematical process he had . [20] References [ edit] [20], Compass was founded by entrepreneurs Ori Allon, Robert Reffkin and Avi Dorfman as Urban Compass in 2012. If his holdings remained unchanged, Allons shares are worth about $385 million. Compass 2023. [22] Reffkin had previously served as the chief of staff to the president of Goldman Sachs[13] and worked in the White House. [CDATA[ The brokerages chief product officer holds stock options for 1.55 million shares that he has until the end of April to exercise. Compass CEO and co-founder owned 8.6 million shares of Class A stock before he rang the opening bell Thursday. But unlike many of . as of 4/17/23. Ori Allon is the technical cofounder of Compass, which went public at an $8.2 billion market cap. Do not sell or share my personal information. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Harlan Crow speaks following investigation, Yankees slugger Aaron Judge buys Manhattan penthouse, Fannie Mae keeps secret blacklist of properties, Japanese restaurant leases former Sushisamba space, The definitive guide to the Compass C-Suite. By contrast, Reffkin has eight C-suite executives reporting to him. Four people who joined Compass board of directors last year hold options for 194,000 shares each, to be exercised by the end of April. Touni's estimated net worth is $10 million. Max Frost said Mr. Allon first approached RocaNews. Citrones Discovery Capital Management is Compass second-largest shareholder, with a 9.2 percent stake, according to Compass S-1, filed this week ahead of its impending public offering. Compass Co-Founder Robert Reffkin In Prime Position To Become America's Next Black Billionaire. #post-1784265 .brightcove-video-container { Allan previously served as an adjunct professor at the University of California, Berkeley where he taught on the subjects of computer networks, network management and network design. j.src = By doing so, the company joins a rare list of only 172 international start-ups from countries including China, the United States, Germany and Singapore with that value - nicknamed 'unicorns' by analysts, according to market researchersCB Insights. In 2012, he and his wife, Cindy, became minority owners of the Pittsburgh Steelers. Compass | 243,362 followers on LinkedIn. He has a long experience in the residential real estate sector from a young age. Jimmy Fallon is known for his work on Saturday Night. [61], Compass Bridge Loan Services provides access to bridge loan lenders, with the option to get up to six months of the loan payments fronted when the home is sold with a Compass agent. Addresses are shown on a Google-like map as well as pictures of the homes. The two play important roles at the firm, but Allon is who we're talking about today. Urban Compass currently employs more than 100 people full-time and it expects to double its staff by the end of the year. [12], Compass also expanded into Chicago in late November 2017, signing the city's number-one real estate team. [64], Compass Collections is a curated visual workspace that allows agents and clients to collaborate in real-time to organize homes, centralize their discussions, and monitor the market by receiving immediate status and price updates.[65]. It is backed by Softbanks Vision Fund, the most visible venture firm operating today. function external_links_in_new_windows_loop() { California License # 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. Dr Allon, an Israeli-Australian who earned his PhD in computer science at the University of New South Wales, co-founded New York-based Compass with former Goldman Sachs staffer Robert Reffkin. // forced if the address starts with http (or also https), but does not link to the current domain "A compensation expert for Dorfman argued that as of June 2017 Dorfman was entitled to between 2 million and 2.2 million shares, or roughly 6 to 7 percent of the company, based on Reffkin and co . The firm has grown to control 4% of market share of U.S. home sales by dollar volume between 2019 and 2020. Prior to Compass Neda was the Director of Urban Systems at Sidewalk Labs, the division of Google focused on building smart cities. new Date().getTime(), event: 'gtm.js' Ori Allon is the Co-Founder & Chief Strategist at Compass. change_link = false; [26][27] The company initially focused only on rentals. ( function( w, d, s, l, i ) { Farm Heroes Saga, the #4 Game on iTunes. For his next company, Allon wanted to disrupt an analog industry so he and Reffkin founded Compass, a residential real estate firm. Previously, Allan was Chief Technology Officer at ServiceNow, and has co-founded and held senior leadership positions at multiple companies and was also a venture capital investor for seven years. The two play important roles at the firm, but Allon is who we're talking about today. The brokerages co-founder and chief strategist held more than 19 million shares worth nearly $344 million at the start of trading. 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