Opendoor Start Up Pitch Deck
SERIES A FINANCING
Key Objectives
Build AVM
Gather real-time MLS data, location data, seller inputs,
and proprietary offline data to build an AVM.
Acquire Sellers
Acquire a large sampling (n=500) of real sellers looking
to sell their home instantly online.
Acquire and Sell Homes
Acquire, rehab, maintain, and sell 50-150 homes in one
geo.
Milestones to Achieve
< 8% Error Instantly, < 4% Error Post-Process
We will be able to instantly price homes with less than
8% median error. Post-process (inspection), have less
than 4% median error of the homes we purchase.
Validate Seller Discount Curve
Analyze both accepts and rejects to statistically
validate conversion rates across various discounts
and seller types.
Validate Cost Structure
Confirm the cost structure of acquiring,
financing, maintaining, and selling
properties.
We're raising $9m in our Series A to execute on three key objection.View entire presentation