How Do All Cash Offers Work?

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Zerdon gives customers the power of an all cash offer. Customers can buy a house in seven days and get keys with bottle of champagne. The company is basing its bet on five years from now customer, right? "The future you is going to be w mort successful"

Laks Srini is the cofounder and CTO of ZeroDown. Before that he was the cofounder and CTO of Zenefits.

You can find him on Twitter at @laks_srini.

The YC podcast is hosted by Craig Cannon.

Y Combinator invests a small amount of money ($150k) in a large number of startups (recently 200), twice a year.

Learn more about YC and apply for funding here: https://www.ycombinator.com/apply/

***

Topics

00:00 - Intro

00:30 - What is ZeroDown?

1:50 - How did they test the idea?

3:50 - What did they learn from companies that failed in the space?

8:00 - Breaking down the product

11:25 - ZeroDown's customers

13:35 - Expanding to other markets

15:50 - What if a downturn happens?

17:10 - ZeroDown's hiring strategy

20:10 - What are their hardest technical challenges?

22:05 - ZeroDown's breadth and product strategy

26:40 - Customer interviews

28:35 - Should everyone own a house?

29:50 - Home ownership in the future

32:45 - Build something you really want to see in the world

34:40 - Working with his cofounders was the most important consideration