Podcast appearances and mentions of Michael Mandel

Season 1, Episode 5: In this episode of "No Cap by CRE Daily," we sit down with Michael Mandel, a former broker and the visionary founder of CompStak, to dive into the power of data and AI in the commercial real estate industry. Michael shares his journey as a broker and the issues he encountered that led him to build CompStak. We also discuss how AI and machine learning are revolutionizing data collection, analysis, and utilization in the CRE industry.    TOPICS 0:31 — Introduction 6:55 — How Compstak incorporated AI & machine learning tech into their stack 11:31 — Making brokers' lives easier using technology 13:40 — How the data verification process works 17:31 — The scoring and credit system to incentivize people to contribute data 18:05 — What will the actual effects of AI be on the real estate market? 22:46 — Pet peeves as a broker 24:59 — AI tools for architecture 28:34 — New insights into client data 30:11 — Are we going to be “owned” by AI? 33:10 — Jack & ChatGPT  35:53 — What are use cases of AI & what's the effect of deep fakes? 37:15 — Will the vast majority of real estate jobs be automated? 42:50 — Conclusion   We want to thank our sponsor Viking Capital.    For more episodes of No Cap by CRE Daily visit https://www.credaily.com/podcast/   About Our Guest Michael Mandel https://www.linkedin.com/in/mmandel/ Michael is the Co-Founder & CEO of CompStak, a marketplace for commercial real estate information. CompStak uses a crowd-sourced model to gather real information that is hard to find, difficult to compile or otherwise unavailable. Our first product is a marketplace for the exchange of commercial lease comparables. Users add the comps they have to find the comps they need. CompStak was born out of Michael's experience as a commercial leasing broker in Manhattan. He has been recognized for his success as Grubb & Ellis' National Rookie of the Year in 2007 and Real Estate New York's 30 under 30 in 2008. CompStak has been featured in The Wall Street Journal, The Real Deal, Forbes, Bloomberg, AG Beat and more.   About No Cap Podcast Commercial real estate is a $20 trillion industry and a force that shapes America's economic fabric and culture. No Cap by CRE Daily is the commercial real estate podcast that gives you an unfiltered ”No Cap” look into the industry's biggest trends and the money game behind them. Each week co-hosts Jack Stone and Alex Gornik break down the latest headlines with some of the most influential and entertaining figures in commercial real estate.   About CRE Daily  CRE Daily is a digital media company covering the business of commercial real estate. Our mission is to empower professionals with the knowledge they need to make smarter decisions and do more business. We do this through our flagship newsletter (CRE Daily) which is read by 65,000+ investors, developers, brokers, and business leaders across the country. Our smart brevity format combined with need-to-know trends has made us one of the fastest growing media brands in commercial real estate.

Dr. Michael Mandel, vice president and chief economist, Progressive Policy Institute Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Ash Patel interviews Michael Mandel, the CEO of CompStak, a leading provider of commercial real estate data. They delve deep into the world of commercial real estate data, discussing how it can be a game-changer for investors and uncovering the power of creativity in real estate investments. Listen in as they explore various data sets, discuss case studies, and provide insights into finding profitable deals using data-driven strategies. Key Takeaways: Creativity Trumps Data Alone: While data is essential, Michael emphasizes that the key to success in commercial real estate investing lies in creativity. Investors who can think creatively and find unique ways to extract value from properties will often achieve the most significant returns. Data-Driven Decision-Making: Michael highlights how investors can leverage data to make informed decisions. They discuss the importance of using multiple data sets, such as lease rates, property details, loan data, and market analytics, to identify opportunities and mitigate risks. Identifying Profitable Deals: The conversation explores how data can help investors identify potentially lucrative deals. By analyzing data on property leases, square footage, loan maturities, and more, investors can uncover properties with untapped potential, creating opportunities for significant returns on investment. Michael Mandel | Real Estate Background CEO and Co-Founder of CompStak Based in: New York, NY Say hi to him at:  LinkedIn compstak.com Best Ever Book: The Hard Thing About Hard Things by Ben Horowitz Greatest Lesson: The real estate investors that are gonna be the most successful are those who are the most creative, who can see beyond that data and find a new way to make money from an asset that isn't otherwise obvious.   Click here to learn more about our sponsors: BV Captial CRE Daily BAM Capital Rentec Direct Syndication Attorneys

As the commercial real estate sector continues to grow more than ever, it's important for professionals to stay ahead of the curve. Whether it's more efficient prospecting, deal-making, management, or investing, it's become abundantly clear that data sharing is key. Michael Mandel, Co-Founder and CEO of CompStak, joins Matt to discuss the importance of lease comparable data and how CompStak is helping people make better real estate decisions.

Michael Mandel, Co-Founder and CEO of CompStak, a marketplace for CRE data, discusses how the use of data is (and is not) changing the practice of global investing. https://www.afire.org/podcast/202302cast/ When it comes to big data, alternative data sets, data science, and analytics—how do we know if real estate investors approaching new data resources in the right way? How is data changing the game and how can organizations make better use of it? Can we better understand the value of any given asset by counting the number of trees nearby? Can that replace the data fundamentals around leasing and sales that we have relied on for decades? Or is this simply an expansion of augmentation of what we already do? Michael Mandel, Co-Founder and CEO of CompStak, sat down in January 2023 with AFIRE CEO and podcast host Gunnar Branson to talk about how investors need to combine a strong grasp of fundamental data with the more exotic new sources of insight coming to market. How should investors better discern the quality and the meaning of data as they compete in a fast moving and volatile real estate landscape? Listen now for more insights.

Man nannte ihn "Magic Mandel". Ein "Lucky Mandel" aber war er nicht. Über nahezu eine komplette Dekade stemmte sich Michael Mandel als Bereichs- und später Privatkundenvorstand der Commerzbank gegen die sinkenden Zinsen. Was ihm jahrelang verblüffend gut gelang – am Ende aber nicht mehr ganz so. Ende 2020 ging Mandel schließlich. Doch kaum war er raus, fingen die Zinsen und damit auch die Ergebnisse wieder an zu steigen, wovon heute nun sein Nachnachfolger Thomas Schaufler profitiert. Kurzum: Angesichts des Laufs der Dinge wäre es durchaus verständlich, würde Michael Mandel einen gewissen Groll hegen. Davon allerdings ist, als wir ihn Ende letzter Woche für die aktuelle Folge von "Finanz-Szene – Der Podcast" treffen, rein gar nichts zu merken. Seine Konten hat er immer noch bei der Commerzbank. Seine Vermögensverwaltung ebenfalls. Und dass man von Mandel lange Zeit nichts mehr gehört hat, liegt mitnichten daran, dass er nichts zu tun hätte. Schon bald nach seinem Ausscheiden bei der Coba hat sich der heute 56-Jährige als Berater selbstständig gemacht – übrigens mit selbst programmierter Website ("Wenn Sie digitale Unternehmen beraten wollen, müssen Sie die Sachen verstehen, um die es geht"). Dem angestammten Metier ist es dadurch verbunden geblieben, zu seinen Kunden gehören Fintechs wie Fino oder Orderbird. Eine passende Gemengelage also, um einfach mal nachzufragen, wie Mandel heute auf jene Branche schaut, zu deren wichtigsten Protagonisten er jahrelang gehörte. Ohne zu viel vorwegnehmen zu wollen: Sein Blick ist durchaus kritisch. Übrigens auch, was manche eigene Entscheidung als Commerzbank-Vorstand angeht. == Fragen und Feedback zum Podcast: redaktion@finanz-szene.de oder (auch anonym) über Threema: TKUYV5Z6 Redaktion und Host: Christian Kirchner/Finanz-Szene.de Coverdesign: Elida Atelier, Hamburg Postproduction: Podstars Hamburg Musik: Liturgy of the street / Shane Ivers - www.silvermansound.com

Michael Mandel, was ist eigentlich eines der größten Hindernisse für die Skalierung eines Start-ups? Thomas Endres, Geschäftsführer corporate momentum GmbH, erfährt in unserem neusten Podcast, wie ein Top Team mit einer Top Idee den Fokus richtig legt. Michael Mandel, Kenner von Corporate-Welten und einer der Gründer von MandelBraun Consulting, stellt Treiber für ein erfolgreiches Wachstum von Start-ups vor. Folgen Sie uns auf LinkedIn unter: DigitalLoge GmbH | LinkedIn

Welcome to part two of my conversation with Michael Mandel, vice president and chief economist at the Progressive Policy Institute. In the last episode of Faster, Please! — The Podcast, we considered the capital investments and job-creating power of America's major tech companies. In this episode, we discuss the Biden administration's CHIPS and Science Act, industrial policy, and whether we should expect an uptick in US productivity growth.In This Episode:* Innovation and industrial policy (1:14)* Looking at productivity numbers (4:14)* How technology affects jobs (7:19)* The future of productivity (12:38)* Investing in bioscience and materials science (15:00)* Policy for societal resilience (19:29)Below is an edited transcript of our conversation.Innovation and industrial policyWhat do you make of this recent CHIPS and Science Act and perhaps a move in the United States toward what some people call industrial policy—a phrase that can mean a lot of things. I think in this case it means subsidizing sectors that government thinks are important, especially in competition with some other countries.I have to say, quite honestly, that I took my eye off the semiconductor industry for a couple of years because I assumed we were in good shape. And then when I looked over, I said, “Wait a second, something happened here. All of a sudden, we're not in good shape anymore.” I support investment in this sector. I don't consider this to be classic industrial policy at this point. I just consider this to be doing what we've done in the past. We did this with memory chips: There was government intervention with SEMATECH. You sort of say, “Here's a sector, we need to fix it. Let's just go ahead and spend some money here.” We haven't gotten to the point of being strategic yet. This was not really a strategic investment. We're just saying, “Let's throw money at this problem.” We know that at the margin, throwing money at this problem is going to get us further along than we need to be.Do I think that more of this is needed? The country you didn't mention, of course, was China. I do think China's innovation policy is a really interesting question because we haven't had an experience with authoritarian countries that were successfully innovative. For a lot of reasons, because it seems that capitalism works better to produce good innovation. If it turns out that authoritarian innovation works, many countries around the world will want to imitate that model because it's much more comfortable for governments to run innovation from the top. The only reason why they allow innovation to bubble up from the bottom is because doing it the other way doesn't work.What I would expect to see in the US is a combination of the two, a lot that is bubble up from the bottom. We will be faced with technological and social and environmental challenges that we can't imagine. And we have to have invested the money in the new technologies before we get there. We don't know what the problems are going to be. We don't know what the technologies are going to be. We discovered this in the pandemic, where it turned out that mRNA technology, which was sitting on the shelf for 20 years, was a solution to a problem that we didn't even know it was a solution to. But if we hadn't been investing in it so it wasn't there, it wouldn't have been available as quickly as it was.Looking at productivity numbersStatistically, we had this productivity boom during the pandemic, at least in 2020, 2021. And people read about a lot of technologies happening: maybe AI spreading, mRNA, CRISPR, rockets. The first half of this year, statistically, was not so good with productivity. These numbers tend to jump around a lot. What's the reality going forward?As you know, productivity numbers, especially total factor productivity numbers, are useless over any period less than 10 years. We mentioned earlier the shift of hours from the household sector to the market sector as part of e-commerce. Remember: Hours in the household sector are not measured as part of the productivity basis. If you actually include them, it significantly adds to the productivity growth in this period. Because what's happened is, if we take the total amount of hours being put into consumer distribution, which is both the market hours and the non-market hours, market hours has gone up, which is what shows up in the official productivity numbers. If you look at retailing, you don't actually see very much productivity gain because, in fact, the hours have gone up a lot. But they're not counting the fallen hours in the household sector. What has happened is when you count the fall of hours in the household sector, productivity growth—I haven't done these calculations recently, but it goes up a lot: quarter percentage point a year, half a percentage point a year. It's actually a significant increase.In the sector or economy-wide?Economy-wide. Because it's a lot of hours. The degree to which telehealth, for example, removes the necessity of people to drive to the doctor's office, if we are not including those hours in our calculation of productivity growth, we're missing the big effect. And you can go through the economy like that: places where there were movements outside of the hours in the market, in the household sector, just not being counted. That even leaves out increases in output in the info sector that's not being measured. I need to go back to something else that you said, which was the productivity boom that we saw in the past: My belief is that a lot of that was mismeasured, too. But over-measured.When? What period?I'm talking about the early 2000s. There was the apparent boom from 2000-2007, increase in productivity.How technology affects jobsWe had the ‘90s boom, and then we had the pop of the internet stock bubble. But, statistically, we still saw a lot of productivity growth after that.My belief, looking at the numbers, is that a lot of that is mismeasurement of a shift in purchasing from US manufacturing firms to, say, overseas manufacturing firms, which were being picked up as a productivity gain rather than a price drop. Now we're getting to really abstruse stuff, but it doesn't really matter.That doesn't make me feel good, because I like seeing years of high productivity growth and we haven't seen as many as I would like since 1973.I understand, but that actually explains why it is that people are so pissed.Because in the ‘90s we had high productivity growth driving high wage growth.That's right. And then you did not have high wage growth after that … Retailing was in some sense a bellwether industry. Originally McKinsey was writing reports about retailing being a high-productivity industry. And then they realized it was a low-productivity industry. And in fact, real wages stayed low for many years and did not start increasing until Amazon and the other e-commerce companies came in and started taking away the really low-wage jobs which were moving out of retail, into e-commerce and fulfillment as much higher-wage jobs. What I look for is wage growth. If I'm not seeing real wage growth, I assume that I'm not seeing productivity gains, because I'm seeing real wage growth in the areas that I think real productivity gains are happening—whether or not they're being measured or not.Do I think it's going to spread to the rest of the economy? I do. We know what it looks like. The question is, are we ready for this? Are we ready for telehealth? Let's just stick with telehealth for a second. You could eliminate big chunks of healthcare workers and costs on the consumer side by shifting as much as you could to telehealth. That becomes a byproduct of the money that's invested in broadband and 5G. And then the question is, are you measuring this correctly? And are you doing what you need to do to make this work? And the case of telehealth, of course, is a licensing problem: being able to get healthcare connections in a state that's different than yours isn't always the easiest thing.Some people who listen to this will say, “That economist is being flippant about job loss. This is another job-killing technology.”I think what you want to think about is that we have not seen any evidence of job killing at all. Let's go to the autonomous vehicle and the truck drivers. Your autonomous truck is going to have to be kept in really good repair. It's going to have to be kept highly tuned, because it's out there by itself. If you want to do this, you want to run it all night. You're either going to have somebody sleeping in the cab or you actually have to have something that is kept in as good repair as the average airplane is. Which is really a lot. And so you're talking about having a very large repair force, and you're shifting truck drivers from a dangerous job to a less dangerous job that is better paid.You also might need more road maintenance people. If you imagine a future where you'll have cars driving 80 miles an hour, six inches apart from each other, you better not have too many potholes.That's exactly right.Some people don't want to switch jobs, though.I think that's important for us to respect. But I also think people like their lifestyles and they don't want to necessarily switch from a job that is partly physical to a job that's all nonphysical. What the e-commerce example tells us is that we can actually produce a lot of jobs that are of varying types, that are technologically enabled. What the telehealth tells us is that we have a lot of telehealth maintenance people that we didn't have before that are very practical. I think that if we stay on the track that we are, I'm not scared of [inflation]. I find it really weird when people say, “We produced too many jobs this month in the job report, because we're scared of inflation.” You shouldn't be scared of inflation. You should be scared of low productivity. Jobs are good. Productivity is good.The future of productivityI like both. When we look back on this decade from 2030 or maybe 2035, will we say, “That was a high-productivity gain where we sort of stepped up,” or we still be having this conversation of “What do we need to do to boost productivity growth?”I'm going to take a step back here. I think we're going to discover that a lot more people are being kept out of the labor force by long COVID than we think right now, and that we're going to be running into labor shortages. And as we run into labor shortages, there is going to be incentive for companies to invest in technology in a way that they didn't do before. We are going to start seeing real growth and productivity as investments in technology spread from the digital sector and in a few other sectors into the rest of the economy. And we'll circle back around to healthcare. What we want from healthcare…Look at those capital investment numbers.If you look at capital investment over the last 10 years, it's been running at about half the rate as it was in the previous 10 years. Not just in the US, but in Europe—not in China, though. That's really what the big distinction is. China did not have the capital investment slowdown that the developed world had. We need investment in technology. We need a willingness to change. We need investment, not just in information technology, but in the biosciences. And that we need a regulatory structure that is flexible enough to adjust to this.What's your best guess? I've brought this up several times in this podcast: Erik Brynjolfsson and Robert Gordon, the economists, have a public bet about productivity growth.In the end, I've got to go with Erik. Erik has been excessively sanguine up to this point. I think the numbers have, up to this point, leaned in favor of overestimating productivity growth. But I do think that coming out of this pandemic the combination of information technology and biosciences and whatever more investment we do in materials sciences, is going to be extremely important.Investing in bioscience and materials scienceI understand how IT might affect productivity growth. How would the biosciences? Because we would be healthier and work longer?That is one thing. Another thing has to do with agriculture. And related to that, energy.I know [CRISPR pioneer] Jennifer Doudna has an agricultural startup.The agricultural stuff is really important at this point, because if we're moving into a period of changing climate and we're moving into a period where food and water supplies are really important, then anything we can do to increase the productivity of the agriculture sector and also its ability to adjust quickly is just really important. The fact is that we collectively as a global economy have survived the worst pandemic in 100 years, basically without touching the growth rate of the economy. I mean, it touched it, whatever it did, but mainly we kept going. And the reason why we kept going is that we had invested so much in biosciences, especially in the US. We had the technology on the shelf that we needed fully operational. We could say, “Well, it doesn't do exactly what we wanted to do.” That's not important. It was there, it was ready to the degree that people were willing to roll it out.I think what we're going to find is that we're going to have a lot of other challenges that come up for which having a strong biosciences capacity is absolutely essential. Information technology is great, but it doesn't cover the full range of innovations. The place where we're missing is materials sciences. Other countries have spent more on materials sciences than we have. If you go back to your question about industrial policy, I would say that the main thing that we have to do is actually with semiconductors because semiconductors is basically about materials sciences, is more investment in materials sciences.The old nanotechnology initiative, despite that people had thought this was going to create tiny machines that built things, it was basically materials sciences.It was basically materials science. Once again, that's something that we spent some money on, then we stopped spending money on it. It's still lurking out there as a possibility we may have. There may be stuff on the shelf right now that we can reach out for when we need it. The glass on smartphones was originally a Corning glass that they had made.They didn't know what they could do with it.It was not good. They had designed it to be shatter-proof auto windows. And it was just bad for that. But it was in their drawer. And the thing about Corning, of course, is that they had such continuity in their research capabilities they actually remembered it. I'm on the plus side of this. I think that I'm of the school of, the future happens slowly then all at once.It's also how we go bankrupt.Let me tell you a little bit about my theory about innovation, both positive and negative black swans. We have very little ability to predict technology. We have very little ability to predict what the problems we're going to face are. What we do have is the ability that when we have something bad happen, can we ameliorate the negative consequences? And when we come up with a positive, good surprise, can we take advantage of that? We had a big negative happen with the pandemic and we managed to deal with it. The question is, can we take advantage of new technologies to push things forward, or are they going to languish on the shelf? And that's really the answer to your question: chop off the bottoms of the down rungs, boost the top rungs and the overall growth is higher.Policy for societal resilienceWhat you've also described there is kind of a societal resilience, the ability to do that. Since I work at a think tank, you work at a think tank, what is the five-point policy plan there?Let's actually just go back to manufacturing, because that's the one that I've thought about the most. In the broader sense, in terms of regulating technology, don't destroy the goose that is laying the golden egg. You can regulate it and you should regulate it. If you see the things that are wrong, if you have definitive things that you think are wrong and you can say, “Don't do that. We can punish you.” And then you can sort of judge for yourself whether or not people have followed that or not. If companies are doing well, encourage them to expand. Encourage them to expand because that's the best way to make sure that the higher productivity is in more places of the economy rather than fewer. In terms of manufacturing, which is so crucial, make sure that the technology is available at a local level for anybody to use so that they have a chance to experiment with it. The problem is we don't have enough experimentation going on.How does government do that?On the state level, you can imagine setting up centers that anybody could come into and use the latest—not a consumer model 3D printer, but the latest production model one, or have access to the latest-model robot, not an older one—and be able to say, “What could you do with this that is different?” Because you want to be able to throw smart people at the technology. One of the great things about information technology, the personal computer, is that it was available to everybody.What you've described almost reminds me of a World's Fair, where technology can be presented to people and they can interact with it.We haven't had a World's Fair in a long time, have we?We've covered this topic in the newsletter. What you're describing is maybe kind of World's Fair, but for small business.You can imagine that, with spinoffs for it. I'm not talking about industrial policy in the classic sense. There are a lot of technologies that are out there that don't have enough people working with them, that don't have enough financing available at the entrepreneurial level that we want to be able to make sure that they have available to them because then we'll have the creativity that we need to move to the next stage. But having said that, I'm feeling more positive going forward. In the next 10 years, I'm not going to put a number on productivity growth because I'm really getting more and more doubtful of our ability to measure it…If you did, remember: a number and a date, but not both. That's the classic stock market strategist.As you know, Jim, I've been at this a long time. What I usually forecast is big ups and downs, with the ups being bigger than the downs. How could that be wrong? This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit fasterplease.substack.com/subscribe

Technology and e-commerce companies have a reputation for being drivers of creative destruction, sometimes at great cost to local communities. Economic nostalgia tells us to lament those jobs and fear the changes that come with technological progress. But it's worth remembering that tech companies are also a major source of high-wage job growth in the US economy. On this episode of Faster, Please! — The Podcast, I'm joined by Michael Mandel to consider the role of tech companies in the American economy.Michael is vice president and chief economist at the Progressive Policy Institute. He's also the author of "Investment Heroes 2022: Fighting Inflation with Capital Investment," co-authored with Jordan Shapiro.In This Episode:* Tech sector job growth (1:23)* How technology affects the labor market (6:08)* Job-replacing tech vs. job-creating tech (10:46)* Encouraging the digitization of US manufacturing (15:00)* America's tech firms: investment heroes (18:34)Below is an edited transcript of our conversation.Tech sector job growthJames Pethokoukis: Last year you said, “We've seen in recent years [that] the tech/broadband/e-commerce sector has been the main source of job growth in the economy.” Do you think this is a widely understood fact either among the public or among policymakers here in Washington?Michael Mandel: That's such an excellent question. No, it's not a widely understood fact. I've just calculated the latest numbers, and if you look at full-time equivalents, all of the job growth since the pandemic started has been in what I call now the “tech/e-commerce” sector. And the rest of the economy and job growth has been much, much weaker.Is this purely a pandemic-era phenomenon, or do you expect it to continue to happen?It was happening before the pandemic. It is going to continue after the pandemic, too. I think what we've learned in the past is that whichever sectors grow during a recession tend to lead the next recovery as well. The fact that we've had all this growth in the tech/broadbrand/e-commerce sector during the pandemic suggests that's going to be the job leader going forward as well. The Bureau of Labor Statistics has just released its occupational projections for the next 10 years. I haven't had a chance to look through them yet. I suspect that they will understate the future job impact of the tech/broadband/e-commerce sector as they have in the past.Is that an accurate forecast that they put out?It is about as accurate as just extending long-term trends. In terms of looking forward [at] telecom-related jobs or app-economy jobs or computer-related jobs, it has consistently under projected. They actually make no real claims. They don't say it's a forecast. They say it's a projection. Probably, if you ask them privately, they would tell you they really don't want to do it. But it's really widely read.The part of that sector I think people might be surprised by is e-commerce. I'm guessing that a lot of people view e-commerce as a jobs killer: It's replacing all the people who work at in-person stores with kiosks. Is that your perception? That is wrong, though.That is my perception, and that is wrong. The way that I think about e-commerce is it doesn't pull jobs out of brick-and-mortar retail. It actually pulls hours out of the household sector. So what happened is that people used to put an enormous amount of hours into driving to stores, parking, walking around, and standing on line, and so forth. And if you look at the data that comes out of the Bureau of Labor Statistics on the American Time Use Survey, you see a really sharp drop in the number of hours that people spend shopping for goods. It's gone down by about 20 percent over the last 15 years. And it dropped about 10 percent just over the course of the pandemic. All of these hours, which is an enormous number of unpaid household hours, are being moved into the paid market sector. Instead of you going into a store and picking out the stuff yourself, somebody else is doing this using robots in an e-commerce fulfillment center. And instead of you driving to the store by yourself and spending all that time parking, somebody else is putting the stuff in a big truck and delivering it to you, using more capital, doing it more efficiently. There's been a very sharp drop in the number of hours that households are spending on shopping, which (A) creates a lot of jobs in the market sector, (B) really distorts the productivity numbers, and (C) leads us to misunderstand the sources of growth in the economy: what the effect of productivity is, what the effect of technology is.I know you and I have talked about this in the past, for many years we used to wonder, when was technology going to start generating jobs for the ordinary person? And that's what e-commerce has done: generate tech-enabled jobs in e-commerce fulfillment centers, in the entire supply chain, that pay better than the old retailing jobs, that pay a lot better than the non-paid jobs in the household sector where people used to spend this. You're creating a lot of income that wasn't in the economy before.How technology affects the labor marketPeople don't think about those warehouse fulfillment center jobs. If they do, they probably think they pay worse than they actually do. And they probably underestimate how many there are and figure it's just all robots or something.I think we've managed to break the “all robot” canard, because what we've seen here is that the ability to put robots into the fulfillment centers has lowered the cost of doing e-commerce so much that it's actually made it open to all consumers for everything, basically. There are no restrictions on it. You're producing enough surplus that you can actually do returns correctly. There's a big economic surplus being generated by the automation of the fulfillment centers that enables us to hire a lot more workers.That's a classic case of technology affecting the labor market, right?If you look back historically, this is very much the same sort of thing that happened with Henry Ford and the assembly line, which is that you think that when you have an assembly line, your adding productivity that's going to reduce the number of jobs. But it lowered the cost of cars so much that all of the sudden the ordinary person was able to buy them. That created a lot more demand for workers. And if you think about, why were people buying cars as opposed to just using horses? It's a time thing. The thing that's in most scarcity for households is time, because they can't create more of it. Anything that saves people time, they're going to be willing to pay a lot for. In that one case, this was the automobile creating jobs. In this case, it's less shopping time creating jobs in e-commerce fulfillment and delivery.If you've never been in one of those fulfillment centers, there was a wonderful movie Nomadland that starred Frances McDorman, and she would work during the busy season at an Amazon fulfillment center. It did not seem like a miserable job, but it seemed like a busy job.It's a busy job. I think about these as the equivalent of manufacturing jobs for the technological age. They're mixed physical-cognitive jobs, just the way that assembly line jobs were mixed. They actually required some skill, and at the same time they required manual labor. They pay about the same as entry-level manufacturing jobs. In many areas of the country they are in fact becoming the substitute entry-level job that manufacturing once was. If you look at the data for occupational health, they're kind of where they should be. They're physical jobs, you can't deny that. Which actually kind of gives a lot of people problems because they think, “Well, what is an ideal job? Is an ideal job an office job?” It turns out for a lot of people, it's not. It's something that involves some measure of physical labor, too. Let me give you a number here: Since July 2019, the tech/broadband/e-commerce sector has produced about 1.3 million jobs out of a total of 2.2 million for the economy as a whole. And that's pretty amazing. That's more than a majority and much more than healthcare and social assistance, which should be your next question: What's going to happen to healthcare jobs with automation?What's going to happen to healthcare jobs?If you think about the shift to telehealth during the pandemic, people are realizing that there are less expensive ways of doing what they were doing before. Better ways of communication. One of the biggest phenomena I think we're going to see going forward is that the long healthcare job boom may be over. We may actually end up with a surplus of healthcare workers. Rather than retraining manufacturing workers to go into healthcare, we may be retraining healthcare workers to go into technology.Job-replacing tech vs. job-creating techOn that issue, I know there's been some research by Daron Acemoğlu about how technology is affecting the modern job market. Are we producing the kind of innovation and automation that replaces jobs? Are we producing the kind that creates new things for people to do? Are we creating the kind that helps people do their jobs better?I think there's some concern that we've produced too much of the job replacing rather than the job creating/enabling.We're going to have both types. We haven't actually had any of the job replacing yet—at least not in the measure that people were worried about. Remember, we were worried about all the losses of jobs for truck drivers from autonomous trucks. Instead, we have shortages of truck drivers.I was told there'd be riots.If you look back historically, you see that some technologies generate jobs and some technologies replace jobs. I think what we've seen, which we hadn't seen before in the e-commerce sphere, is we know this is a case where we've created new jobs. If you actually add together e-commerce jobs and the brick-and-mortar retail jobs, what you see is that there has been a 650,000 job increase since the beginning of the pandemic in the combined retail/e-commerce sector. There's a net job increase from technology here. And there's a wage increase because the e-commerce jobs pay about 30 percent more than brick-and-mortar retail.And they are more diverse, which is really interesting. Diverse racially and diverse ethnically. People usually think of retailing being poor people of color. But in fact, you look see that there's a lot of discrimination in brick-and-mortar retail. I think, in the end, the retail sector broadly extended, including e-commerce, is going to be a net job gainer from technology. The real interesting question is going to be, what's happening to manufacturing? I'm watching this very closely. Of course, we've lost a lot of manufacturing jobs.We still make a lot of things, though.We make a lot of things, but the non-high tech manufacturing capacity peaked in 2000 and has been coming down since then. The actual size, however you want to measure the manufacturing sector in the US, has actually been shrinking. What we need to be able to do is adopt more advanced manufacturing techniques, more automation, more digitization: drive down the cost of making goods, drive it down in a way that starts increasing the ability of people to buy them, increasing the capacity, and increasing the jobs associated with them. This kind of goes to your question about, is it job replacing or job creating? What happened was that people got scared. We've been replacing manufacturing jobs with technology up to now, but there's nothing that says that has to keep going that way.I actually think that's really a crucial question for the US economy going forward: Are we going to actually invest in manufacturing digitization, not just on large scale but on a small scale as well, on entrepreneurs? One of the things that I watch really closely is this new census data on business formations. You don't see the business formation growth. You see a lot of business formation growth across the economy, but not manufacturing yet. That's going to be a crucial turning point for the economy.Encouraging the digitization of US manufacturingHow do we make that happen, that will have manufacturing here in the US using the latest technology, robotics or what have you?One of the things we have to realize is that our small businesses are still cash poor and credit poor. And they also don't have access to the latest technology. The way that I think about this is if you go back to the auto industry and auto dealer franchises, which created a lot of wealth on the local level. We have to think about manufacturing franchises on the local level where the technology is prepackaged, where people start small businesses and do a lot of creation and production on the local level, in a lot of different places. There may be some signs that could be happening; there may be some signs that it isn't. But this would be one of the big turning points for the US economy in terms of moving towards a really strong, sustainable future.You're not just talking about big companies with big factories, you're talking about far smaller companies able to use the latest technology: an off-the-shelf robot or something who could do things. Is the technology almost there? Is there a role for government? Do we just need the technology to keep progressing? What's the key?We need the technology to keep progressing, but it's almost there. The real question is financing for small entrepreneurs and exposure to the technology.They're just unaware that this is out there?They're just unaware. They have to be able to experiment with it. Right now the small manufacturers are scared.Who is a small manufacturer? What do small manufacturers manufacture in this country?There are far more small job shops out there than you might think, and there's potential for far more than you might think to grow up. For example, suppose you had an old appliance that was missing a part. In theory, there's no problem producing that part with 3D manufacturing or some other technology, if you had the plans for it. And if you had that set up. What you have right now is manufacturing networks so you could contact a manufacturing network company and give them your plan and they would find a job shop around the country that could do that. You could set up a manufacturing operation tomorrow. A lot of this is not difficult. There are some areas that are more difficult. The art of automating a lot of apparel manufacture is still not all there. It's getting there, too. You've got apparel manufacturing, small tools, small objects. You should be able to have the ability to make customized furniture much cheaper than you do. You go through the different lists of things. It becomes harder the more complicated that things get, but things that are really simple should be able to be manufactured with these new technologies in ways that are less costly and more customized.America's tech firms: investment heroesEvery year, you folks at PPI put out an Investment Heroes report showing who are the companies really investing. A lot of very well-known tech companies. Not just tech companies on that list, but there are a lot of tech companies. If technology companies are creating a lot of jobs, if they're investing a lot, why do they seem to be so wildly unpopular here in Washington?Let's actually say some more of the good things they do as well. They also pay their workers well. They did not participate in the inflationary surge. Inflation in the digital sector was accelerated a little bit, but much less than the rest of the economy, which is what you would expect if you had high productivity growth. I think that when push comes to shove, people just don't like “big.” Big worries them. If you compare these companies to the big manufacturing companies in the past, if you compare them size-wise to the global economy, they're about the same size, relatively speaking. They're not out of scale. But what happens is that there's a regulatory push. And that's only natural.When you're regulating, you want to avoid throwing out the baby with the bath water. As you know, at PPI we believe in light-touch regulation. We think that regulation is an important part of a market economy, but you really want to make sure you don't go overboard with it. In this case, I think about regulating large tech companies as the big bear theory: If you're sleeping in a bed with a big bear and it rolls over, it's going to crush you, whether it wants to or not. So you have to distract the big bear with a stick every once in a while to keep it alert and say, “No, don't roll over.” What is true if you look historically at the way productivity growth spreads, productivity growth doesn't spread from technology moving from big companies to small companies, or from highly productive companies to less productive companies. It comes because the highly productive companies expand their share of the market. They are good at doing productivity and they expand. That's kind of where we are in this process. The highly productive companies look around and they see other areas of the economy that they think they know how to fix. They see a market opportunity and historically that's what usually happens. What we're seeing now from my perspective, as long as it doesn't go overboard… which some of the bills in Congress did. Some of the bills in Congress made no sense whatsoever. You want to have a kind of push and pull, which is that these companies are highly productive, great for workers, great for consumers, great for suppliers. And so you want to see them expand and you want to see them take cognizance of some of the side effects of what they're doing.Thanks for listening to part one of my two-part interview with Michael Mandel. Next time, we'll discuss US productivity growth, industrial policy, and more. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit fasterplease.substack.com/subscribe

What's going on with the tech antitrust bill being debated in the Senate?  PPI's Michael Mandel and Malena Dailey join the show to discuss tech platforms, the consumer welfare standard, all things antitrust.  Does Big Tech need to be more regulated, and if so how? are there other industries more deserving of antitrust enforcement? Read Michael and Malena's work:  https://www.progressivepolicy.org/pressrelease/new-research-from-ppi-shows-harmful-impact-of-the-klobuchar-grassley-antitrust-bill-to-american-consumers-and-competition/   To make sure you hear every episode, join our Patreon at https://www.patreon.com/neoliberalproject. Patrons get access to exclusive bonus episodes, our sticker-of-the-month club, and our insider Slack.  Become a supporter today! Got questions for the Neoliberal Podcast?  Send them to mailbag@neoliberalproject.org Follow us at: https://twitter.com/ne0liberal https://www.instagram.com/neoliberalproject/ https://www.facebook.com/groups/1930401007051265/   Join a local chapter at https://neoliberalproject.org/join

The Progressive Policy Institute's Innovation Frontier Project released a comprehensive research deck on the threats facing American innovation. The authors of the deck, innovation experts Ashish Arora and Sharon Belenzon of Duke University, found the United States has lost a substantial amount of corporate research since the 1980s, with only a handful of present-day U.S.-based companies investing in research at a meaningful level. The deck also lays out clear political implications for lawmakers. The Biden Administration's top strategic economic priorities are based on a foundation of strong U.S. competitiveness and innovation, yet Congress's percolating anti-tech antitrust legislation would undermine these priorities by impairing the ability of America's few leading R&D performers to develop new products and enter new markets. The restrictions on these companies will reduce our national investment in R&D and hurt American economic prosperity and national security. Jack Karsten, Managing Director of the Innovation Frontier Project, and Michael Mandel, Vice President and Chief Economic Strategist at PPI break down the deck's research and discuss how antitrust legislation in Congress would devastate American technological leadership and innovation. Check out the research deck here: https://innovationfrontier.org/american-innovation-under-threat/ Learn more about the Progressive Policy Institute here: https://www.progressivepolicy.org/

This week, Chief Economic Strategist at PPI, Michael Mandel, and Senior Fellow at AEI, Shane Tews, sit down to discuss the current antitrust legislation in Congress and how it will affect everyday consumers. What happens to Amazon Basics? And what about Kirkland products? Is breaking up big tech really what consumers are concerned about? Today's episode is moderated by Jeremiah Johnson, Director of the Center for New Liberalism. Learn more about the Center for New Liberalism here: https://www.progressivepolicy.org/project/the-center-for-new-liberalism/ Learn more about the Progressive Policy Institute here: https://www.progressivepolicy.org

On this week's Radically Pragmatic Podcast, Dr. Michael Mandel, Chief Economic Strategist at the Progressive Policy Institute (PPI), sits down with Representative Bill Foster (IL-11), to discuss artificial intelligence (AI) and the future of work. Dr. Mandel and Representative Foster discuss the diffusion of technological innovations for individual consumers and small businesses, the role of government in privacy, and the work Congress is doing to advance pro-growth policies that will help spur innovation. In particular, they underscored the urgent need to help small businesses adopt AI and meet the numerous challenges they face. Learn more about the Progressive Policy Institute here: https://progressivepolicy.org/

Michael Mandel, CEO and co-founder of Compstak talks about building his MVP, meeting his co-founder, and building the company from 0-30,000 MRR. Listen for valuable lessons. Compstak is a marketplace that is based on a crowd-sourced framework. Users can leverage the framework to find hard to get data. Michael Mandel, the co-founder, and CEO of this marketplace, talks to Geordie about his journey.  What You'll Learn Who is the ideal Compstak customer? What data does Compstak offer? How Compstak members earn Where do Compstak members get data, and how do they submit it? Importance of granular information Importance of having a technical expert What does credit mean, and how does it benefit Compstak members? Comparison between getting funding and bootstrapping In this Episode The real estate industry is broad, and sometimes finding detailed data can be a difficult task. Compstak, a real estate data company, promises to give you ample experience by providing comprehensive data you would otherwise have difficulties finding. Michael says they collaborate with approximately 30,000 commercial real estate appraisers, brokers, and research experts who share on the Compstak platform. What information do these experts share? Listen to the podcast to find out.  As the team of professionals shares data on the Compstak platform, they give Michael and his team a comprehensive database comprising all deals in the market. Compstak then sells subscription access to allow their clients access to the data. According to Michael, the company is popularly known for its lease comps, and he explains what these are. Get details from the podcast.  Michael says sharing unique, recent, and comprehensive data on Compstak earns clients attractive credits. If they (clients) want to retrieve the data, they can leverage their credits to do so. Listen to the podcast for more insights on how this approach works. 50% of people who give Michael and his team data are brokers, while the remaining 50% are people working in real estate brokerage firms. Compstak members can use a wide range of methods to submit data, which Michael talks about in the podcast. The team has also devised software to ease the process of uploading data while making it as efficient as possible.  Michael's stint as a commercial real estate worker gave him massive experience which played a major role in founding Compstak. He says their mode of operation was inefficient and that pushed him into devising an easy to use and more effective platform. Michael gives a detailed explanation of how clients leverage their data to achieve results. Listen to the podcast and learn.  Compstak has evolved over the years and Michael says they have learned the importance of leveraging crowdsourcing to collect data. He mentions another crucial crowdsourcing lesson, which you can figure out from the podcast. Michael's co-founder who is also the technical expert was working for Compstak full time before Michael joined him even though the company was inexistent then. He (Michael) mentions the process he went through before finally getting a technical person he could partner with. Get the details from this podcast. According to Michael, collaborating with a technical expert is critical, especially if you do not have the technical know-how. He supports his sentiments with an example, which you cannot afford to miss. Starting and building a company can be a tedious and time-consuming process. Michael explains how his initial days looked like as he sought data from every broker he knew. Every startup entrepreneur needs to listen to this part of the podcast. Earning your first customer is not a walk in the park. After launching Compstak in January 2012, it was not until nearly 10 months later that Michael and his team got their first paying client. How did Michael and his team come up with the pricing? While Michael does not remember the details, he says they researched around to determine what their competitors were charging.  Raising money to fund the business was not an easy process. After a year of trying to figure out how to raise money, Michael and his team got angel investors before working with micro venture capitalists. At some point Michael joined the 500 startups accelerator which he admits was a great experience. Listen to the podcast for more details on the accelerator experience. Collaborating with big companies can be both a good and a bad idea. Michael talks about his experience working with a big company. Listen to the podcast for more insights. He also discusses a few mistakes they made along the way. This part is a must-listen for startups and already established entrepreneurs. Michael concludes the podcast by telling listeners to appreciate the small breaks as much as they do big ones.  Resources Michael Mandel LinkedIn Compstak.com Michael Mandel Twitter

For the last 10 years, the Progressive Policy Institute has released an annual Investment Heroes report which lays out the top companies of the year who invested the most in capital expenditures. With 2020 being a year like no other, PPI's Investment Heroes report looked unlike anything we have seen before and surprisingly, had a record broken for the biggest investment in the 10 years the report has been released. Listen to Michael Mandel, Chief Economic Strategist and author of the report, and Alec Stapp, Director of Technology, walk listeners through the report and what it means for the future of the American economy. Read the full 2021 Investment Heroes report here: https://bit.ly/3pLojmF Learn more about the Progressive Policy Institute here: https://progressivepolicy.org/

Michael Mandel and Sean Flynn discuss the impact of President Biden's $1.9 trillion fiscal stimulus package. 

Michael Mandel and Sean Flynn discuss the economics of developing the Covid vaccines.

Summary: Today the Propcast will be talking to Michael Mandel from CompStak about transparency in commercial real estate data.   The Propcast by Louisa Dickins, Co-Founder of LMRE the leading Global PropTech recruiter brought to you in partnership with UK PropTech Association, The UK PropTech Association is a membership organisation to drive the digital transformation of the property industry. This show will focus on connecting the Proptechs, real estate funds and VC's globally…and get everyone talking about innovation of the build to rent environment.   About Our Host Louisa Dickins https://www.linkedin.com/in/louisa-dickins-ab065392/?originalSubdomain=uk  Louisa started her career in property working at a well-known estate agency in London. Realising her people skills, she moved over to Lloyd May to pursue a career in recruitment. She now is a Director at LMRE, who are a specialist recruitment firm driven by PropTech and recruitment professionals, and Louisa oversees their 5 core areas. Louisa co-founded LMRE and provides a constructive recruitment platform to the new disruptors in real estate. Louisa is also on the board of Directors at UK PropTech Association (UKPA).   About LMRE LMRE believe there is a better way to recruit. LMRE focus on a more comprehensive, client led focus delivering exceptional talent to the right place at the right time. They are passionate about the industry and passionate about people's careers. LMRE spend time with each client to become and an extension of the business, and their transparency and core values help them grow with the sector. LMRE simplify recruitment and innovate with our clients and evolve the people driven, PropTech community.   About Our Guest Michael Mandel https://www.linkedin.com/in/mmandel/  Michael is the Co-Founder & CEO of CompStak, a marketplace for commercial real estate information. CompStak uses a crowd-sourced model to gather real information that is hard to find, difficult to compile or otherwise unavailable. Our first product is a marketplace for the exchange of commercial lease comparables. Users add the comps they have to find the comps they need. CompStak was born out of Michael's experience as a commercial leasing broker in Manhattan. He has been recognized for his success as Grubb & Ellis' National Rookie of the Year in 2007 and Real Estate New York's 30 under 30 in 2008. CompStak has been featured in The Wall Street Journal, The Real Deal, Forbes, Bloomberg, AG Beat and more.   Resources mentioned LMRE website www.lmre.co.uk UKPA website www.ukpa.com Compstak website www.compstak.com Michaels email michael@compstak.com    Insights from this Episode   Data in its most granular, basic form has been used in the industry forever – Michael Mandel The idea behind CompStak was simply to move that that trading of information from offline to online – Michael Mandel It was years before we started entertaining partnership opportunities, the reality is that you need to be focused on your core business early on – Michael Mandel It becomes like a virtuous cycle where more data leads to more insight, and then continues to make it more important in the industry – Michael Mandel You need to get the fundamentals right before you start looking at those data on the fringe – Michael Mandel   Subscribe Apple | Google | Spotify | Stitcher | iHeart   A Podcast Company -  is the leading podcast production company for brands, organizations, institutions, individuals, and entrepreneurs. Our team sets you up with the right equipment, training, and guidance to ensure you sound amazing. - https://www.apodcastcompany.com and www.podcastsyndicator.com

As US industries turn to next-generation technology for real-time data flows and automation, demand for 5G equipment has fueled a wave of new job opportunities. What best practices can government and industry undertake to help this trend to endure? What spectrum management and regulatory policies will maximize 5G's potential to create jobs? On this episode, https://www.aei.org/profile/shane-tews/ (Shane) speaks with https://www.progressivepolicy.org/people/michael-mandel/ (Michael Mandel), Chief Economic Strategist at the https://www.progressivepolicy.org/ (Progressive Policy Institute) (PPI), and https://www.linkedin.com/in/sal-ditri/ (Sal D'Itri), Chairman of the https://www.nationalspectrumconsortium.org/ (National Spectrum Consortium) and Vice President and General Manager, Public Sector for https://www.federatedwireless.com/ (Federated Wireless). Together, Sal, Michael, and Shane discuss a PPI report Michael recently co-authored for the National Spectrum Consortium called, “https://www.nationalspectrumconsortium.org/wp-content/uploads/2020/09/PPI_The-Third-Wave-5G_Portrait_Final.pdf (The Third Wave: How 5G Will Drive Job Growth Over the Next Fifteen Years),” which gives government and industry a roadmap for building 5G networks and creating jobs in the process. 

We welcome Michael Mandel, Co-Founder and CEO of CompStak, a nationwide provider of crowdsourced commercial real estate lease and sales comp data. We discuss the impact of COVID-19 on the CRE tech industry, analyzing lease comps, slower deal velocity, and winners and losers post-pandemic. Episode Notes: Integrating Trepp and CompStak data (1:50) Impacts of slower deal velocity (6:48) The demand for data in CRE tech (9:20) Facebook’s Penn Station area lease (13:15) Analyzing office tenant risk (18:02) Winners and losers post-pandemic (20:44) Where is the CRE tech sector heading? (23:01) Questions or comments? Contact us at podcast@trepp.com

Michael Mandel and Sean Flynn discuss the link between the Covid Recession and the stock market. What do the ups and downs of the market mean for the economy and the ordinary person?

Michael Mandel talks with Michael Baye and Jeff Prince, authors of Managerial Economics & Business Strategy, about price discrimination in the Covid Economy.

We've been hearing about 5G telecommunications for so long, you'd think it's everywhere. It is and it isn't. But eventually it'll be up and running. And now's the time agencies ought to be planning for how to both foster and use this technology. Joining the Federal Drive with more, Progressive Policy Institute economist Michael Mandel, and vice chair of the National Spectrum Consortium, Randy Clark.

Michael Mandel and Sean Flynn explain Fed Chairman Jerome Powell's big speech on New Economic Challenges and the Fed's Monetary Policy Review (August 27, 2020). They discuss the Fed's new approach to inflation and monetary policy, and how it matters to economics students.

The Covid pandemic caused some of the fastest, biggest shifts of supply and demand curves in history. Textbook authors Michael Mandel and Sean Flynn explains what it all means

Bitcoin and other "cryptocurrencies" are getting a lot of attention these days. Will central banks like the Federal Reserve adopt their own digital currencies?Michael Mandel interviews Steve Cecchetti and Kermit Schoenholtz, authors of the textbook, Money, Banking and Financial Markets, about the plusses and minuses of central bank digital currencies. They explain the economics central bank digital currencies, and why they are a bad idea for most countries.

Textbook authors Michael Mandel and Sean Flynn explain the July 2020 Gross Domestic Product (GDP) report, and what it means for the economy and for economics students.

Economic textbook authors Michael Mandel and Sean Flynn discuss how restaurants, casinos and other businesses are making shutdown decisions during the pandemic.

About this nugget: This nugget was pulled from episode 264 from an interview with Michael Mandel,  Cofounder & CEO of Compstak. This nugget is on Building a data startup VS SaaS.  What is a nugget of the week?:  The host John Siracusa has recorded over 300 episodes as the host of the Bank On It fintech podcast where he interviews founders building the future of fintech and the VCS/Angels who fund them.  With each interview there’s this wow moment when the person interviewed has shared something really special, unique or a reminder on how founders or investors should think. So, here we are delivering those moments to you in the form of a bite sized nugget. About Michael Mandel:  Michael is Co-Founder & CEO of CompStak, a platform for crowdsourcing commercial real estate information.  A 500 Startups alum, he has been named 30 Under 30 in Real Estate New York and National Rookie of the Year by Grubb & Ellis.  About the host: John, is the host of the ‘Bank On It’ podcast recorded onsite in Wall Street at OpenFin.   He's also the founder of the remotely recorded, studio quality standardized audio production system called ListenDeck. As a  fintech, VC, financial services industry enthusiast and connector. He’s in the center of the fintech ecosystem, keeping current with the ever-innovating industry.  Stay in the fintech know by subscribing to ‘Bank On It’, Follow John on LinkedIn, Twitter, Medium

Alex Propes chats with Michael Mandel of the Progressive Policy Institute and Wharton Business School about why the share of GDP going to advertising in media has dropped by roughly 25% and what implications this has for regulators. Read Michael's report on the declining price of advertising: www.progressivepolicy.org/issues/government-reform/the-declining-price-of-advertising-policy-implications-2/ See acast.com/privacy for privacy and opt-out information.

St. Mary pharmacist Michael Mandel explains the inner workings of a new drug donation program offered through St. Clare Pharmacy at St. Mary. Qualifying recipients have access to medications for common conditions – such as diabetes, high blood pressure and others – for free.

In cerca di soluzioni radicali. "Questo sarà un periodo doloroso, brutto e tragico, ma vedo anche un'opportunità per un boom di investimenti di capitale, digitalizzazione e imprenditorialità, i benefici della crescita guidata dalla tecnologia si diffonderanno più ampiamente, ma alcune persone rimarranno indietro, e la necessità di una rete di sicurezza sociale diventerà molto più rilevante" riassume così la crisi l’economista Michael Mandel, in un lungo editoriale di Bloomberg. Nuove batterie in arrivo. Tesla prevede di introdurre un nuovo tipo di batteria a basso costo e a lunga durata nella sua berlina modello 3 in Cina nel corso di quest'anno. La batteria porterà il prezzo dei veicoli elettrici in linea con i modelli a benzina. Durerà un milione di chilometri di utilizzo. Test di massa a Whuan. Le autorità cinesi testeranno gli 11 milioni di abitanti della città, in 10 giorni, per evitare una seconda ondata di Covid-19. Ancora non sono chiare le modalità per una prova senza precedenti in breve tempo, ma è possibile che si tratti di una manovra per dimostrare la volontà del Paese di controllare l'epidemia a qualsiasi costo.

In an attempt to learn more about how successful business and real estate professionals think; I ask every guest of the show my 5 Key Questions. These questions are meant to give you, the listener, a glimpse at what makes a successful real estate professional tick on both a personal and business level. This round of 5 Key Questions is answered by yesterday's guest, Michael Mandel, I hope you enjoy it.

Michael’s Background:Former commercial broker in NYCFounder/CEO of CompstakIn this episode we cover:How Compstak was bornWhat makes a good comp or a bad oneHow different sources from comps (excel, email, paper) can be an indicator of the value of your compNarrowing down your criteria when searching to remove the noiseMarkets, submarkets, and how much they matterConnect with Michael:https://compstak.com/Connect with Dave:https://www.lvare.com/dave.morgia@longviewacquisitions.com

In the interview, we speak with Michael Mandel Cofounder & CEO CompStak. Michael has a fascinating humble story. In this interview, nothing was left off the table and we discuss how he built his startup, the emotional pains and what it means to build a successful organization. It was a real treat to interview him I hope you enjoy! Dont forget to subscribe! Video: https://www.youtube.com/watch?v=sNtwzg64yj8 Michael: LinkedIn: https://www.linkedin.com/in/mmandel/ Compstak: https://compstak.com/ Ephraim Yarmak: LinkedIn: https://www.linkedin.com/in/ephraimyarmak/ Twitter: https://twitter.com/ephraimyarmak

Every week the show host John Siracusa talks with impressive fintech leaders and entrepreneurs, through conversation uncovers the remarkable stories behind them, their creations and the most important topics in fintech. You can subscribe to this podcast and stay up to date on all the stories here on iTunes, Google Play, Stitcher, Spotify and iHeartRadio. In this episode the host John Siracusa chats with Michael Mandel, co-founder and CEO of Compstak.  CompStak, employs a crowdsourced model to gather commercial real estate information for investors, brokers, asset managers, and appraisers.   Tune in and Listen.   Subscribe now on iTunes, Google , Stitcher, Spotify and iHeartRadio to hear next Tuesday's episode with Christina Qi  from Domeyard.   About the host:   John is the host of the twice-weekly “Bank On It” podcast recorded onsite at offices of Carpenter Group, a creative services agency focused on the financial services industry. He’s a highly sought after fintech, VC and financial services industry enthusiast and connector. He’s in the center of the fintech ecosystem, keeping current with the ever-innovating industry.

Every week the show host John Siracusa talks with impressive fintech leaders and entrepreneurs, through conversation uncovers the remarkable stories behind them, their creations and the most important topics in fintech. You can subscribe to this podcast and stay up to date on all the stories here on iTunes, Google Play, Stitcher, Spotify and iHeartRadio. In this episode the host John Siracusa chats with Jon Schlossberg, founder and CEO of Even.  Even.com is a financial service company that allows users to get paid on demand, budget instantly, and save automatically.  One of Even’s first customers was Walmart.   Tune in and Listen.   Subscribe now on iTunes, Google , Stitcher, Spotify and iHeartRadio to hear Thursday's episode with Michael Mandel  from Compstak.   About the host:   John is the host of the twice-weekly “Bank On It” podcast recorded onsite at offices of Carpenter Group, a creative services agency focused on the financial services industry. He’s a highly sought after fintech, VC and financial services industry enthusiast and connector. He’s in the center of the fintech ecosystem, keeping current with the ever-innovating industry.

Michael was in a position that required him to research comps for the company’s deals. He was having trouble finding relevant comps, so he started working on a solution. Enter his company, CompStak, they provide comps nationwide from brokers, appraisers, and research people in real estate brokerage firms to anyone who uses their platform. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “The way you differentiate yourself is through your creativity” - Michael Mandel Michael Mandel Real Estate Background: Co-Founder & CEO of CompStak, the nationwide provider of commercial real estate data and analysis Has provided 2 million comps on 700k properties totaling 10 billion leased SQ. FT. Based in NYC Say hi to him at Best Ever Book: If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit . We created this site just for passive investors to have a free resource providing the questions to ask and things to think through.

Senator Cory Gardner is trying to save his backside. AI and Robotics have been discovered in Colorado Springs. Wow! Chipotle messes up...……. again. (So what else is new?). One place you don't want to go if you need a hospital, Zuckerberg San Francisco General. ("Healthcare is the snake that will strangle the U.S. economy") FEMA hired contractors, raping the citizens of Puerto Rico and the U.S. taxpayer. AOC comes in for a mention. Appalachia Little Free Pantry is a touching story. Does you neighborhood need one? The Canadian Food Plan looks like a winner.  Robert Reich has a say in today's episode. Michael Mandel, economist at PPI, has a Cracker Jack way of creating new businesses. Only if we can get the right people behind his idea. 

In this episode of Manufacturing Matters Dr. Michael Mandel, chief economic strategist at the Progressive Policy Institute in Washington D.C. and senior fellow at the Mack Institute of Innovation Management at the Wharton School (UPenn) describes the dynamic and discusses the implications of the U.S. manufacturing sector’s evolution to a digitized production and distribution model.  In response to questions, Dr. Mandel explains the potentially favorable impacts of digitization for both customer interfacing and new product development.  Issues related to the workforce and to security are also discussed as is the role of all levels of government in the digitization transition. For more visit MFGTALKRADIO.COM

Hey everyone, in today’s episode I share the mic with Michael Mandel, the CEO of CompStak, a crowd-sourced real estate information site for real estate brokers to trade comps online. Tune in to hear how Michael went from commercial music production to commercial real estate brokerage, what they do to double their revenue each year, and the tactics that got them their first hundred customers. Click here for show notes and transcript Leave Some Feedback: What should I talk about next? Who should I interview? Please let me know on Twitter or in the comments below. Did you enjoy this episode? If so, leave a short review here. Subscribe to Growth Everywhere on iTunes. Get the non-iTunes RSS feed Connect with Eric Siu: Growth Everywhere Single Grain Twitter @EricSiu

According to economist Michael Mandel, not only is the economy adding more jobs thanks to the massive online retailers allegedly wreaking havoc across the United States, these new jobs actually pay more as well.  The post https://www.aei.org/multimedia/ep-120-they-myth-of-the-retail-apocalypse-political-economy-with-james-pethokoukis/ (Ep. 120: The myth of the retail apocalypse — Political Economy with James Pethokoukis) appeared first on https://www.aei.org (American Enterprise Institute - AEI).

We are excited to have Ryan Cox, Principal at Founders Grove Capital, a real estate investment and advisory firm dedicated to helping clients select and manage real estate investments that work for them. Ryan is responsible for helping clients select and manage real estate investments so they can build a more secure financial portfolio. Ryan hosts The Real Estate Innovators Podcast and he is a real faculty for drawing out some of the inside baseball elements of the real estate tech world. When he is not hosting his podcast, he is the CEO of Founders Grove Capital! Tune in as we talk about... Multifamily Real Estate Investor Real Estate Technology or PropTech Design in Commercial Real Estate Block Chain Platform and much more! Learn more about Ryan Cox on The Real Estate Innovators Podcast and Founders Grove Capital VO: You’re listening to Raising Your Antenna, with host Keith Zakheim. Keith: Welcome to Raising Your Antenna. And I’m your host, Keith Zakheim. Today, we have a guest, Ryan Cox that wears many hats. Being that this is a podcast, and many of you, like me are podcast addicts, let me give you Ryan’s podcast bona fides first. Ryan hosts a real estate innovators podcast, in which he interviews some of the bigger founders and influencers in the real estate tech/proptech market. I guess Ryan, one of the things we can kinda talk about is what we call this industry because I’m hearing a lot of names for it: proptech, real estate tech, other things. But anyway, Ryan’s podcast is a great listen. And he’s a real faculty for drawing out some of the inside baseball elements of the real estate tech world. That I think is great gold or father for investors and professionals in the real estate and the real estate technology space. So anyway, definitely give a listen. But, when he’s not hosting his podcast, Ryan is a CEO of Founders Grove Capital, where he himself is a super successful investor and advisor to investors. So Ryan, before we get going and kinda get into the nitty gritty of our conversation today, maybe give my audience some of your background, professional background. And also specifically, you know, why you do the podcast. You know, is that kind of a personal passion. And also, how it helps your business from a marketing perspective. So anyway, welcome aboard and, yeah, it’s to you. Ryan: Well, Keith. Thanks so much for having me on the show. Excited to talk about a little commercial real estate tech, a little about my business. So, my background is, you know, I really, primarily, my primary business is to focus on multi-family value-added opportunities. So, my core business is as real estate investor and working with investors to buy multi-family assets here in the state of Texas. The podcast, as you said, is developed, I guess, primarily, out of a passion and some curiosity. So, I found it to be, you know as an investor, a really great avenue on a weekly basis to really dig in to all of the, you know commercial real estate tech that is developing around us. And the podcast has given me an opportunity, you know, really, a calling card to knock on any door and talk to founders about their background and unique insight that they had in their background to lead them to found a commercial real estate tech company. And on the podcast, I’m really just able to, you know, dig in what their background is, what unique insight, talk about the solution, how it benefits and impacts their users. And then try to suss out, really, just their insights from their work, about how they see the overall real estate market and that changing, and the impact of commercial real estate tech. I think the big driver for before the podcast is, you know, number one is I’m an advocate for my investors. So, I feel like it’s a priority for me to really be able to have a broad view of all of the technology that is, really, just starting to make an impact. But, I believe in the next three to five years, would dramatically shift the way that a lot of business in real estate gets done. So, I wanna make sure that I’m not flat-footed and that I’m being an advocate for my investors and paying attention to all the real estate tech that is transforming how we do business. I think.. Keith: You know, I, you’ve, again, being a listener to I think your last two episodes. I think you do a great job of listening that kind of feedback, and getting really down to the founder’s course to both your entrepreneurial side as well as your passion. Specifically, of this CRE-tech space. So anyway, I enjoy and I encourage my listeners to download it, become a subscriber, and listen cause it’s really, it’s a great listen. So, let’s dive in and my first question Ryan is that you know, where in, when I say we, I mean you and me from the marketing side are in the super-exciting space of what we call CRE-tech/prop tech. But, there are tons of applications found in the market. So, if that big data applications and, or you know spaces service as a business, virtual marketplaces and leasing tenant focus platforms, private management, augmented reality, and others. Clearly, some are getting more ink than others in space as a service comes to mind. But, as an investor and an advisor, I’m curious in your perspective. What are the exciting areas, that maybe somewhat under the radar right now. So you know, trying to bring somebody into a no-tell where we work. Okay, no big deal. Lots of money’s going there. That’s just aping what everybody else is doing. But, what are the areas, you know, applications that you think have the potential for real disruption, will attract early adopters, and in the next few years, where should the savvy investor who really wants to be part of the space looking to allocate money? Ryan: Well, first of all, I think that there are a ton of really interesting across, you know, like you said teantt project management. There’s a really, really quite a few interesting, you know spaces to play in CRE-tech. I think, as I think about the next two or three is we’re just so early. Especially regards to adoptions, it seems to me like the folks that are focused on data and that could be a cross-spaces as service, virtual marketplaces, leasing tenant project management and that stuff. The folks that are taken a data first enabled to monetize that early, enabled to give users actual data to make decision for that real estate investors, for lets space users, you know building owners. It seems to me like those folks are probably to the best start because there’s a value they can charge users afforded data. But, the collection of that data also gives them flexibility as they grow out, you know, the solutions that are provided to end-users. Keith: Yeah, we see for example both in CRE and also this residential real estate is, you know, a lot of these companies are multi-generational families that abound, you know, especially in the big cities, right. So, they own a lot of the office space, they own a lot of residential real estate, and they’ve been making money in this space for a long time. And as a result, the little more buttoned-up conservative, unless, willing to be early adopters. And we found with our clients, is that the case to be made at least initially, is surely an economic play, right. So, this is how you gonna be more efficient and save money. But, you know, how, what do you see is being the most partner-compelling arguments to, you know, CRE-tech as CRE-owners in order to get them to kinda take that first leap of faith into some of these, you know, applications and areas. And it could be, you know, big data which is maybe, there is some would have, you know, an easier, a leap of faith from data, the argument for efficiency and economic savings probably easier than making, also, I realized much more quickly. But, how do you advise your clients, or what do you see your founders in terms of being able to, you know, circumvent or achieve some of those obstacles? Ryan:Well, I think that from a founder’s perspective, you know, I think the venture community has great channels into, you know, big, you know, big brokerage. I would just definitely in avenue to get widespread adoption across a numbered users and geographies. I think that a lot of the bug development companies have their own adventure arm that you know, co-investing with the venture firms or looking to, you know, incubate and grow their own, you know, own kind of tech. So i do think that there are great opportunities with the right venture partner or being able to sit with the right investment or development company to help kinda scale the platform out. So. Keith: So, how are you looking for money for for example. It's not just about the money, but the strategic value that these investors can bring in terms of opening up new channels and helping with initial adaption? Rayna: Absolutely, the faster to market in adaption. I think is what you see in the re-work examples. They are just trying to raise the biggest, the best and have amass the monopoly. I think that the fastest routes to market, the more channels that you have to be able to deploy the product, the better your chances for success. Keith: Yeah that’s a great segue to the next topic I want to discuss, which is basis of service. And companies like re-work, and notel raising money on previously unthinkable valuations. I have a 2-part question. So, clearly, there is some type of bubble forming, and this not the first tech-vertical or general investment vertical to experience a bubble and there’s a lot of money-chasing deals and we work in (notel) just based on evaluations are clearly benefiting from all that money that’s on the sidelines looking to invest in this space. So, it’s 2 questions. You know, it’s not new what we work in (notel) are dealing, right. So, we just been around for a long time. Yet, we are left behind in the dust. These newer companies are gobbling up market share and their valuations are significantly higher. So, what’s been the drivers of their growth versus what we’ve seen in the past? And the 2nd question, Ryan, which I know comes up everywhere. Which is, you know, we work in (notel) have experienced, any other companies by the way just keep referring to these two, but they’ve experienced this growth in a real estate environment in which the market is just fantastic and also experiencing above all, right. What’s that gonna look like when there is an inevitable downturn. That’s what real estate is historically, so it’s not gonna continue and values are not gonna continue to appreciate and as I understand their business model which is, you know, leasing up a lot of space and being able to upsell that to tenants. What happens when, you know, values go down and their existing tenants can go lock in space for much cheaper prices. So, 2-part question: drivers of growth versus the history of the space as well as what it’s all gonna look like during an inevitable downturn? Ryan: Yeah, those are good questions. I don’t think anybody can accurately predict. But just some thoughts. I think, you know, running we were.. Keith: The beauty of being a podcast, of being a prognosticator, is that they only remember when you’re right and when you’re wrong, no one cares. So, that’s, you know, we can say whatever we want. Be Nostradamus, right? Ryan: Right. Well, if we were on video, everybody would be able to see me in my wizard hat. Keith: (Laughs). Exactly. Ryan: My answer here. I mean, (Ryan), we were cause undertaking the company’s taken a name as an approach to spending, investing heavily on growth, in hopes that profits will follow. I think, in the most likely scenario, is that, the thing that’s been driving growth in valuations for these companies will ultimately will come to roost. You know, right now, we’re in a growth at all cost negative gross margins. I think that we workers gotten so big that we’re seeing a lot more access to their data and, you know, right now, their focused on growth in a winner take all mode similar to some other tech companies we’ve seen at Silicon Valley. You know something , the ultimate challenge, so that goal is that if you can grow to a large size and create a market monopoly. Then, over time, you’re able to, you know, raise prices because you’ve got some sort of walk-in with those customers. I think the challenge right now in the current environment is that there’s so much private capital out there and so many entrepreneurs willing to take on big dogs. It would be a re-work at this case but people with. I think you need value proposition in a co-working space. So, on a venture capital people chasing, I don’t see right now that there is a monopoly in place. And then those companies are public, so you know valuations that can be tricky. Just a tricky area when we talk about private money. So, the question will be if there is a downturn and we’re not in a profitable place and that money dries up. How do you sustain growth or shift on a dime with your users to a profitable model. Keith: Yeah, for sure. I do, you know, so you mention Amazon and Amazon first of the 15-year run and they probably are the exception to the rule in terms of being able to early on stake-out they wouldn’t call a monopolistic position but certainly, 800-pound gorilla type of corporation. But, if you look at ride-sharing. So, a company like Uber tried to do that but the market was so large. The problems of executions are great and the amount of so much money on the sidelines willing to go into that space. Left has been able to significantly cut into their business over last few years with no one inside there. It seems to me also, the spaces service industry. The various entry are really just raising the capital. I mean, I don’t know there’s much secret sauce in doing that except for being able to sustain the losses initially and go gobble up property. So, it’ll be interesting to see how that shakes out and what it all looks like in a number of years but I know everybody in our industry is watching that closely and that will be interesting as we go forward. Ryan: Yeah, totally great I think. I definitely think the spaces services creating a value for large enterprise and small businesses alike. It’ll be up to those organizations to find a profitable, sustainable, long-term business model, which is yet to be proven. So, I think that there will be some, I think that there’ll be winners, I think that there’ll be losers. I think that there’ll probable even a few that rise to the top and are able to sustain there long-term. Keith: Alright. Moving on. Entrepreneurs and startups and certainly marketing agencies, we love the buzzwords. Alright, so, you can raise money and you can throw out terms like artificial intelligence or augmented reality or blockchain or cryptocurrency and figure out how to present your business plan and I think companies or startups are hoping that investors will follow that with investment. So, blockchain is a bit, is a buzzword that is being thrown around, our industry, the CRE-tech industry. We do a lot of work and energy and I thought blockchain is a fantastic application of blockchain platforms with application in the energy markets because energy in general’s becoming a lot more distributed and decentralized and blockchain is a fantastic application for industries that are going in that direction. We’ve seen a number of companies over the last 6 to 12 months that come to us and claim to have some type of blockchain application real estate whether that’s for raising money, whether that’s because it can cut out some of the soft-cost involved in transactions, whether it’s because of blockchain application will make shrink the timeline for these transactions. There’s a number of reasons why blockchain could be a good application in the real estate industry. Curious what your thoughts are as to what those applications are? Are you seeings things that right now are more substance and hype? Do you think at this point just more hype and people throwing around the word? What’s your take on all that? Ryan: I think there’s a lot of hype, I mean, blockchain is really just a lot of copies of a gigantic cell spreadsheet. So, I think that there’s some interesting possibilities for blockchain. Clearly, to the number of hands that have touched a transaction to potentially cut out intermediaries. I think that there are some regulatory things that need to happen as those boundaries get pushed. I think that it’s a move in the right direction but whether it’s blockchain, artificial intelligence, a machine learning, there’s a lot of entrepreneurs that are tackling that technology and trying to integrate it into their business and or their philosophy. When you talk to the technologist about where we are with those technologies and what they’re capable of doing, there’s somewhat of a sentiment that, yeah, the baseline is there but today they don’t function as they’re being promised or advertised as. So, I think that is commercial real estate technology is playing catch up to a lot of technology innovations from, maybe the past 15-20 years and that started to really grow inside of commercial real estate maybe in the past 5-6 years. I think that this group of entrepreneurs is in the right place and on pace or the slightly behind fintech or other spaces where they’re trying to develop the technology to truly make an impact. Keith: Yeah, we’ve spoken with a few companies recently who feel that blockchain and cryptocurrency solution will enable owners and CRE owners to have opportunities for liquidity and to bring in partners or investors in a way that they can’t with the current financial and legal infrastructure in real estate. So, that’s what, from what I understand from these companies, they think they can be deploying those solutions relatively quickly. It’s a proof in a pudding. Ryan: Yeah, I mean. Title company, all kinds of things, potentially make an impact or just we’re not there today. I think, we’ve got smart entrepreneurs that are working on solutions and are really trying to develop that technology to make it viable. And, where we are today versus where we’ll be in 5 years, is one of the reasons I have a podcast or I’m on this show, talking to you about it because I’m very interested in watching those developments and understanding how people are leveraging the technology and using that technology to change the way we work, live, play.. Keith: Yeah, so let’s talk about play. Another great segue, is Ryan, you’re a great host. So, when you’re the guest, you can do my work for me. That’s perfect. I wanna talk about apps and platforms and features that companies now are offering to enhance the tenant experience. It seems like a very millennial thing. So, in my company, we’re always kind of our executive team is always discussing. Alright, so, how do we make millennials happy, keep them productive, make sure that we’re able to retain them? And, I started my business 15 years ago, I wasn’t really having that conversation. It was more around, let’s just create professional development opportunities, make sure paying them fairly, and treating them with respect. But now, they want things that are gonna enhance their social experience, logistical experience. Work is now just not about work but it’s responsibility of companies and now it seems like maybe a building owner’s as well to provide a home-like experience or social experience, cultural experiences within the 4 walls of the workplace. Companies like Comfy, I've seen HQO, Office App, Equium. Again, they’re going out there and trying to convince owners and landowners that their responsibilities transcend just a physically-built environment. What’s been your experience in speaking either with your clients or with founders about the receptivity towards this? Who’re gonna be the early adapters? Is this just kind of like a fad right now but, we’re gonna eventually go back into haywork is work? What do you think on that? Ryan: I think that broader society is just moving towards more experiences whether that’s the bloomers who are moving out of houses then looking for less kind of ownership responsibilities to give them opportunities to travel, to go and do, to hop on an RV and go across America. Keith: I’ve got a 19-year old so we’re having these discussions which give me a little me more grey hair than I had prior. Ryan: (Laughs) And you know the 19-year olds in the same boat. How do I create more experiences, driven by a very different and very visual world with Instagram, Facebook, Social. It’s a ‘hey, what experiences are you having?’ And I think cause it’s less driven by the material. When I think about the specific applications that are going after a different experience in a work environment. I again think it comes back down to the channel. I think that the broad offering, well I guess, the appeal to many users will be more applicable if it serves out more as an amenity that people are able to choose from a la carte or a part of a package. Kinda like a TV dinner. Say ‘Hey, wanna be able to have access to all of these different applications to be able to create this experience in our work environment.’ I think that somebody’s applications are very niche. And so, if they’re not paying attention to the channel or how they’re partnering with other applications to create that experience could potentially be an uphill battle. But, yeah, I mean I think that experience-driven is what is driving re-work or notel or the other kind of space as a service. I think that when IBM is taking re-work space, it’s a very clear communication to the market that experience is valued and IBM’s one of all those technology companies out there so, it’s not just the startups, the millennials that are focused on creating that experience for their employees. Keith: Yeah, that’s a really good point. So, a lot of our listeners are themselves founders and entrepreneurs. I thought maybe, we’d just end, Ryan, with just your observations of the common denominators between the companies and founders that succeed, those that don’t. That really can be anything from leadership skills to how to manage money, to operations, to figuring out audience, marketing. Whatever the case, but I got a thought that your advice would be compelling to the people listening. Ryan: Yeah, I think that those with a good product and user experience. I think about some fintech apps, like Robinhood. When Robinhood comes to mind, it’s like very easy to use, it’s very visually appealing. So, I think that applications that are focused on great user-experience. I think that have some sort of data or value that they’re able to charge customers from Day 1 increase sustainable profitability. And I think that just have really low overhead, low volume kinda revenue targets to keep them accountable to grow. I think that they’re gonna have, those that start with that business model will have early adapters that are potentially more forgiving of the product, that are able to receive feedback, to really shape the product, to listen to customers’ demands and pay attention to their roadmap in a unique way that keeps them from over-building or steering the roadmap in a direction that is actually not a demand or want on their customer base. Which is, back to my earlier talk, was those that are due to a really good job of aggregating and creating actionable data, will be able to build off that data in a meaningful way, and create a roadmap that is really impactful for their users. Keith: That makes sense and I think for every founder and businessman and entrepreneur, what Churchill always said to his people, ‘Keep buggering on KBO.’ Just gotta stick with it, right? And, there’s gonna be lots of ups and downs and challenges. But, if you believe in your vision and you believe in your product and believe in your ability to execute, then you gotta keep going. Certainly, until the bank account says zero. So, with that Ryan, I think we’ll end there. Was there anything else that you wanted to add or tell our listeners? Ryan: I guess the one thing I would add is I am co-hosting a commercial real estate tech event in Austin on October 25th. We’ve got a great panel of tech founders that includes Michael Mandel with ComStak, Arie with WiredScore, Ryan Turner with Refinery, and Doug Shenkman with Tenax. As well as a panel of venture capitalists from Fifth Wall, Navitas, and Metaprop. So, it would be a great event downtown Austin with food and drinks and some great founders and venture capitalists to give you much of the same conversation about the state of the world of CRE Tech and the state of the market, and what’s coming up. Keith: And I will be there. So, if that’s, if you wanna scream that from the rooftops as well, enables you to add one more person to the event, feel free. Maybe, if you tell enough people, my mom will come as well, if I’m gonna be there. But, Ryan: We’d love to have your mom. Keith: It’s an exciting event, I will be there. I’m gonna be travelling from New York to Austin for it. And, goodluck with that. I guess, I’ll see you there, Ryan. So, thank you for being our guest today. And just again, for our listeners, Raising Your Antenna is a podcast dedicated to bringing on venture capitalists and founders who are transforming B2B technology spaces including today’s CRE (Commercial Real Estate) technology. Antenna Group which is the primary sponsor of Raising Your Antenna, is a digital marketing and public relations firm which services companies from startups all the way to Fortune 100 companies that are in the B2B technology space. So Ryan, thanks again and look forward to seeing you in Austin. Ryan: We all look forward to it. Thanks, Keith! Keith: And another episode of Raising Your Antenna is in the books. I hope you enjoyed today’s episode and look forward to connecting again next week. Raising Your Antenna is a weekly podcast hosted by yours truly, Keith Zakheim, that features the movers and shakers, and key influencers of the B2B technology industry. Our guests are leading revolutions and disruptions in the mobility, clean energy, healthcare, and real estate technology industries. Raising Your Antenna’s brought to you by Antenna Group, a full-service digital marketing and public relations agency that focuses on the B2B technology industry. Please be in touch with me on Twitter (@czakheim) with any feedback about this podcast. And check out Antenna Group at www.antennagroup.com if your organization is looking for really smart and good-looking marketing and public relations partner.

In this edition of the HTF podcast, we talk with Entropy Economics founder Bret Swanson about his recent paper (with Michael Mandel), The Coming Productivity Boom. Swanson sees high productivity... The post The Coming Productivity Boom with Bret Swanson appeared first on High Tech Forum.

In this edition of the HTF podcast, we talk with Entropy Economics founder Bret Swanson about his recent paper (with Michael Mandel), The Coming Productivity Boom. Swanson sees high productivity... The post The Coming Productivity Boom with Bret Swanson appeared first on High Tech Forum.

In this week’s episode, David is joined by two guests, who make a case for economic optimism. Michael Mandel, chief economist at the Progressive Policy Institute, and Bret Swanson, president of Entropy Economics and visiting scholar at the American Enterprise Institute, are the co-authors of the new paper, “The Coming Productivity Boom: Transforming the Physical Economy with Information.” Michael and Bret argue that, despite the slowdown in productivity of the last few decades, innovations in information technology such as artificial intelligence are going remake our economy for the better. David’s blog: http://macromarketmusings.blogspot.com/ Michael Mandel’s homepage: http://www.progressivepolicy.org/author/mmandel/ Brett Swanson’s homepage: http://www.bretswanson.com/ David’s Twitter: @DavidBeckworth Michael Mandel’s Twitter: @MichaelMandel Bret Swanson’s Twitter: @JBSay Related links: “The Coming Productivity Boom: Transforming the Physical Economy with Information” by Michael Mandel and Bret Swanson http://www.techceocouncil.org/clientuploads/reports/TCC%20Productivity%20Boom%20FINAL.pdf

Mike Mandel, CEO of Compstak, joined me from the Propteq Europe event to tell his story, talk about the commercial real estate tech world and his plans for the UK market.

Real Estate Data & Technology panel with Michael Mandel, Co-Founder & CEO of Compstak; Marc Siden, Co-Founder & CEO of OnBoard Informatics; Perry Rahbar, Co-Founder & CEO of DV01; Jim Costello, Senior Vice President of Real Capital Analytics; Rob Refkin, Founder & CEO of Compass; and moderator Ben Thypin, Managing Partner of Progress Group.

On May 24, 2015, we discussed the following: - Never Ending Crisis: Did George W. Bush Create ISIS? featuring Musa al-Gharbi, theManaging Editor for the Southwest Initiative for the Study of Middle East Conflicts (SISMEC) - Media Bias: The Biker Gang Shootout - Another Slap on the Wrist: How Much are Big Banks Getting Away With? featuring Dr. Michael Mandel, Chief Economic Strategist at Progressive Policy Institute - Bottoms Up: Breaking Down The Fair Beer Act Check out our website here: http://www.lyvbh.com/2015/05/22/george-w-bush-create-isis/

The U.S. Justice Department announced that five of the world’s largest banks –including Citigroup, JPMorgan Chase, Barclays, and the Royal Bank of Scotland– have plead guilty to “market manipulation” in the foreign currency exchange. However, instead of getting jail time for this federal offense, they are being forced to pay $5.7 billion in fines. We explained the banks’ corrupt practices, their penalties, and debate whether anything has changed within the banking system since the U.S. financial crisis in 2008, featuring Dr. Michael Mandel, the Chief Economic Strategist at Progressive Policy Institute

. The post Wayne Crews & Michael Mandel on the Regulatory State appeared first on RealClear Radio Hour.

The explosive growth of New York’s tech industry in the last decade has reshaped the city’s economy and its demographics — and has kept New York at the forefront in a rapidly changing digital landscape. Over the last decade, Bloomberg administration policies aimed to foster this growth in the tech and information sector. What new directions should the new de Blasio administration consider in order to ensure — and strengthen — New York’s role at the forefront of innovation? We were joined at Roosevelt House for the latest in our continuing series, “Changing New York,” as Manoush Zomorodi, host of WNYC’s “New Tech City,” led a distinguished panel of experts in a wide-ranging conversation exploring the new policies, priorities and strategies that the de Blasio administration ought to focus on in the years ahead. Each brings a business and personal perspective to the crucial questions of what the new digital New York might look like — and how the new administration can help make it possible. Speakers: Jessica Lawrence, Executive Director, NY Tech Meetup; Michael Mandel, Chief Economic Strategist at the Progressive Policy Institute and author of Building a Digital City: The Growth and Impact of New York City’s Tech/Information Sector; and Steve Schlafman, a principal at RRE Ventures, who also writes the blog “Schlaf Notes: The Chronicles of an Accidental VC,” about trends and his “adventures in startup land.” Introducing the panel was Stanley S. Litow, Vice President, Corporate Citizenship and Corporate Affairs of IBM, President of the IBM Foundation, and member of the Roosevelt House Advisory Board.