Compass

12 statements across 2 episodes · 4 bullish · 0 bearish · 2 people on the record · first statement Jul 11, 2016 by Mike Wilner · said 21 times in 4 episodes since 2016 · across every show →

Mentions by year

brought up most by Mike Wilner (10), Nathan Latka (8), Mike Land (1), Konstantin Bayondin (1), Abhinav Agrawal (1)

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Everything said about Compass, oldest first

Jul 11, 2016
Assertion Not checkable as stated
Wilner: Compass has processed around $250,000 in total transaction volume
“So that's around 250 grand.”
Mike Wilner Jul 11, 2016 ▶ 8:27 EP 352: Marketplace Takes 40% To Create High End Websites At Little Cost
Jul 11, 2016
Assertion Not checkable as stated
Compass generated approximately $40,000 in total revenue during 2015.
“Total 20 15 revenue that was Again, just doing some quick math. Revenue was around 40 grand.”
Mike Wilner Jul 11, 2016 ▶ 7:41 EP 352: Marketplace Takes 40% To Create High End Websites At Little Cost
Jul 11, 2016 positive
Insight
Wilner advises founders to study elite athletes rather than peak-success CEOs.
“I actually don't like following CEOs that much cause it just makes you feel bad usually cause the CEOs you follow are generally like at some peak of success. I like following athletes more and like thinking about their habits. So really looking at Steph Curry …”
Mike Wilner Jul 11, 2016 ▶ 15:54 EP 352: Marketplace Takes 40% To Create High End Websites At Little Cost
Jul 11, 2016 positive
Assertion Not checkable as stated
Wilner: Compass designers typically earn $40 to $60 per hour
“We typically see 40 to 60 dollars an hour, even for these price points that we have, because we're taking all of the client management overhead out of the equation for them.”
Mike Wilner Jul 11, 2016 ▶ 5:30 EP 352: Marketplace Takes 40% To Create High End Websites At Little Cost
Jul 11, 2016
Insight
Wilner argues managing human expectations is harder than building marketplace technology.
“The technology is actually the easier part. The really hard part is just managing humans and expectations and all of those softer things that go into making a marketplace like this work.”
Mike Wilner Jul 11, 2016 ▶ 11:02 EP 352: Marketplace Takes 40% To Create High End Websites At Little Cost
Jul 11, 2016 neutral
Disclosure
Compass maintains a highly curated supply side of under 40 US designers.
“We don't have like a massive network of like hundreds of designers. We actually know all of them personally at this point. So we've got just under 40 all over the country.”
Mike Wilner Jul 11, 2016 ▶ 5:53 EP 352: Marketplace Takes 40% To Create High End Websites At Little Cost
Jul 11, 2016 positive
Assertion Not checkable as stated
Compass reported approximately 30 percent month-over-month revenue growth in 2016.
“So we've been growing like 30% month over month.”
Mike Wilner Jul 11, 2016 ▶ 9:39 EP 352: Marketplace Takes 40% To Create High End Websites At Little Cost
Jul 11, 2016
Assertion Not checkable as stated
Compass takes a 40% cut on all marketplace transactions
“So we take a 40% cut on everything that comes through our marketplace.”
Mike Wilner Jul 11, 2016 ▶ 3:22 EP 352: Marketplace Takes 40% To Create High End Websites At Little Cost
Jul 11, 2016
Disclosure
Compass standardizes client content prep and caps projects at three revision rounds.
“We do things like we get all the content and do the whole content strategy for customers before they even meet a designer. So by the time they meet a designer, they have everything they need throughout the entire project. We also broker like very standardized …”
Mike Wilner Jul 11, 2016 ▶ 10:24 EP 352: Marketplace Takes 40% To Create High End Websites At Little Cost
Jul 11, 2016 neutral
Disclosure
Wilner: Compass raised a $300k angel round in late 2015
“So we raised a 300,000 dollar angel round late last year.”
Mike Wilner Jul 11, 2016 ▶ 12:15 EP 352: Marketplace Takes 40% To Create High End Websites At Little Cost
Jul 11, 2016
Assertion Not checkable as stated
Compass websites average just under $1,000 in cost
“So we set all the pricing, the average cost of a compass website is just under a thousand dollars.”
Mike Wilner Jul 11, 2016 ▶ 3:44 EP 352: Marketplace Takes 40% To Create High End Websites At Little Cost
Jul 20, 2020 positive
Opinion
Agrawal believes pure software recruiting fails without a human element
“We don't think that's going to work. What we think is going to work is sort of a humans combined with good technology, kind of like what compass is doing, what Atrium is doing.”
Abhinav Agrawal Jul 20, 2020 ▶ 2:28 GetRocket Has $1.6m In Bank, $5m 2019 Revenues, 100 Customers They Recruit For
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