MOI Global: Zillow: Founder-Led Online Leader Pursuing Large TAM Opportunity
Felix Narhi of PenderFund Capital Management presented his in-depth investment thesis on The Zillow Group (US: Z, ZG) at Wide-Moat Investing Summit 2019.
Thesis Summary:
Zillow is a founder-led, mission-driven, data-centric organization serving the full lifecycle of owning and living in a home. The historically change-resistant real estate industry is at the early stages of being disrupted by technological convergence, new business models and possibly regulatory changes.
