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

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