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How Compass is Different from Zillow, Redfin, and Typical Brokerages

nCompass completed its IPO, valuing the company at $7 billion dollars (really $9 billion after accounting for the full dilution of all convertibles, warrants, employee stock options, and other derivatives). For all the early investors, it's a huge win...

Are Y Combinator Demo Day Valuations Too High? Or is the Market Efficient?

In 2015, Sam Altman issued his famous Demo Day 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 batch....

Is Office Space A Big Waste Of Money?

Most New York City Startups are now one month into the entire team working from home. It's been an eye-opening experience from a cost perspective. First of all, dining out really is a big waste of money most times....

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. The Bryant Park Whole Foods is now sending out inventory...

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 be forced...

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 the way,...