Opendoor Technologies : More Than an iBuyer with Ian Wong, Co-founder & CTO of Opendoor
March 14, 2022
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The biggest takeaway from this interview with Ian Wong, Co-founder and CTO of Opendoor is that the company is doing much more than just buying and selling homes. The level of technical infrastructure, logistical expertise, and management of a deployed workforce in markets around the country, makes the story of what Opendoor is and could potentially achieve all the more compelling.
I've been vocal about how Opendoor was the company that inspired me to pursue proptech in the past, I've invested in Opendoor, and personally believe this is one of the companies that may have a genuine chance at building a sustainable, innovative business in real estate on a large scale.
In this interview, we discuss the iBuyer business, power-buying, and some future plans of Opendoor. Ian is incredibly thoughtful and brings a lot more to this discussion than simply just doing Q&A. It's a solid listen!
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Tech Nest is the proptech podcast where we discover all the latest in proptech by interviewing the innovators and leaders from startup that are challenging the way we buy, sell, and invest in real estate. When you listen to Tech Nest, you'll get in-depth interviews and discussions each week, focused on uncovering trends in proptech and how startups are transforming the real estate landscape.
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Opendoor Technologies Inc. published this content on 15 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 April 2022 19:46:10 UTC.
Opendoor Technologies Inc. provides a digital platform for residential real estate transactions. By leveraging software, data science, product design and operations, the Company is building a technology platform for residential real estate that offers buyers and sellers a digital, on-demand experience. Its products include Sell to Opendoor, List with Opendoor and Opendoor Marketplace. Sell to Opendoor enables sellers to utilize its core product offering to sell their home directly to it, and it resells the home to a home buyer. By selling to Opendoor, homeowners can avoid the stress of open houses, home repair coordination, overlapping mortgages, and the uncertainty that can come with listing a home on the open market. Its capital-light marketplace offering connects home sellers with both institutional and retail buyers, facilitating transactions without Opendoor taking ownership of the home. Its listing product is available in 17 Opendoor markets.