The Real Deal New York

What’s behind Urban Compass’s new direction?

Shift in business model has skeptics buzzing, but the company’s principals remain confident
By Katherine Clarke | April 08, 2014 10:30AM

From the April issue: In September, New York City-based real estate and technology start-up Urban Compass closed a deal with investors for funding totaling $20 million. The investment — from companies such as Advance Publications, the parent of Condé Nast; Joshua Kushner’s Thrive Capital, and venture capital firm Founders Fund — valued the company at close to $150 million. [more]