How Opendoor founder Eric Wu got started in real estate

How Opendoor founder Eric Wu got started in real estate

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Website Facebook View on Facebook LinkedIn View on LinkedIn Twitter View on twitter contact email Phone Number (480) 290-3094 Opendoor makes it possible to receive an offer on a home in just a few clicks, and sell in a matter of days, removing all of the headache, uncertainty, and risk from the transaction.

Their belief is that the Internet is diminishing the role of the real estate agent. with OpenDoor, another company that just raised $20 million. That company, which was co-founded by investor Keith.

"Most brokers don’t have $110 million in VC-backed money," says Bill Lyons, co-founder of mortgage company revestor and a 15-year real estate veteran. Opendoor is taking on considerable risk.

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Eric Wu is the co-founder and CEO of Opendoor. Before Opendoor, Eric founded, a location data analytics company that was acquired by in 2011. He graduated from the University of Arizona with a bachelor of science in Economics.

Opendoor, a start-up that buys and sells homes online, has just pulled in $325 million to expand its team, add more cities and move deeper into residential real estate. including RentAdvisor.

That’s exactly the future of home selling that Rabois wants to accomplish with Opendoor, a new real estate startup that will will buy your home over the web instantly and let you close in three days.

In contrast, Wu said the rest of the $20 trillion U.S. residential real estate market is one of the least liquid kinds of markets even though it represents such a vital kind of asset to Americans.

Opendoor was founded by former founder Eric Wu, and former PayPal, Slide, and Square executive Keith Rabois. A recent press release says that Opendoor is handling $60 million dollars in transactions per month and has raised an additional $210 million dollars to expand to 10 new cities this year.

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“They will start with the sale, then it will spread throughout everything connected to real estate.” You can already. the transaction can’t be done online,” said Eric Wu, co-founder and CEO of.

Opendoor buys your home from you, so you can skip months of selling and start your next chapter. Contact Information.. How Opendoor founder Eric Wu got started in real estate. blog 2 months ago. The Undisrupted: A Portrait of Blue Collar America.

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