Decoder with Nilay Patel Recode Decode: OpenDoor CEO Eric Wu / Evite CEO Victor Cho
Oct 11, 2019
Eric Wu, the CEO of OpenDoor, shares insights on how technology is revolutionizing the real estate market, emphasizing the need for transparency and automation in transactions. He discusses OpenDoor's innovative approach to simplifying home buying and selling. Meanwhile, Victor Cho, Evite's CEO, reflects on the challenges of adapting to digital disruptions reminiscent of Kodak's past. He explores new revenue models for Evite while navigating the evolving landscape of event planning in a competitive market.
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Disrupting Real Estate
- Opendoor is disrupting the real estate industry.
- They aim to create a simpler, more efficient, and enjoyable experience for consumers.
Real Estate Disruption
- The real estate industry has undergone four distinct technological changes.
- These include digitization of information, agent tools, direct consumer experiences, and process automation.
Movity Founding
- After graduating college, Eric Wu started Movity, a company that aggregated location data.
- This venture, backed by Keith Rabois, aimed to provide insights into how cities function and influence real estate pricing.