Announcement comes after c-suite shakeup
Compass has hired the head of real estate tech investments at the Carlyle Group as CFO, according to BizJournal. The brokerage parted ways with CFO Craig Anderson and longtime CTO Liming Zhao in March.
Why it matters: The amount of hiring and firing in the CRE tech space is fascinating. Founders constantly struggle between hiring based on their ultimate vision versus the company’s existing needs.
Bottom line: Definitely more challenging to run an excellent company than to raise money. Although Kristen Ankerbrandt is certainly a talent, it would be more logical to hire a traditional CFO who has some background in tech.
Heard on the Street: Rob Reffkin’s perspective “Kristen is an inspirational leader with deep expertise in the technology sector… Her experience growing investments in fast-growing technology companies will power Compass’ next stage of hypergrowth as we capitalize on our Series F funding and expand internationally.”