Opendoor Start Up Pitch Deck

Initiatives Goals Short-Term 201403 • Build AVM ● Acquire sellers Acquire and sell homes. Validate Model ● Validate Discount Curve • Validate Economics THE PLAN Medium-Term • Improve model accuracy • Reduce cost of capital • Increase operational efficiency • Expand to multiple markets ● 201603 • Decrease Discount ● Increase Homes/Geo Operate in Multiple Geos Long-Term 2018Q3 Launch capital marketplace - ie, LendingClub • Launch marketplace ● • Enter Adjacent Markets Operate at National Scale Optimize Profits Short-term goal is to validate model and break even. Long-term opportunity to maximize profit and enter adjacent markets.

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