There’s a new entrant to the unicorn club: Compass (just closed on a $70 million round). I’m curious to hear the industry’s thoughts on how what they’re building is defensible? What’s their moat? They are poaching top talent from other firms, what’s to prevent the same thing happening to them in the future? I don’t have the answers, but am curious — especially if there are people reading who have used/seen their technology stack..