500 demo day batch 19: opendoor
TRANSCRIPT
Live Better Together.
[email protected] angel.co/opendoor-2
88%
Millennials are flocking to cities but can’t afford it.
live with roommates
[email protected] angel.co/opendoor-2
Traditional OpenDoor
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People crave community. We build it.
[email protected] angel.co/opendoor-2
Recurring fee on rents
operator
15%gross
margin
$200/momargin
per resident
Fee on Leases
=
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ZERO 2%
VacancyLoss
MonthlyChurn
100%
ReferralRate
Operating Efficiently
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Scaling via Developers
SIX
$170k
50-100
MRR in signed deals
developerpartnerships
bedroomsper building
[email protected] angel.co/opendoor-2