Compass and WeWork both took massive amounts of cash from SoftBank, but experts say the two companies are actually quite different.
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A panel of venture capitalists and industry observers argued Friday morning that high-flying brokerage Compass is likely to avoid the tumultuous fate of co-working startup WeWork, despite being backed by the same massive investment fund.
Paul Hurst, a vice president at investment firm First American, laid out the situation to a packed room at Inman Connect New York. Among other things, Compass has “managed to attract a great technology team,” Hurst said, and has a different business model from other well-funded real estate startups like Opendoor or Katerra.
“I’m positive on Compass in the future,” Hurst said. “I hope they can build something that is truly differentiated.”
To hear more of the discussion, tune in to the video above, or read the original article here.