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Read previewAs a freshman at Penn State University, Ezra Gershanok was set on landing a job in consulting after graduation. Four Gen Z consultants told BI they were not in the industry for the long haul. Related storiesYet she doesn't expect the consulting industry will go hungry for workers because of the opportunities the experience can bring. AdvertisementShe said the learning opportunities can help some young consultants cope with the long hours and stress of the gig. Gen Z consultants said the hours are worth it as long as they pick up new skills.

Persons: —, Ezra Gershanok, There's, Gershanok, It's, he'd, Gen Zers, Vicki Salemi, Monster, Salemi, Gen, Jorge García Febles, I'm, PwC, it's, Spencer Rascoff, Surabhi Gupta Organizations: Service, Penn State University, Deloitte, McKinsey & Company, Business, Ritz Carlton, Consulting, McKinsey

☆ I was a consultant at McKinsey. Here's the frustrating way they pushed me out.
▼ + stars: | 2024-04-14 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

AdvertisementThis is an as-told-to conversation with Ezra Gershanok, a former Business Analyst at McKinsey & Company and the cofounder of sublet startup Ohana. I was hired straight out of college as a Business Analyst, an entry-level consultant role at the firm. Related storiesFor me, the pace of the work started to slow down in the second half of 2021 and into 2022. Several jobs at the firm started to be seen as redundant. So, it's possible to get positive feedback from the clients you're working with and your direct manager, even when the higher-ups are trying to push you out.

Persons: Ezra Gershanok, Gershanok, Zillow, —, McKinsey doesn't, I'd, Ohana, We've, Spencer Rascoff, Surabhi Gupta, they're, Lakshmi Organizations: McKinsey & Company, Post, McKinsey, Service, Apple, Engineering Locations: Seattle, sublease, NYC, Lakshmi Varanasi, lvaranasi@businessinsider.com

☆ Home prices will continue to appreciate as long as there is limited supply, says Zillow Co-Founder
▼ + stars: | 2024-04-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHome prices will continue to appreciate as long as there is limited supply, says Zillow Co-FounderSpencer Rascoff, Zillow co-founder, joins 'Closing Bell Overtime' to discuss the state of the housing market as home prices remain elevated in a tight market.

Persons: Zillow, Spencer Rascoff

☆ Match adds two directors in deal with activist investor Elliott Management
▼ + stars: | 2024-03-25 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Tinder and Hinge operator Match Group added two new directors and signed an agreement with Elliott Management, months after the activist investor was reported to have taken a stake in the company, Match announced Monday. The appointments come after a "constructive" dialogue with Elliott that resulted in an information-sharing agreement, Match said in a release. Such agreements allow activist investors to have insight into the company's finances and operations, above and beyond what everyday investors have. Elliott is one of the most prolific activist investors in the space. The Wall Street Journal reported in January that the activist had an economic interest of around $1 billion.

Persons: Laura Jones, Zillow, Spencer Rascoff, Elliott, Marc Steinberg Organizations: Elliott Management, Instacart, Match, Street

☆ Has the LA scene fizzled? SoCal has fallen further behind the Bay Area, NYC and Boston for startup funding: 'People deep in AI are just not in LA'
▼ + stars: | 2024-01-23 | by ( Ben Bergman | ) www.businessinsider.com time to read: +8 min

But last year, the LA tech scene stalled, according to Carta data. Startup funding plummeted everywhere, but nowhere experienced a steeper decline than LA, where funding declined 65% from 2022. CartaLA's startup funding dropped 65% last year, a steeper decline than the Bay Area, New York or Boston. "They're very deep AI companies, but they're being applied to a vertical, which is one of the strengths of LA," Ingersoll said. Bird goes bust and Snap snaps backThere was more bad news for LA's startup scene in 2023 than just the dismal funding numbers.

Persons: Ethan Aldrich, Aldrich, there's, Andreessen Horowitz, a16z, Katia Ameri, Ameri, VCs, Nikita Bier, Bier, Mark Suster, Suster, LA's, we're, Palmer Luckey, Minnie Ingersoll, Ingersoll, Bird, Zillow, Spencer Rascoff, Evan Spiegel ERIC PIERMONT, Ishan Singh, Singh Organizations: Stanford, Business, Lightspeed Venture Partners, Coatue Management, LA Tech, LA, Carta, Honest Company, New, Boston, Microsoft, Clark, SpaceX Locations: Santa Monica, Southern California, LA, Santa, Hayes, San Francisco, Los Angeles, San Francisco and New York, New York, Boston, Carta, San Diego, Seattle, Hawthorne , CA, Costa, Bay

☆ Mortgage rates will tick down: Zillow co-founder Spencer Rascoff
▼ + stars: | 2024-01-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMortgage rates will tick down: Zillow co-founder Spencer RascoffSpencer Rascoff, Zillow co-founder and former CEO, joins 'Money Movers' to discuss the current state of mortgage rates and applications, what will change the patience of homebuyers, and more.

Persons: Zillow, Spencer Rascoff Spencer Rascoff, homebuyers

☆ Housing is really at a 'standstill': Zillow co-founder Spencer Rascoff
▼ + stars: | 2023-09-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHousing is really at a 'standstill': Zillow co-founder Spencer RascoffSpencer Rascoff, Zillow co-founder and former CEO, joins 'Squawk on the Street' to discuss the housing stocks, how the inventory problem gets fixed, and how the supply part of the equation gets fixed in the housing sector.

Persons: Spencer Rascoff Spencer Rascoff, Zillow

☆ We're likely at peak mortgage rates right now, says Zillow Co-Founder Spencer Rascoff
▼ + stars: | 2023-08-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're likely at peak mortgage rates right now, says Zillow Co-Founder Spencer RascoffSpencer Rascoff, Zillow Co-Founder and Pacaso Co-Founder, joins 'Closing Bell Overtime' to talk the housing market, Pacaso's business model, mortgage rates and more.

Persons: Zillow, Spencer Rascoff Spencer Rascoff

☆ Proptech VCs and startup founders already struggling from the housing-market downturn are now reeling from the Silicon Valley Bank collapse
▼ + stars: | 2023-03-15 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +5 min

The overnight collapse of Silicon Valley Bank after a social media and group chat-fueled bank run is creating yet another set of problems for an already ailing venture tech environment. The proptech industry has suffered over the past year as higher interest rates have throttled both the real estate and tech worlds. Silicon Valley Bank was the go-to lender of so-called venture debt, or debt that startups can raise along with their equity rounds of funding. The Silicon Valley Bank collapse "just punctuated it," he said, of the financial duress. Real estate lending warningsBanks make up almost a third of all commercial real estate lending according to CBRE.

☆ Silicon Valley Bank fallout focus shifting toward venture capital debt, says Pacaso co-founder Spencer Rascoff
▼ + stars: | 2023-03-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSilicon Valley Bank fallout focus shifting toward venture capital debt, says Pacaso co-founder Spencer RascoffSpencer Rascoff, Pacaso co-founder and chairman, joins CNBC's "Squawk on the Street" to discuss the fallout from the Silicon Valley Bank collapse.

☆ A housing downturn is causing a reckoning in the once-hot cluster of proptech startups that let homebuyers pay all cash and win bidding wars
▼ + stars: | 2023-03-09 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +9 min

In that market, all-cash offers were king to sellers because they ensured quicker, stress-free closings. According to Redfin, all-cash offers quadrupled the chances that a homebuyer would win a bidding war. Ribbon has since paused its all-cash offering, but some of the other firms that Insider featured last year are still making all-cash offers. FlyhomesFlyhomes is a real-estate brokerage that featured all-cash-offer services for years and distinguished itself in December 2021 with a free all-cash-offer product. "The value to the buyer is different than in a seller's market," Garg said in the email.

☆ Watch CNBC's full interview with 75 & Sunny's Spencer Rascoff
▼ + stars: | 2023-02-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with 75 & Sunny's Spencer RascoffSpencer Rascoff, 75 & Sunny co-founder and former Zillow CEO, joins 'TechCheck' to discuss his thoughts on investing in the artificial intelligence space.

☆ My tech podcast for kids on 'What is ChatGPT?' is our most popular by a mile, says 75 & Sunny's Rascoff
▼ + stars: | 2023-02-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMy tech podcast for kids on 'What is ChatGPT?' is our most popular by a mile, says 75 & Sunny's RascoffSpencer Rascoff, 75 & Sunny co-founder and former Zillow CEO, joins 'TechCheck' to discuss his thoughts on the investing in the artificial intelligence space.

☆ In a leaked memo, CEO of electric vehicle leasing startup Autonomy warns the company is in dire financial condition but says he will do whatever it takes to save the business
▼ + stars: | 2023-01-03 | by ( Ben Bergman | ) www.businessinsider.com time to read: +4 min

But the market changed at the end of the year as Autonomy suddenly faced a perfect storm. CEO Scott Painter says he will do whatever it takes to save the business, including selling his own assets. It was not the New Years greeting employees of Autonomy, a Santa Monica-based startup offering electric vehicle subscriptions, were hoping to receive in their inboxes. Autonomy announced in August it was moving away from selling Teslas exclusively. Painter said the company would prioritize making payroll and keeping the business operational and added he would do whatever it takes to keep Autonomy operational.

☆ Home prices will decline a little but this is not 2008, says former Zillow CEO
▼ + stars: | 2022-11-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHome prices will decline a little but this is not 2008, says former Zillow CEOSpencer Rascoff, Pacaso co-founder and chairman, and former Zillow CEO, joins 'The Exchange' to discuss how much home values will fall, how the real estate market can get 'unstuck' and what will keep home prices stable, relative to 2008.

☆ Real-estate tech firms are getting hammered by a cataclysmic reckoning that one VC called a cross between the 2001 dot-com bust and the 2008 market crash
▼ + stars: | 2022-11-16 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +10 min

The proptech sector is battling two challenges at once: a slowing housing market and a tech bust. For almost a decade, a growing group of companies have thrived by introducing tech innovations to a stubbornly analog real-estate industry. "Now we're seeing something that feels like a confluence between the 2001 dot-com bust in the venture-capital world and the 2008 market crash in real estate. Shares of both Opendoor and Redfin, which once drew investor attention to the soaring proptech industry, are worth roughly one-tenth what where they were a year ago. The company hasn't laid off any of its 300-person staff — including a roughly 50-person tech team — and doesn't plan to, Matthews said.

☆ The housing market is a little worse than most people realize, says Zillow co-founder
▼ + stars: | 2022-09-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe housing market is a little worse than most people realize, says Zillow co-founderSpencer Rascoff, Zillow co-founder and former CEO, joins 'TechCheck' to discuss the impact of the quickly slowing housing market, rising rates on the consumer behavior, when Rascoff expects the IPO market to shift and which companies will look to go public this year.

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