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    Ori Allon

    Founder & Executive Chairman
    Compass
    90 5th Avenue
    New York, NY 10011
    (212) 913-9058
    Website

    Ori Allon is the executive chairman and co-founder of Compass, a two-year-old residential brokerage in New York City that originally launched as Urban Compass, changing its name at the beginning of 2015.

    Allon is a computer-science Ph.D. from Australia who had been working as the engineering director of Twitter's New York office. Not surprisingly, then, much of Compass' early buzz in the marketplace and its appeal to brokers hinged on in-house technology that supposedly not only cut down on administrative work but also facilitated faster reaction to listing changes and debuts.

    The venture-capital-backed firm piled on big names and big assignments since its founding. Leonard Steinberg, long one of Douglas Elliman's top-performing Manhattan brokers, joined Compass in 2014 as president. Other big names include Kyle Blackmon, formerly of Brown Harris Stevens; Gene Martinez from the Corcoran Group (who dies in January 2021); and Jay Glazer, formerly of Warburg Realty, (who later left to join Corcoran)

    Compass investors have also included notable names such as landlord and developer Bill Rudin and SalesForce.com founder Marc Benioff as well as institutions such as Goldman Sachs. Indeed, the brokerage's executive ranks claim quite a few banking and consultancy alums. The startup is also heavily backed by Japan's SoftBank.

    Its new-development exclusives include the Arthur in Chelsea; Seven Harrison in Tribeca; Five Sixty West 24th, also in Chelsea; and 152 Elizabeth Street in Nolita.

    In TRD's 2021 brokerage ranking, Compass ranked No. 1 in headcount for the first time. The firm went public with a IPO on April 1 2021, raising $450 million, achieving a valuation of $7.7 billion, down from its initial target of $10 billion.

    Allon himself springs from a technical background. He was the engineering director of Twitters New York office immediately prior to founding Compass with Robert Reffkin. He had sold an earlier company, Julpan, to the social media giant in 2011. Aron also logged time at Google, where he worked on algorithms for its search engine.

    Allon earned a PhD in computer science at the University of New South Wales in Australia.

     

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    08/01/2017
    The announcement looked like a big win for the brokerage’s three-year-old new-development division. Compass, the venture capital-backed startup founded by Ori Allon and Robert Reffkin in 2010, has brought on big names such as Leonard Steinberg, Toni Haber and Billy Goldstein in recent years and has closed $417.6 million in New York City new-development condo deals since June 2014...

    12/21/2016
    The company, founded by Robert Reffkin and Ori Allon, has been growing aggressively and poaching brokers from rival firms...

    01/01/2016
    The gap may explain investors’ outsized interest in Compass, a tech-enabled brokerage founded in 2013 by Robert Reffkin and Ori Allon, which has an $800 million valuation...

    04/01/2015
    Three years later, Reffkin called Snider and asked him to meet up. At the time, Snider was working at the asset manager Bain Capital and Reffkin and Compass co-founder Ori Allon only had a handful of employees...
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