How Compass is Different from Zillow, Redfin, and Typical Brokerages
Compass completed their IPO valuing the company at $7 billion dollars (really $9 billion after accounting for full dilution of all convertibles, warrants, employee stock options, and other derivatives). For all the early investors, it's a huge win by...
Are Y Combinator Demo Day Valuations Too High? Or is the Market Efficient?
In 2015, Sam Altman issued his famous valuation challenge, asking startup naysayers and bubble callers to place a friendly six-figure wager. Sam picked three baskets - late stage, mid stage, and the entire graduating Winter 2015 YC...
Bryant Park Whole Foods Closes To Become Prime Fulfillment?
Most unfortunate and interesting. The closest Whole Foods to RentHop HQ will be closing to public shoppers. Instead, it will "focus more on prime orders" during the Covid-19 shutdowns.
I'm sure Amazon has smart people who have crunched...
AirBnb Cancellation Policy And Arbitrage Collapse?
Absolutely brutal... but it is the right thing to do. No guest should need to worry about traveling just to prevent a forfeiture of their deposits. No host should compel a guest to take health risks, or...
Will Airbnb Delay Their IPO Due To Coronavirus?
Everyone anticipated a big IPO from Airbnb this year. They are the most successful and widely recognized Y Combinator alum, and have had the luxury of staying private while fueling incredible growth. They raised big rounds along...
Two Sigma Ventures to Grand Central Tech
Last time we discussed the very early days. From mid-2008 to 2010, RentHop used co-founder Lawrence Zhou's apartment to write code on nights and weekends, while the founders held day jobs at Traxis Partners, D. E. Shaw...
