Nabe × Compass · Acquisition Numbers
The neighborhood social layer Compass already has the distribution for.
Hyperlocal social for real life — not real estate. Residents free; the network does the rest.
The model — deliberately simple
$9.99/ month, flat
One price for the only two groups who pay: real estate agents and service providers (contractors, trades) who want to be discoverable. Residents, landlords, developers, and businesses are always free — they're what makes the neighborhood alive.
What that's worth across Compass
Compass — the company
~40,000 agents
Legacy Compass brokerage
$4.8Mannual subscription revenue at full adoption
Compass Int'l Holdings
~340,000 agents
Post-Anywhere: Coldwell Banker, Sotheby's, Century 21, Corcoran, ERA, @properties, BHGRE
$40.8Mannual subscription revenue at full adoption
But the subscription revenue is the floor, not the point
- Distribution you already own. ~340,000 agents put Nabe in front of every client and listing on day one — the cold-start problem every consumer app dies from is already solved.
- A defensive moat. Owning the neighborhood-social layer keeps Zillow, Nextdoor, and portals out of the relationship between agent, resident, and block.
- A finished product + team. Built, designed, and working — not a slide. Buy the head start, not the roadmap.
- Recurring, high-margin revenue that grows with the agent base — and a path to the same model nationwide (~$540M ceiling) and worldwide (~$1.9B ceiling).
The ask
Fund or acquire Nabe; keep it close.
Founder stays on with a small equity stake + advisor role to steer the neighborhood product and the agent rollout.
Pre-condition before any terms: a clean IP letter from outside counsel on file (in progress).