Mike Wilner, co-founder and CEO of Compass, breaks down the company's take rate and business model.
0:00 / 0:03exact quote · 3.7s
720p mp4 · rendered on demand · StarZero watermark
“So we take a 40% cut on everything that comes through our marketplace.”
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 →
More from Mike Wilner
AssertionNot checkable as stated
Wilner claims 98 percent of Wix users fail to finish building sites.
“98% of people that start building sites on Wix actually fail to complete them, which is a pretty they're a volume play, right?”
Mike WilnerJul 11, 2016▶ 13:11EP 352: Marketplace Takes 40% To Create High End Websites At Little Cost
AssertionNot 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 WilnerJul 11, 2016▶ 5:30EP 352: Marketplace Takes 40% To Create High End Websites At Little Cost
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 WilnerJul 11, 2016▶ 11:02EP 352: Marketplace Takes 40% To Create High End Websites At Little Cost
AssertionNot 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 WilnerJul 11, 2016▶ 9:39EP 352: Marketplace Takes 40% To Create High End Websites At Little Cost
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 WilnerJul 11, 2016▶ 15:54EP 352: Marketplace Takes 40% To Create High End Websites At Little Cost
AssertionNot 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 WilnerJul 11, 2016▶ 3:44EP 352: Marketplace Takes 40% To Create High End Websites At Little Cost
Made with StarZero
Turn any episode into a week of clips.
This entire site, over 2,600 episodes transcribed, diarized, checked and made playable,
runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the
moments worth sharing, cuts them, captions them, and reframes them for every feed.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.