Assertion certainty 4/5 debate potential 1/5

CompStak operates in over 70 commercial real estate markets globally

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

Michael Mandel, co-founder and CEO of CompStak, describes the market coverage of his crowdsourced commercial real estate data platform.

0:00 / 0:10exact quote · 10.1s

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

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

CompStak is live in over 70 markets across the United States and the United Kingdom, spanning over 900 submarkets in over 8,000 cities.

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.

How this resolves

Requires proprietary internal coverage and database logs from CompStak as of March 2018 confirming active coverage across >70 markets, >900 submarkets, and >8,000 cities in the US and UK.

not yet assessed: in the resolution queue (grounded fact checks run in waves; this one's next)

Mentioned

CompStak United Kingdom United States

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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

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

Disclosure

CompStak secured a venture debt interest rate of approximately 4.5%

“We're tied at prime. I think we're probably at about four and a half percent right now.”

Michael Mandel Mar 12, 2018 ▶ 8:58 961 How He Sells Commercial Real Estate Data to PE Firms for $5m+ in ARR

CompStak operates in over 70 commercial real estate markets globally

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