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OpenDoor Raises $9.5M

opendoor

OpenDoor just closed a $9.5 million round. The list of angel investors involved, is literally quite insane:

  • Paypal co-founder Max Levchin
  • Former YouTube and Facebook CFO Gideon Yu
  • Eventbrite co-founder Kevin Hartz
  • Y Combinator’s Sam Altman
  • Quora CEO Adam D’Angelo
  • Yammer co-founder David Sacks
  • Angelist’s Naval Ravikant
  • Yelp CEO Jeremy Stoppelman
  • Box CEO Aaron Levie
  • Initialized Capital’s Harjeet Taggar, Garry Tan and Alexis Ohanian
  • Former Twitter vice president Elad Gil
  • Blippy co-founder David King
  • Flixster co-founder Joe Greenstein
  • Angel investor Mike Greenfield
  • Quora co-founder Charlie Cheever
  • Path’s Dave Morin
  • Facebook vice president Dan Rose
  • Trevor Traina
  • Resolute Ventures’ Mike Hirshland
  • Caffeinated Capital’s Ray Tonsing, Felicis’ Aydin Senkut
  • True Ventures’ Om Malik
  • Thrive Capital’s Josh Kushner
  • Crunchfund’s Michael Arrington
  • SV Angel.

There likely hasn’t been a real estate startup with this type of hype and backing since Zillow was founded in 2005. And, like Zillow (I took a job there without even knowing what the product was), they are very vague on exactly how their service will work.

I’ve got an idea on how I think they are going to approach solving their value prop of “The easiest way to sell your home. Receive an instant offer online and close in 3 days.” But that is another blog post…coming soon.

PS: I’m still slightly bitter about their name 🙂

About Drew Meyers

Founder of Geek Estate Blog / Geek Estate Labs. Zillow Alum. Travel addict & co-founder of Horizon. Social entrepreneurship & microfinance advocate. Fan of Red Hot Chili Peppers and Kiva.

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