{"id":20304,"date":"2021-05-09T23:33:45","date_gmt":"2021-05-10T04:33:45","guid":{"rendered":"https:\/\/myboysay.com\/blog\/?p=20304"},"modified":"2021-05-09T23:38:49","modified_gmt":"2021-05-10T04:38:49","slug":"compass-co-founder-robert-reffkin-in-prime-position-to-become-americas-next-black-billionaire","status":"publish","type":"post","link":"https:\/\/myboysay.com\/blog\/?p=20304","title":{"rendered":"Compass Co-Founder Robert Reffkin In Prime Position To Become America’s Next Black Billionaire"},"content":{"rendered":"
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Compass Co-Founder Robert Reffkin In Prime Position To Become America’s Next Black Billionaire<\/h1>\n<\/div>\n
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The real estate firm Compass went public recently at $18 per share. By the end of the first day of trading the stock was at $20.15, giving the growing company a market cap of $7.9 billion.<\/strong><\/p>\n

We obviously have no idea where the stock will go over time, but the public listing puts its 41-year-old co-founder, Robert Reffkin, in prime position to potentially become America’s next black billionaire . If all goes to plan, Reffkin would also be the youngest black billionaire<\/a> in the elite group.<\/strong><\/p>\n

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Reffkin co-founded Compass in 2012 with Ori Allon. He formerly was an executive at Goldman Sachs. Reffkin owns $480.7 million worth of Compass shares currently and has another $186.5 million that will be disbursed to him over the next four years. So at today’s prices, Reffkin is essentially worth around $670 million on paper right now.<\/strong><\/p>\n

Reffkin’s stake in the company makes him one of the most successful real estate entrepreneurs in the country after nearly a decade of being a fringe player in the industry.<\/strong><\/p>\n

Reffkin got his bachelor’s degree and MBA from Columbia and went into the world of consulting with gigs at McKinsey, Lazard, and in the administration of George W. Bush<\/a> (he was fellow in the Treasury Department). While with Goldman Sachs he rose through the ranks to become chief of staff to firm president and COO, Gary Cohn<\/a>.<\/strong><\/p>\n

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@RobReffkin<\/span><\/strong><\/div>\n<\/div>\n

Compass is not yet profitable. Since its 2012 founding, the company has lost around $1 billion. Compass lost $270 million in 2020 alone.<\/strong><\/p>\n

That said, the company’s revenue has also grown by more than 20 times since 2016 when it had $187 million in revenue. Revenue in 2020 topped $3.7 billion. According to the comapy’s S-1 filing with the SEC, Compass’s market share rose from 1% to 4% from 2018 to 2020. Compass is growing roughly 10 times faster than the average U.S. real estate company.<\/strong><\/p>\n

Reffkin was inspired to found Compass by his mother, Ruth, who is a long-time real estate agent. She now works for her son’s firm. On a personal front, he has raised more than $1 million for charity. One of the charities, America Needs You, (he is the founder) aims to help young people who live below the poverty line and are the first person in their family to go to college.<\/strong><\/p>\n

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We’re a passionate team of engineers, real-estate professionals, and entrepreneurs making it easier to find a great place to live.<\/strong><\/h1>\n<\/div>\n<\/div>\n<\/div>\n
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Leadership Team<\/strong><\/div>\n
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\"Robert<\/strong><\/div>\n
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Robert Reffkin<\/strong><\/div>\n
Founder & CEO<\/strong><\/div>\n<\/div>\n
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Robert Reffkin is an entrepreneur on a mission to help everyone find their place in the world. He was inspired to enter the world of real estate by his mother, Ruth, a longtime agent who now proudly works at Compass. Robert completed a B.A. and M.B.A. from Columbia University and worked at McKinsey, Goldman Sachs, and as a White House Fellow. He ran 50 marathons in 50 states to raise $1 million dollars for charities \u2014 including for America Needs You, the non-profit he founded to serve young people living below the poverty line who are the first in their families to go to college. He is donating all of his proceeds from his new book, No One Succeeds Alone, to nonprofits that help young people realize their dreams.<\/strong><\/div>\n<\/div>\n<\/div>\n
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\"Ori<\/strong><\/div>\n
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Ori Allon<\/strong><\/div>\n
Founder & Chief Strategist<\/strong><\/div>\n<\/div>\n
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Ori Allon is a technologist and entrepreneur who, throughout his career, has built software-driven businesses that generate personalized experiences for the everyday consumer. Ori’s background working in technology includes serving as Director of Engineering at Twitter, founding Julpan which was acquired by Twitter, and founding Orion which was acquired by Google. His passion lies within empowering entrepreneurs to make impact through technology. Ori earned his PhD in computer science at the University of New South Wales in Sydney, Australia.<\/strong><\/div>\n<\/div>\n<\/div>\n
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\"Kristen<\/strong><\/div>\n
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Kristen Ankerbrandt<\/strong><\/div>\n
Chief Financial Officer<\/strong><\/div>\n<\/div>\n
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Kristen Ankerbrandt has nearly 20 years of global experience across the technology and media sectors, with expertise in software and tech-enabled services. As Chief Financial Officer, she oversees strategic and operational finance, acquisitions, partnerships, and investor relations. Prior to joining Compass, Kristen spent 12 years at The Carlyle Group where she led technology & business services investments for Carlyle\u2019s $18.5 billion fund and oversaw the firm\u2019s investments in a number of premier technology companies globally. Prior to Carlyle, Kristen worked at Goldman Sachs in the Investment Banking Division where she focused on technology, media and communications transactions. Kristen holds a BA in Economics from Columbia University and an MBA from Harvard Business School.<\/strong><\/div>\n<\/div>\n<\/div>\n
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\"Joseph<\/strong><\/div>\n
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Joseph Sirosh<\/strong><\/div>\n
Chief Technology Officer <\/strong><\/div>\n<\/div>\n
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Joseph Sirosh is a technologist with a passion for AI. As Chief Technology Officer, he leads the development of the real estate industry\u2019s first end-to-end platform and oversees the engineering team. Most recently, Joseph served as Microsoft\u2019s Chief Technology Officer for AI. During his tenure, he held product and engineering responsibility for all enterprise database, big data and machine learning products, with 1,700+ engineers. Prior to Microsoft, Joseph spent nine years as a VP at Amazon where he managed the Global Inventory Platform for Amazon\u2019s Consumer Business, and built the machine learning and Transaction Risk Management teams. Joseph holds a PhD in Neural Networks from the University of Texas at Austin.<\/strong><\/div>\n<\/div>\n<\/div>\n
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\"Greg<\/strong><\/div>\n
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Greg Hart<\/strong><\/div>\n
Chief Product Officer<\/strong><\/div>\n<\/div>\n
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Greg Hart is a hi-tech leader with 20+ years experience at Amazon in all aspects of product development, product and general management, marketing, content and e-commerce. He has a demonstrated track record leading and innovating in successively larger and more complex roles, spanning positions ranging from marketing in Amazon’s early days, to product management in Amazon’s media businesses, to general management of billion-dollar retail businesses, to building and launching innovative new products and services (Amazon Echo & Alexa), to leading worldwide Prime Video. Greg has extensive experience building and managing large, globally distributed teams comprising business line leaders, marketers, product managers, UX designers, engineers, machine learning and speech scientists. He holds 57 issued patents with additional patent submissions pending. Past roles include Technical Advisor to Amazon CEO Jeff Bezos.<\/strong><\/div>\n<\/div>\n<\/div>\n
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\"Rob<\/strong><\/div>\n
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Rob Lehman<\/strong><\/div>\n
Chief Business Officer<\/strong><\/div>\n<\/div>\n
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Rob Lehman joined Compass from management consulting at McKinsey & Company in New York City, where he was primarily focused on devising growth strategies in legacy industries through technology and data innovations. Rob has been named one of Forbes 30 Under 30, was ranked #27 on the T360 list of the 200 most influential people in residential real estate, and graduated summa cum laude from Duke University. Outside of work, Rob has worked on social enterprise initiatives on every continent, with a passion for public private partnerships to drive poverty alleviation.<\/strong><\/div>\n<\/div>\n<\/div>\n
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\"Neda<\/strong><\/div>\n
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Neda Navab<\/strong><\/div>\n
President, Compass East<\/strong><\/div>\n<\/div>\n
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The proud daughter of a real estate agent, Neda Nevab is focused on bringing Compass’s mission to life across the Eastern United States. Prior to Compass Neda was the Director of Urban Systems at Sidewalk Labs, the division of Google focused on building smart cities. Neda also spent years in the Bay Area working at high-growth technology companies, and in East Africa building programs to support female entrepreneurs. Neda started her career as a management consultant at McKinsey & Co. She earned her MBA from Harvard Business School and her BA in Economics from Columbia University.<\/strong><\/div>\n<\/div>\n<\/div>\n
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\"Danielle<\/strong><\/div>\n
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Danielle Wilkie<\/strong><\/div>\n
President, Compass Central<\/strong><\/div>\n<\/div>\n
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Danielle Wilkie\u2019s 20+ year career has followed technology transformation across a variety of industries: property management, home improvement, insurance, digital advertising, content licensing and online learning & ecommerce. Her career began in Marketing & Product Management and has continued to leverage this customer-driven approach in all her leadership roles. She has been part of several successful startup exits including HomeAdvisor (f\/k\/a ServiceMagic sold to IAC in 2004), NetQuote (sold to Bankrate in 2010) and Craftsy (sold to NBCUniversal in 2018). She holds a BA from Smith College and an MBA from the University of Colorado.<\/strong><\/div>\n<\/div>\n<\/div>\n
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\"Kamini<\/strong><\/div>\n
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Kamini Lane<\/strong><\/div>\n
President, Compass West<\/strong><\/div>\n<\/div>\n
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Kamini Lane is a seasoned leader with a passion for building world class brands and teams. She brings over 15 years of experience in marketing, communications, and operations, as well as a deep understanding of the luxury consumer and technology based marketplaces. Kamini holds an MBA from Harvard Business School and a BS in Business Administration from the Haas School of Business at UC Berkeley. In 2020, she was named one of the 500 most influential people in Los Angeles by the LA Business Journal.<\/strong><\/div>\n<\/div>\n<\/div>\n
Independent Board Members<\/strong><\/div>\n
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\"Eileen<\/strong><\/div>\n
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Eileen Murray<\/strong><\/div>\n
Board Member<\/strong><\/div>\n<\/div>\n
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Eileen Murray is the Chair of the Financial Industry Regulatory Authority (FINRA), which oversees U.S. broker dealers. Eileen is the former Co-Chief Executive Officer of Bridgewater Associates. Prior to Bridgewater, she held senior leadership roles at Morgan Stanley and Credit Suisse, including serving on both firms\u2019 management and executive committees \u2014 serving as the first woman on Credit Suisse\u2019s executive board. She’s been named one of the 20 Most Powerful Women in Banking and one of the 50 Leading Women in the Hedge Fund Industry, and received the Pioneer Award in Finance from the United Nations. Eileen is a recognized leader in philanthropy and service and has been named an Afterschool Champion by the Partnership for Afterschool Education and has been given the YMCA of Greater New York\u2019s Arts and Letters Award for Outstanding Leadership. Currently, she serves on the boards of HSBC Holdings plc and the Guardian Life Insurance Company.<\/strong><\/div>\n<\/div>\n<\/div>\n
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\"Charles<\/strong><\/div>\n
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Charles Phillips<\/strong><\/div>\n
Board Member<\/strong><\/div>\n<\/div>\n
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Charles Phillips is the former CEO and Chairman of Infor, the third-largest business software applications company in the world. The company provides cloud applications that automate critical business processes for a broad range of industries. Prior to joining Infor, Charles was president of Oracle Corporation and a member of its board of directors. During his eight-year tenure, Oracle tripled in market capitalization and acquired 70 companies. Before Oracle, he was a Managing Director at Morgan Stanley in the Technology Group and also served on the company\u2019s board of directors. Charles\u2019 experience as a board member is extensive. He has served on the boards of the Viacom Corporation, the Apollo Theater, the New York Police Foundation, the Federal Reserve Bank of New York and President Barack Obama\u2019s Economic Recovery Board.<\/strong><\/div>\n<\/div>\n<\/div>\n
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\"Steven<\/strong><\/div>\n
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Steven Sordello<\/strong><\/div>\n
Board Member<\/strong><\/div>\n<\/div>\n
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Steve Sordello is the Chief Financial Officer of LinkedIn, where he oversaw the company\u2019s successful IPO in 2011, raised more than $4 billion in capital and completed multiple private and public acquisitions, including LinkedIn’s $26.2 billion merger with Microsoft. Prior to LinkedIn, Steve was instrumental in guiding TiVo to profitability. Steve serves on the board of Atlassian and is a trustee at Santa Clara University.<\/strong><\/div>\n<\/div>\n<\/div>\n
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\"Pamela<\/strong><\/div>\n
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Pamela Thomas-Graham<\/strong><\/div>\n
Board Member<\/strong><\/div>\n<\/div>\n
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Pamela Thomas-Graham began her career at McKinsey & Company where she became the first African-American woman to make partner. Throughout her career, Pamela served as Chief Marketing Officer and on the executive board at Credit Suisse, Group President Liz Claiborne, and President and Chief Executive Officer of both CNBC Television and CNBC.com. Currently, she serves as Lead Independent Director on the board of the Clorox Company, and is a board member of Bumble, Peloton, Bank of N.T. Butterfield & Son, and Norwegian Cruise Lines.<\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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