As WeWork’s pre-IPO valuation tumbles, some analysts have called into question the sky-high valuations of Opendoor and Compass, two of SoftBank’s other major real estate investments. All three companies are unprofitable and have fueled their rapid growth by spending billions of dollars of investment capital.
Posted by Jeff Mindham
Prior to becoming a full-time writer in 2015, I was the Senior President of National Marketing for Prudential Real Estate (63,000 agents & 700 franchisees), and the Chief Marketing Officer at several real estate tech startups. Those included ForSaleByOwner.com, the nation’s largest online FSBO, Foxtons and USRealty.com, among others. I began my career on Madison Ave. working at some of New York’s largest ad agencies.
I have a master’s degree from the University of San Francisco and a BA degree in Communications.
