500 demo day batch 19: opendoor

Live Better Together.

founders@opendoor.io angel.co/opendoor-2

$50k

MRR

40

residents

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

operator

15%gross

margin

$200/momargin

per resident

Fee on Leases

=

founders@opendoor.io angel.co/opendoor-2

ZERO 2%

VacancyLoss

MonthlyChurn

100%

ReferralRate

Operating Efficiently

founders@opendoor.io angel.co/opendoor-2

Scaling via Developers

SIX

$170k

50-100

MRR in signed deals

developerpartnerships

bedroomsper building

founders@opendoor.io angel.co/opendoor-2

We live it.

Ben Provan COO

Jay StandishCEO

founders@opendoor.io angel.co/opendoor-2

$50k

MRR

140

pipelinebedrooms

$105B

market

founders@opendoor.io angel.co/opendoor-2