Side’s CEO Male Gal and newly appointed president Stephen Capezza (Getty, Facet)
Aspect, the 6-calendar year-aged startup that provides white-label services for brokerage groups, has tapped a Zillow veteran to push countrywide growth as its to start with president, the corporation informed The Actual Offer.
Stephen Capezza is joining the agency following practically 8 a long time at Zillow, where by he held a range of senior sales positions, together with overseeing income for the company’s dollars cow agent-advertising system, Premier Agent, which was employed by 150,000 brokers and generates $1.2 billion profits each year. Prior to Zillow, he was at Trulia, which was acquired by Zillow in 2015.
Side is headquartered in San Francisco, but Capezza will be centered in New York Metropolis. A crucial mandate for him will be countrywide development, Dude Gal, CEO and co-founder of Aspect, said in an interview.
“At a common brokerage, a president is commonly a glorified recruiter. That is not why we employed Stephen Capezza as president,” Gal claimed. “He is serving much more so in the capability of running a tech enterprise, with driving operations in a working day-to-working day purpose.”
In an interview, Capezza mentioned he’d scale growth for the very long time period, not just for small-phrase victories.
Aspect was embraced by venture capitalists when it introduced in 2017 with a enterprise model the place it supplied its proprietary technology to take care of agent teams’ back business operations. The organization now operates with more than 500 agent teams throughout the place, and was most recently valued at $2.5 billion immediately after a June 2021 funding round.
The organization has managed to entice some prime brokers throughout the country, which include the New York and Miami-based Alexander Crew, which defected from Douglas Elliman in June Ben Bacal, who left Rodeo Realty in 2019 and Meital Taub, who remaining First Group/Christie’s International True Estate in November.
This year, Aspect announced other C-suite hires, like Michelle Denogean as chief advertising officer and Carmine Napolitano as chief economical officer.
