Opendoor
American company that buys houses outright to resell them, the largest instant buyer left after Zillow and Redfin quit.
5 figures on Opendoor, drawn from 2 Modern MBA case studies.
The figures
US dollars3
| Against its own chart | |||
|---|---|---|---|
| Gross profit per home against Offerpad · 2021 | $22,278 | 1st of 2 · top $22,278 | Why Opendoor and Zillow failed at flipping houses |
| Gross profit per home against Offerpad · 2020 | $8,241 | 2nd of 2 · top $22,278 | Why Opendoor and Zillow failed at flipping houses |
| Operating income of the largest venture-backed tech startups, 2022, in millions | −$931M | 5th of 12 · top $1,802M | Why AI is just big data again |
Counts2
| Against its own chart | |||
|---|---|---|---|
| Homes sold per year against Offerpad · 2021 | 21,725 | 1st of 2 · top 21,725 | Why Opendoor and Zillow failed at flipping houses |
| Homes sold per year against Offerpad · 2020 | 9,913 | 2nd of 2 · top 21,725 | Why Opendoor and Zillow failed at flipping houses |
Case studies covering Opendoor
Case study — TechnologyWhy Opendoor and Zillow failed at flipping housesIt needs to flip 60,000 homes a year to break even. It flipped 21,000. The rest is debt and vocabulary.12 min read
Case study — TechnologyWhy AI is just big data againBig data was sold for a decade and produced nothing. The same players are running the identical playbook with AI.15 min read