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500 Demo Day Batch 19: OpenDoor

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500 Demo Day Batch 19: OpenDoor

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500 Demo Day Batch 19: OpenDoor

  1. 1. Live Better Together. founders@opendoor.io angel.co/opendoor-2
  2. 2. $50k MRR 3 properties founders@opendoor.io angel.co/opendoor-2
  3. 3. 88% Millennials are flocking to cities but can’t afford it. live with roommates founders@opendoor.io angel.co/opendoor-2
  4. 4. US roommate rentals $105B founders@opendoor.io angel.co/opendoor-2
  5. 5. Traditional OpenDoor founders@opendoor.io angel.co/opendoor-2
  6. 6. People crave community. We build it. founders@opendoor.io angel.co/opendoor-2
  7. 7. Recurring fee on rents 15% gross margin $200/mo margin per resident = founders@opendoor.io angel.co/opendoor-2
  8. 8. ZERO 2% Vacancy Loss Monthly Churn 100% Referral Rate Operating Efficiently founders@opendoor.io angel.co/opendoor-2
  9. 9. Scaling via Developers SIX $170k 50-100 MRR in signed deals developer partnerships bedrooms per building founders@opendoor.io angel.co/opendoor-2
  10. 10. We live it. Ben Provan COO Jay Standish CEO founders@opendoor.io angel.co/opendoor-2
  11. 11. $50k MRR 140 pipeline bedrooms $105B market founders@opendoor.io angel.co/opendoor-2

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