ori allon net worth

Discovery invested in Compass the following year, joining Salesforces Marc Benioff and Advance Publications in the startups $40 million Series B. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. if (typeof window.onload != 'function'){ He is an engineer by trade and an entrepreneur who hails from Israel. In a founders letter included in the filing, CEO Robert Reffkin pitched Compass vision for boosting agents productivity by giving them novel technology. 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. Ori Allon, 41, has already sold two tech companies prior to co-founding Compass. Dawanna Williams is the Founder and Managing Principal of Dabar Development Partners a real estate development firm that offers modern living solutions with intelligent planning, architectural ingenuity, and environmental integrity. It also previously misstated Ori Allon and Kenneth Chenaults titles. One big question is how its 19,000 agents fared in the IPO. May 23, 2022. However, it is assumed that he has earned a decent amount of money from his carrier as a real estate broker and a former attorney. Frank has over 30 years of executive leadership experience in the marketing, financial services, and business information industries including senior executive roles at General Electric, AC Nielsen, and the Western Institutional Review Board. Photo by Martin Schoeller for Forbes. After Reffkin, Compass chief technology officer is the largest shareholder in the brokerages C-suite. Compass declined to comment on the program and the investment bank did not respond. padding-left: 16px; On average, Compass executives and independent directors trade stock every 4 days with the average trade being worth of $287,483. Discoverys investment was not previously reported, and the size of its stake is second only to SoftBanks, which owns nearly 35 percent of the brokerage. s.type = 'text/javascript'; Many investors convertible preferred stock was converted into Class A shares on a one-for-one basis after the IPO. [26][27] The company initially focused only on rentals. It seems his exit has been planned and underway, Reffkin didn't mention Allon in the letter to prospective investors and his name appeared in the IPO prospectus just five times. s = d.createElement('script'); /* var oldonload = window.onload; CEO Robert Reffkin acknowledged that the softening of the equity markets contributed to the decision not to enter new markets in 2019. [19] Reffkin worked with Peter Koechley, Upworthy co-founder and former managing editor of The Onion, in writing the book No One Succeeds Alone: Learn Everything You Can from Everyone You Can, published in 2021. [25] The company publicly debuted at an event in May 2013, where then-New York City Mayor Michael Bloomberg helped celebrate the launch. Ori Allon is a technologist and entrepreneur who, throughout his career, has built software-driven businesses that generate personalized experiences for the everyday consumer. He has an MBA from Harvard Business School and a BS in Economics and Business Administration from Carnegie Mellon University. The startup. window.onload = func; #post-1784265 .brightcove-video-container { Urban Compass acts as a broker, taking between 0 and 15% per completed deal. Its unclear if the investors followed through. } Start Date. That year, its returns were up 15 percent through the first half of the year, among the best performances by a big hedge fund, according to news reports. display: none; In 2012 he co-founded Compass, the real estate technology company, where he currently serves as Executive Chairman. It's a cleaner experience than Craigslist and the startup prides itself on timely, accurate listings which it displays both online and via mobile app. if(ignore != '' && all_links.href.search(ignore) != -1) { The CEO will receive more than 25.8 million Class A shares in coming years dependent on his tenure and the performance of the company stock, according to filings. Addresses are shown on a Google-like map as well as pictures of the homes. // console.log('Changed ' + all_links.href); @Compass. About Elon Musk. ", raised $20 million at a $150 million valuation. .custom-menu-item a { Play it now! Afterpay honchoNick Molnarappears in fourth spot with $2.22 billion. Fidelity Values Compass at $2 Billion", "How has Compass grown so fast? Ankerbrandt joined Compass in 2018 after 12 years at the Carlyle Group. }; Allon is proud that his business has been making money since its first day. function external_links_in_new_windows_load(func) from the University of Maryland Francis King Carey School of Law. Touni's estimated net worth is $10 million. Foster Blakes burgeoning Go-To skincare brand nets her a net worth of $36 million in 2020. Compass received a Webby Award for Best Real Estate Website,[17] and was named to Fast Company's Best Workplaces for Innovators[18] in 2019. var all_links = document.links[t]; According to Compass S-1, its revenue grew 56 percent in 2020 to $3.7 billion. [30] In July 2014, Compass raised a Series B financing round of $40 million at a valuation of $360 million, according to Bloomberg. [21] Allon was a Director of Engineering at Twitter, and previously founded companies acquired by Twitter and Google. Last updated: 1 April 2023 at 11:00am EST. cities in the USA - it's all thanks to YOU! Ori Allon seems momentarily bothered. Residence Hong Kong . //

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