Assertion certainty 4/5 debate potential 1/5

Co-founder worked full-time for a year while Mandel remained a broker

Michael Mandel · 961 How He Sells Commercial Real Estate Data to PE Firms for $5m+ in ARR · Mar 12, 2018 · at 6:57

Michael Mandel, co-founder and CEO of CompStak, recounts the early bootstrapping period of the commercial real estate data platform before they raised outside capital.

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“Actually my co-founder worked on Comstack for nearly a year, basically full time while I was still working as a broker.”

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The claim, plainly

CompStak co-founder Vadim worked on the company full-time for nearly a year while Michael Mandel remained employed as a commercial real estate broker.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

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Mentioned

CompStak Michael Mandel Vadim

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More from Michael Mandel

Assertion Not checkable as stated

Mandel: CompStak's customers include Wells Fargo, JP Morgan, and Blackstone

“So our customers are some of the world's largest banks, private equity funds, hedge funds, institutional owners. So people like Wells Fargo and JP Morgan and Morgan Stanley we've got, you know, institutional owners like Blackstone, Brookfield, Bornado, Tishma…”

Michael Mandel Mar 12, 2018 ▶ 2:23 961 How He Sells Commercial Real Estate Data to PE Firms for $5m+ in ARR

Assertion Not checkable as stated

CompStak operates in over 70 commercial real estate markets globally

“We're live in over 70 markets across the US and UK over 900 sub markets in over 8000 cities.”

Michael Mandel Mar 12, 2018 ▶ 2:00 961 How He Sells Commercial Real Estate Data to PE Firms for $5m+ in ARR

Assertion Not checkable as stated

Mandel: CompStak's average annual contract size is around $50,000

“Around 50,000 dollars.”

Michael Mandel Mar 12, 2018 ▶ 2:57 961 How He Sells Commercial Real Estate Data to PE Firms for $5m+ in ARR

Disclosure

Mandel: CompStak founders split equity 50/50 down the middle

“We did split it down the middle.”

Michael Mandel Mar 12, 2018 ▶ 6:47 961 How He Sells Commercial Real Estate Data to PE Firms for $5m+ in ARR

Disclosure

Mandel: CompStak has raised around $20M in total funding

“Around twenty million.”

Michael Mandel Mar 12, 2018 ▶ 7:46 961 How He Sells Commercial Real Estate Data to PE Firms for $5m+ in ARR

Disclosure

Mandel: CompStak raised $3M in venture debt and paid off half

“We did about three million in venture debt. And why make the decision to do some in venture debt? We've now paid off about half of that.”

Michael Mandel Mar 12, 2018 ▶ 7:55 961 How He Sells Commercial Real Estate Data to PE Firms for $5m+ in ARR

Co-founder worked full-time for a year while Mandel remained a broker

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