OpenDoor
Opendoor co-founder Eric Wu is stepping down from the real estate tech company, according to an SEC filing. In a statement, Wu said: “After ten years, I am called to…
When one door closes … Opendoor CEO Eric Wu steps down, CFO Carrie Wheeler steps in as new chief executive
Opendoor co-founder Eric Wu announced today that he is stepping down from his role as CEO of the real estate technology company and that Carrie Wheeler will be taking over…
Opendoor is letting go of about 550 people, or 18% of the company, across all functions, its co-founder and CEO Eric Wu announced in a blog post today. The real…
For early-stage startups looking to hire new talent, it’s not enough to make one-off decisions about pay as each new employee comes on board. Constructing a coherent philosophy around compensation…
Perception is everything — especially when it comes to the value of software startups and total addressable markets (TAM). During 2020 and 2021, as COVID bit into the economy, tech…
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Opendoor has agreed to pay $62 million to settle charges by the Federal Trade Commission, which says the company’s claims that it helps people make more money by selling their…
Casavo, an Opendoor-style proptech from Italy, raises $410M to expand its instant buyer platform across Europe
Opendoor opened the door, so to speak, to the idea of applying technology to the concept of house flipping to both scale the opportunity and make it considerably more efficient.…
Opendoor alums raise $7.75M for Kindred, a home-swapping network it says makes travel ‘dramatically more affordable’
With more people working from home than ever, the desire to take advantage of that newfound flexibility to travel has been greater than ever. But just because you have the…
Clikalia clicks on $86M to expand its iBuyer marketplace across Europe and Latin America
Companies like Opendoor opened the door to a new way of buying and selling properties by inserting a strong middle player who could buy houses or apartments and redevelop them…
Norwest unveils a $3 billion fund, which is nearly one-fourth the capital it has ever raised
Norwest Venture Partners, the now 60-year-old venture and growth equity firm backed entirely by the banking giant Wells Fargo, today rolled out its sixteenth fund, a $3 billion vehicle and…
Less than three months after announcing a $16 million seed round led by Founders Fund and Paradigm, NFT music rights startup Royal has raised another major round of funding, banking…
Hello and welcome back to Equity, a podcast about the business of startups where we unpack the numbers and nuance behind the headlines. This is…
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What does Zillow’s exit tell us about the health of the iBuying market?
Selling an asset at a loss is a bad idea in most areas of business, but it is a particularly bad idea in a market where sales cycles are slow, unpredictable and largely out of your control.
Zillow announced that it was hitting pause on its iBuying operations earlier this week, but rival Opendoor says it is expanding operations and plowing ahead.
The company is creating its own MLS for the regions and applies technology to the expertise provided by local customer services experts who assist from the initial search to closing…
Founders Fund and Paradigm are leading an investment in a platform that’s aiming to wed music rights with NFTs, allowing users to buy shares of songs through the company’s marketplace,…
Playbook, which aims to be the ‘Dropbox for designers,’ raises $4M in round led by Founders Fund
When Jessica Ko was head of design at Google and then Opendoor, she realized that her teams spent about 90% of their time digging around Dropbox looking for assets. In…
Cloud security startup Monad, which offers a platform for extracting and connecting data from various security tools, has launched from stealth with $17 million in Series A funding led by…
Mindset, a platform featuring personal story collections from recording artists, announced today that it raised $8.7 million in seed funding. As co-founders of the K-pop-focused podcast production company DIVE Studios,…
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.
While many deemed 2020 the year of SPAC, short for special purpose acquisition company, 2021 may well make last year look quaint in comparison. It’s probably not premature to be…
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A quick peek into Opendoor’s financial results
As investing whirlwind Chamath Palihapitiya continues to make headlines with his full-court press to take private tech companies public via SPACs while markets are hot, one of his targets has disclosed financial information that helps us better understand the transaction it is undertaking. Palihapitiya’s Social Capital Hedosophia Holdings Corp. II…
SPACs are going to rule the world, or at least, Chamath’s future portfolio. Chamath Palihapitiya, the founder of Social Capital, has already tripled down on SPACs, the so-called “blank check”…
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast (now on Twitter!), where we unpack the numbers behind the headlines. This week Natasha Mascarenhas, Danny…
Can’t stop, won’t stop: Social Capital Hedosophia just filed for its fourth SPAC, says new report
According to a new report in Bloomberg, Social Capital Hedosophia has filed plans confidentially with the SEC to raise $500 million for its newest blank-check company. It will be the…
Today, Social Capital Hedosophia II, the blank-check company associated with investor Chamath Palihapitiya, announced that it will merge with Opendoor, taking the private real estate startup public in the process.…
Some people may have slowed down in 2020, amid a pandemic that has shut down much of the world. Not Chamath Palihapitiya. According to a new report in Bloomberg, Opendoor,…
In the first few minutes of pitching his new company, Candidate Labs, Jonathan Downey admitted that he’s operating in a market that is “done to death”: recruitment technology. But Downey,…
Opendoor, the seven-year-old, San Francisco-based company that has from the outset aimed to help people buy and sell homes with the “push of a button” (or nearly), has just laid…