SlideShare ist ein Scribd-Unternehmen logo
1 von 14
Live Better Together.
www.opendoor.io 1	
  
2	
  
The mainstream real estate industry is out of
touch with deeper needs, values and
aspirations of Millennials.
We are reimagining home for the collaborative
age – as a platform for living with connection,
creativity and purpose.
We are building a residential real estate brand
and national network of spaces for modern,
shared living.
Customer Profile and Need
Millennials and Cultural Creatives seek out
meaningful experiences + connections.
•  25-35 y/o singles and couples
•  Creative professionals, entrepreneurs, artists,
freelancers etc.
•  Desire lifestyle rich in learning, growth,
creativity + community
•  Sharing economy “natives” who choose
experiences + access over ownership
3	
  
Market Opportunity
•  Alternative to random
Craigslist roommates
•  88% of Millennial renters
live w/ roommates
•  Coliving is a better
roommate experience
TAM of roommate
renters = $105B
10% coliving market
penetration = $10.5B
10% OpenDoor market
share = $1.05B
Millennial Renting Trends
4	
  
5	
  
Home as a
Lifestyle Platform
People deeply crave a sense of
community + belonging. We create
collaborative living spaces that enable
more meaningful, connected lives.
We apply human-centered design to
home, going beyond traditional real
estate thinking to design spaces and
culture for a better resident experience.
•  Rent private room with access to beautifully
designed + furnished common areas
•  Live with close-knit group of like-minded
people, as part of a true community
•  Attend regular community dinners + outings
•  Host or join interesting events, workshops,
and creative projects
•  Home serves as a learning + sharing platform
•  Enjoy a clean, organized, and professionally
managed space
6	
  
The Resident Experience
Value Proposition
•  Sophisticated resident
selection process
•  Uniquely branded +
themed spaces
•  Community-building
methodology to fosters
authentic culture
•  Furnished common
areas + kitchen
•  Shared food program
•  Collective decision
making tools
•  Plug & play property
management
7	
  
We create the conditions for authentic
community: systems, services + culture.
Traction and Track Record
•  3 houses, 38 residents, $6M AUM, and
$50,000/mo in gross rents
•  800+ person Bay Area waiting list
•  Road-tested model + operations playbook
•  3 partnerships with developers
•  150 bedrooms in pipeline with developers
•  National press + speaking engagements
8	
  
9	
  
16BR 6400 sqft newly renovated Victorian, opened April 2014
12BR 5800 sqft 3-unit mixed-use building, opened March 2015
Purchased + remodeled by OpenDoor, raised $500K in equity
11BR, 6200 sqft historic manor, opened March 2016
Profitability
10	
  
•  Higher bedroom
count + shared
spaces increases
density
•  Higher profit real
estate
•  Simultaneously,
Residents get more
for less: more
space, better
amenities + highly
desirable lifestyle
11	
  
•  High-density urban
•  Apartment building
with 50+ bedrooms
•  Split into 10-15BR
coliving “pods” with
common kitchen +
living space
•  Coliving is an inevitable
movement, with new
projects worldwide
A New Housing Concept
+ Asset Class
Real Estate Strategy
•  Provide concept, brand + management
•  Target larger properties (50+ bedrooms)
•  Secure developer / owner partnerships for
retrofits + new construction
•  Sign-on consistent, large capital partners
to back deals
•  Roll out to a national urban network
•  Mature into investment + development
12	
  
The Team	
  
13	
  
Ben Provan, cofounder
Jay Standish, cofounder
Stonington Cox
•  Role: COO: Systems, Finance, Product
Cornell Mechanical Engineer + Product Designer
•  MBA in Sustainable Systems, Pinchot University
•  Role: CEO: Brand + Business Development
•  Co-founder Impact Hub Seattle
•  MBA in Sustainable Systems, Pinchot University
•  Role: Board Member, Real Estate Advisor
•  15yr real estate professional
•  9 years investment banking + private equity
•  MBA Columbia Business School
	
  
Advisory Board	
  
14	
  
Rahmin Sarabi
Strategy Advisor
Eric De Feo
Brand + UX Advisor + Investor
Jessy Kate Schingler
Coliving Advisor + Co-founder.
Jeff Mendelsohn
Entrepreneurship Advisor
Charley Long
Real Estate Advisor

Weitere ähnliche Inhalte

Was ist angesagt?

real estate demo project presentation
real estate demo project presentationreal estate demo project presentation
real estate demo project presentationabhay raikar
 
Pitch Deck Teardown: This is the deck WayRay used to raise $80M at a $500M va...
Pitch Deck Teardown: This is the deck WayRay used to raise $80M at a $500M va...Pitch Deck Teardown: This is the deck WayRay used to raise $80M at a $500M va...
Pitch Deck Teardown: This is the deck WayRay used to raise $80M at a $500M va...HajeJanKamps
 
Sonder | Series D Deck
Sonder | Series D DeckSonder | Series D Deck
Sonder | Series D DeckEmilyAnnHodges
 
Compass Company Overview Q2 2017
Compass Company Overview Q2 2017Compass Company Overview Q2 2017
Compass Company Overview Q2 2017smccarthy02127
 
Harvard International Consulting Competition
Harvard International Consulting Competition Harvard International Consulting Competition
Harvard International Consulting Competition Jordan van Wezel
 
Pitch Deck Teardown: Gable's $12M Series A deck
Pitch Deck Teardown: Gable's $12M Series A deckPitch Deck Teardown: Gable's $12M Series A deck
Pitch Deck Teardown: Gable's $12M Series A deckHajeJanKamps
 
Series D Deck | Sonder
Series D Deck | SonderSeries D Deck | Sonder
Series D Deck | SonderEmilyAnnHodges
 
Pitch Deck Teardown - Aether
Pitch Deck Teardown - AetherPitch Deck Teardown - Aether
Pitch Deck Teardown - AetherHajeJanKamps
 
Pitch Deck Teardown: Northspyre's $25 million Series B deck
Pitch Deck Teardown: Northspyre's $25 million Series B deckPitch Deck Teardown: Northspyre's $25 million Series B deck
Pitch Deck Teardown: Northspyre's $25 million Series B deckHajeJanKamps
 
Pitch Deck Teardown: Laoshi's $570K Angel deck
Pitch Deck Teardown: Laoshi's $570K Angel deckPitch Deck Teardown: Laoshi's $570K Angel deck
Pitch Deck Teardown: Laoshi's $570K Angel deckHajeJanKamps
 
Pitch Deck Teardown: Card Blanch's $460K Angel deck
Pitch Deck Teardown: Card Blanch's $460K Angel deckPitch Deck Teardown: Card Blanch's $460K Angel deck
Pitch Deck Teardown: Card Blanch's $460K Angel deckHajeJanKamps
 
Strategic plan harvard business review casestudy airbnb company
Strategic plan harvard business review casestudy  airbnb company    Strategic plan harvard business review casestudy  airbnb company
Strategic plan harvard business review casestudy airbnb company Mohie Ismail
 
Aircall - NOAH19 Berlin
Aircall - NOAH19 BerlinAircall - NOAH19 Berlin
Aircall - NOAH19 BerlinNOAH Advisors
 
WeWork Series D Pitch Deck ($355M Raised)
WeWork Series D Pitch Deck ($355M Raised)WeWork Series D Pitch Deck ($355M Raised)
WeWork Series D Pitch Deck ($355M Raised)startuphome
 

Was ist angesagt? (20)

What is Co-Living
What is Co-LivingWhat is Co-Living
What is Co-Living
 
real estate demo project presentation
real estate demo project presentationreal estate demo project presentation
real estate demo project presentation
 
Pitch Deck Teardown: This is the deck WayRay used to raise $80M at a $500M va...
Pitch Deck Teardown: This is the deck WayRay used to raise $80M at a $500M va...Pitch Deck Teardown: This is the deck WayRay used to raise $80M at a $500M va...
Pitch Deck Teardown: This is the deck WayRay used to raise $80M at a $500M va...
 
Sonder | Series D Deck
Sonder | Series D DeckSonder | Series D Deck
Sonder | Series D Deck
 
Compass Company Overview Q2 2017
Compass Company Overview Q2 2017Compass Company Overview Q2 2017
Compass Company Overview Q2 2017
 
Harvard International Consulting Competition
Harvard International Consulting Competition Harvard International Consulting Competition
Harvard International Consulting Competition
 
Pitch Deck Teardown: Gable's $12M Series A deck
Pitch Deck Teardown: Gable's $12M Series A deckPitch Deck Teardown: Gable's $12M Series A deck
Pitch Deck Teardown: Gable's $12M Series A deck
 
Series D Deck | Sonder
Series D Deck | SonderSeries D Deck | Sonder
Series D Deck | Sonder
 
Pitch Deck Teardown - Aether
Pitch Deck Teardown - AetherPitch Deck Teardown - Aether
Pitch Deck Teardown - Aether
 
Pitch Deck Teardown: Northspyre's $25 million Series B deck
Pitch Deck Teardown: Northspyre's $25 million Series B deckPitch Deck Teardown: Northspyre's $25 million Series B deck
Pitch Deck Teardown: Northspyre's $25 million Series B deck
 
Pitch Deck Teardown: Laoshi's $570K Angel deck
Pitch Deck Teardown: Laoshi's $570K Angel deckPitch Deck Teardown: Laoshi's $570K Angel deck
Pitch Deck Teardown: Laoshi's $570K Angel deck
 
Pitch Deck Teardown: Card Blanch's $460K Angel deck
Pitch Deck Teardown: Card Blanch's $460K Angel deckPitch Deck Teardown: Card Blanch's $460K Angel deck
Pitch Deck Teardown: Card Blanch's $460K Angel deck
 
Alodmd pitch deck revised
Alodmd pitch deck revisedAlodmd pitch deck revised
Alodmd pitch deck revised
 
AFFORDABLE HOUSING in megacities.
AFFORDABLE HOUSING in megacities.AFFORDABLE HOUSING in megacities.
AFFORDABLE HOUSING in megacities.
 
BuzzFeed Pitch Deck
BuzzFeed Pitch DeckBuzzFeed Pitch Deck
BuzzFeed Pitch Deck
 
Strategic plan harvard business review casestudy airbnb company
Strategic plan harvard business review casestudy  airbnb company    Strategic plan harvard business review casestudy  airbnb company
Strategic plan harvard business review casestudy airbnb company
 
Aircall - NOAH19 Berlin
Aircall - NOAH19 BerlinAircall - NOAH19 Berlin
Aircall - NOAH19 Berlin
 
WeWork Series D Pitch Deck ($355M Raised)
WeWork Series D Pitch Deck ($355M Raised)WeWork Series D Pitch Deck ($355M Raised)
WeWork Series D Pitch Deck ($355M Raised)
 
OpenDoor Series A
OpenDoor Series AOpenDoor Series A
OpenDoor Series A
 
Elemental Chile
Elemental ChileElemental Chile
Elemental Chile
 

Andere mochten auch

500 Demo Day Batch 19: Shearshare
500 Demo Day Batch 19: Shearshare500 Demo Day Batch 19: Shearshare
500 Demo Day Batch 19: Shearshare500 Startups
 
500 Demo Day Batch 19: Scopio
500 Demo Day Batch 19: Scopio500 Demo Day Batch 19: Scopio
500 Demo Day Batch 19: Scopio500 Startups
 
500 Demo Day Batch 19: Homigo
500 Demo Day Batch 19: Homigo500 Demo Day Batch 19: Homigo
500 Demo Day Batch 19: Homigo500 Startups
 
Dave McClure Batch 19 Demo Day
Dave McClure Batch 19 Demo DayDave McClure Batch 19 Demo Day
Dave McClure Batch 19 Demo Day500 Startups
 
500’s Demo Day Batch 17 >> Cladwell
500’s Demo Day Batch 17 >> Cladwell500’s Demo Day Batch 17 >> Cladwell
500’s Demo Day Batch 17 >> Cladwell500 Startups
 
500 Demo Day Batch 18: Voxeet
500 Demo Day Batch 18: Voxeet500 Demo Day Batch 18: Voxeet
500 Demo Day Batch 18: Voxeet500 Startups
 
500 Demo Day Batch 19: Mojilala
500 Demo Day Batch 19: Mojilala500 Demo Day Batch 19: Mojilala
500 Demo Day Batch 19: Mojilala500 Startups
 
500 Demo Day Batch 19: Pawprint
500 Demo Day Batch 19: Pawprint500 Demo Day Batch 19: Pawprint
500 Demo Day Batch 19: Pawprint500 Startups
 
500’s Demo Day 2016 Series A >> StudySoup
500’s Demo Day 2016 Series A >> StudySoup500’s Demo Day 2016 Series A >> StudySoup
500’s Demo Day 2016 Series A >> StudySoup500 Startups
 
500 Demo Day Batch 19: Kilife
500 Demo Day Batch 19: Kilife500 Demo Day Batch 19: Kilife
500 Demo Day Batch 19: Kilife500 Startups
 
500 Demo Day Batch 18: Beacons In Space
500 Demo Day Batch 18: Beacons In Space500 Demo Day Batch 18: Beacons In Space
500 Demo Day Batch 18: Beacons In Space500 Startups
 
500 Demo Day Batch 18: Codec
500 Demo Day Batch 18: Codec500 Demo Day Batch 18: Codec
500 Demo Day Batch 18: Codec500 Startups
 
500 Demo Day Batch 19: ChangeJar
500 Demo Day Batch 19: ChangeJar500 Demo Day Batch 19: ChangeJar
500 Demo Day Batch 19: ChangeJar500 Startups
 
500’s Demo Day Batch 17 >> TraceAir
500’s Demo Day Batch 17 >> TraceAir500’s Demo Day Batch 17 >> TraceAir
500’s Demo Day Batch 17 >> TraceAir500 Startups
 
500 Demo Day Batch 19: Eventxtra
500 Demo Day Batch 19: Eventxtra500 Demo Day Batch 19: Eventxtra
500 Demo Day Batch 19: Eventxtra500 Startups
 
500 Demo Day Batch 19: IDWall
500 Demo Day Batch 19: IDWall500 Demo Day Batch 19: IDWall
500 Demo Day Batch 19: IDWall500 Startups
 
500 Demo Day Batch 19: Unicorn
500 Demo Day Batch 19: Unicorn500 Demo Day Batch 19: Unicorn
500 Demo Day Batch 19: Unicorn500 Startups
 
500 Demo Day Batch 18: BigControls
500 Demo Day Batch 18: BigControls500 Demo Day Batch 18: BigControls
500 Demo Day Batch 18: BigControls500 Startups
 
500 Demo Day Batch 19: Cardlife
500 Demo Day Batch 19: Cardlife500 Demo Day Batch 19: Cardlife
500 Demo Day Batch 19: Cardlife500 Startups
 
500 Demo Day Batch 18: StreamLoan
500 Demo Day Batch 18: StreamLoan500 Demo Day Batch 18: StreamLoan
500 Demo Day Batch 18: StreamLoan500 Startups
 

Andere mochten auch (20)

500 Demo Day Batch 19: Shearshare
500 Demo Day Batch 19: Shearshare500 Demo Day Batch 19: Shearshare
500 Demo Day Batch 19: Shearshare
 
500 Demo Day Batch 19: Scopio
500 Demo Day Batch 19: Scopio500 Demo Day Batch 19: Scopio
500 Demo Day Batch 19: Scopio
 
500 Demo Day Batch 19: Homigo
500 Demo Day Batch 19: Homigo500 Demo Day Batch 19: Homigo
500 Demo Day Batch 19: Homigo
 
Dave McClure Batch 19 Demo Day
Dave McClure Batch 19 Demo DayDave McClure Batch 19 Demo Day
Dave McClure Batch 19 Demo Day
 
500’s Demo Day Batch 17 >> Cladwell
500’s Demo Day Batch 17 >> Cladwell500’s Demo Day Batch 17 >> Cladwell
500’s Demo Day Batch 17 >> Cladwell
 
500 Demo Day Batch 18: Voxeet
500 Demo Day Batch 18: Voxeet500 Demo Day Batch 18: Voxeet
500 Demo Day Batch 18: Voxeet
 
500 Demo Day Batch 19: Mojilala
500 Demo Day Batch 19: Mojilala500 Demo Day Batch 19: Mojilala
500 Demo Day Batch 19: Mojilala
 
500 Demo Day Batch 19: Pawprint
500 Demo Day Batch 19: Pawprint500 Demo Day Batch 19: Pawprint
500 Demo Day Batch 19: Pawprint
 
500’s Demo Day 2016 Series A >> StudySoup
500’s Demo Day 2016 Series A >> StudySoup500’s Demo Day 2016 Series A >> StudySoup
500’s Demo Day 2016 Series A >> StudySoup
 
500 Demo Day Batch 19: Kilife
500 Demo Day Batch 19: Kilife500 Demo Day Batch 19: Kilife
500 Demo Day Batch 19: Kilife
 
500 Demo Day Batch 18: Beacons In Space
500 Demo Day Batch 18: Beacons In Space500 Demo Day Batch 18: Beacons In Space
500 Demo Day Batch 18: Beacons In Space
 
500 Demo Day Batch 18: Codec
500 Demo Day Batch 18: Codec500 Demo Day Batch 18: Codec
500 Demo Day Batch 18: Codec
 
500 Demo Day Batch 19: ChangeJar
500 Demo Day Batch 19: ChangeJar500 Demo Day Batch 19: ChangeJar
500 Demo Day Batch 19: ChangeJar
 
500’s Demo Day Batch 17 >> TraceAir
500’s Demo Day Batch 17 >> TraceAir500’s Demo Day Batch 17 >> TraceAir
500’s Demo Day Batch 17 >> TraceAir
 
500 Demo Day Batch 19: Eventxtra
500 Demo Day Batch 19: Eventxtra500 Demo Day Batch 19: Eventxtra
500 Demo Day Batch 19: Eventxtra
 
500 Demo Day Batch 19: IDWall
500 Demo Day Batch 19: IDWall500 Demo Day Batch 19: IDWall
500 Demo Day Batch 19: IDWall
 
500 Demo Day Batch 19: Unicorn
500 Demo Day Batch 19: Unicorn500 Demo Day Batch 19: Unicorn
500 Demo Day Batch 19: Unicorn
 
500 Demo Day Batch 18: BigControls
500 Demo Day Batch 18: BigControls500 Demo Day Batch 18: BigControls
500 Demo Day Batch 18: BigControls
 
500 Demo Day Batch 19: Cardlife
500 Demo Day Batch 19: Cardlife500 Demo Day Batch 19: Cardlife
500 Demo Day Batch 19: Cardlife
 
500 Demo Day Batch 18: StreamLoan
500 Demo Day Batch 18: StreamLoan500 Demo Day Batch 18: StreamLoan
500 Demo Day Batch 18: StreamLoan
 

Ähnlich wie OpenDoor coliving

Top tips for Council new build: Hackney Council's Chartered Institute of Hous...
Top tips for Council new build: Hackney Council's Chartered Institute of Hous...Top tips for Council new build: Hackney Council's Chartered Institute of Hous...
Top tips for Council new build: Hackney Council's Chartered Institute of Hous...jameswillsher
 
CultureLabel Trend Briefing
CultureLabel Trend BriefingCultureLabel Trend Briefing
CultureLabel Trend BriefingREMIX Summit
 
Growing co operative social housing
Growing co operative  social housingGrowing co operative  social housing
Growing co operative social housingkarenebirch
 
Mario Wolf on Custom and Self Build Housing: the national picture. What does ...
Mario Wolf on Custom and Self Build Housing: the national picture. What does ...Mario Wolf on Custom and Self Build Housing: the national picture. What does ...
Mario Wolf on Custom and Self Build Housing: the national picture. What does ...Brighton & Hove Community Land Trust
 
KTGY Collection Pamphlet
KTGY Collection PamphletKTGY Collection Pamphlet
KTGY Collection PamphletTiffany Brown
 
The Apartment Effect
The Apartment EffectThe Apartment Effect
The Apartment EffectKEPHART
 
Baltic Creative Presentation
Baltic Creative PresentationBaltic Creative Presentation
Baltic Creative Presentationkerrymilton
 
The New (old) Planning for the Big Society
The New (old) Planning for the Big SocietyThe New (old) Planning for the Big Society
The New (old) Planning for the Big Societyfutureoflondon
 
NJ Future Redevelopment Forum 2020 - Bafitis
NJ Future Redevelopment Forum 2020 - BafitisNJ Future Redevelopment Forum 2020 - Bafitis
NJ Future Redevelopment Forum 2020 - BafitisNew Jersey Future
 
Collaborative Living: Moving People Towards Opportunity
Collaborative Living: Moving People Towards OpportunityCollaborative Living: Moving People Towards Opportunity
Collaborative Living: Moving People Towards OpportunityLoni Gray
 
The Culture Paradox (or why Shakespeare is Spanish)
The Culture Paradox (or why Shakespeare is Spanish)The Culture Paradox (or why Shakespeare is Spanish)
The Culture Paradox (or why Shakespeare is Spanish)Collections Trust
 
D Home Architect Showcase: Andra Maldovan
D Home Architect Showcase: Andra MaldovanD Home Architect Showcase: Andra Maldovan
D Home Architect Showcase: Andra MaldovanD Magazine Partners
 
#Smc mc allen bootcamp presenation
#Smc mc allen bootcamp presenation#Smc mc allen bootcamp presenation
#Smc mc allen bootcamp presenationAlan Weinkrantz
 
Ma ville presentation 6 reduced
Ma ville presentation 6 reducedMa ville presentation 6 reduced
Ma ville presentation 6 reducedkossing
 
City of Bridges Community Land Trust
City of Bridges Community Land TrustCity of Bridges Community Land Trust
City of Bridges Community Land Trustnado-web
 
David Barrie - Hive for better investments
David Barrie - Hive for better investments  David Barrie - Hive for better investments
David Barrie - Hive for better investments goodbiz.
 

Ähnlich wie OpenDoor coliving (20)

Top tips for Council new build: Hackney Council's Chartered Institute of Hous...
Top tips for Council new build: Hackney Council's Chartered Institute of Hous...Top tips for Council new build: Hackney Council's Chartered Institute of Hous...
Top tips for Council new build: Hackney Council's Chartered Institute of Hous...
 
CultureLabel Trend Briefing
CultureLabel Trend BriefingCultureLabel Trend Briefing
CultureLabel Trend Briefing
 
Growing co operative social housing
Growing co operative  social housingGrowing co operative  social housing
Growing co operative social housing
 
Mario Wolf on Custom and Self Build Housing: the national picture. What does ...
Mario Wolf on Custom and Self Build Housing: the national picture. What does ...Mario Wolf on Custom and Self Build Housing: the national picture. What does ...
Mario Wolf on Custom and Self Build Housing: the national picture. What does ...
 
KTGY Collection Pamphlet
KTGY Collection PamphletKTGY Collection Pamphlet
KTGY Collection Pamphlet
 
The Apartment Effect
The Apartment EffectThe Apartment Effect
The Apartment Effect
 
Baltic Creative Presentation
Baltic Creative PresentationBaltic Creative Presentation
Baltic Creative Presentation
 
The New (old) Planning for the Big Society
The New (old) Planning for the Big SocietyThe New (old) Planning for the Big Society
The New (old) Planning for the Big Society
 
Meanwhile space
Meanwhile space Meanwhile space
Meanwhile space
 
NJ Future Redevelopment Forum 2020 - Bafitis
NJ Future Redevelopment Forum 2020 - BafitisNJ Future Redevelopment Forum 2020 - Bafitis
NJ Future Redevelopment Forum 2020 - Bafitis
 
Collaborative Living: Moving People Towards Opportunity
Collaborative Living: Moving People Towards OpportunityCollaborative Living: Moving People Towards Opportunity
Collaborative Living: Moving People Towards Opportunity
 
The Culture Paradox (or why Shakespeare is Spanish)
The Culture Paradox (or why Shakespeare is Spanish)The Culture Paradox (or why Shakespeare is Spanish)
The Culture Paradox (or why Shakespeare is Spanish)
 
D Home Architect Showcase: Andra Maldovan
D Home Architect Showcase: Andra MaldovanD Home Architect Showcase: Andra Maldovan
D Home Architect Showcase: Andra Maldovan
 
Pro Housing Movement
Pro Housing MovementPro Housing Movement
Pro Housing Movement
 
#Smc mc allen bootcamp presenation
#Smc mc allen bootcamp presenation#Smc mc allen bootcamp presenation
#Smc mc allen bootcamp presenation
 
Low Cost ARTIST VILLAGE, BELAPUR .pdf
Low Cost ARTIST VILLAGE, BELAPUR .pdfLow Cost ARTIST VILLAGE, BELAPUR .pdf
Low Cost ARTIST VILLAGE, BELAPUR .pdf
 
Ma ville presentation 6 reduced
Ma ville presentation 6 reducedMa ville presentation 6 reduced
Ma ville presentation 6 reduced
 
City of Bridges Community Land Trust
City of Bridges Community Land TrustCity of Bridges Community Land Trust
City of Bridges Community Land Trust
 
Homes England - Making Homes Happen
Homes England - Making Homes HappenHomes England - Making Homes Happen
Homes England - Making Homes Happen
 
David Barrie - Hive for better investments
David Barrie - Hive for better investments  David Barrie - Hive for better investments
David Barrie - Hive for better investments
 

Kürzlich hochgeladen

Entrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizationsEntrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizationsP&CO
 
Introduction to The overview of GAAP LO 1-5.pptx
Introduction to The overview of GAAP LO 1-5.pptxIntroduction to The overview of GAAP LO 1-5.pptx
Introduction to The overview of GAAP LO 1-5.pptxJemalSeid25
 
Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..dlewis191
 
Plano de marketing- inglês em formato ppt
Plano de marketing- inglês  em formato pptPlano de marketing- inglês  em formato ppt
Plano de marketing- inglês em formato pptElizangelaSoaresdaCo
 
MC Heights construction company in Jhang
MC Heights construction company in JhangMC Heights construction company in Jhang
MC Heights construction company in Jhangmcgroupjeya
 
NASA CoCEI Scaling Strategy - November 2023
NASA CoCEI Scaling Strategy - November 2023NASA CoCEI Scaling Strategy - November 2023
NASA CoCEI Scaling Strategy - November 2023Steve Rader
 
Upgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking ApplicationsUpgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking ApplicationsIntellect Design Arena Ltd
 
The Vietnam Believer Newsletter_MARCH 25, 2024_EN_Vol. 003
The Vietnam Believer Newsletter_MARCH 25, 2024_EN_Vol. 003The Vietnam Believer Newsletter_MARCH 25, 2024_EN_Vol. 003
The Vietnam Believer Newsletter_MARCH 25, 2024_EN_Vol. 003believeminhh
 
Mihir Menda - Member of Supervisory Board at RMZ
Mihir Menda - Member of Supervisory Board at RMZMihir Menda - Member of Supervisory Board at RMZ
Mihir Menda - Member of Supervisory Board at RMZKanakChauhan5
 
Project Brief & Information Architecture Report
Project Brief & Information Architecture ReportProject Brief & Information Architecture Report
Project Brief & Information Architecture Reportamberjiles31
 
Live-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarLive-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarNathanielSchmuck
 
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdfChicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdfSourav Sikder
 
A flour, rice and Suji company in Jhang.
A flour, rice and Suji company in Jhang.A flour, rice and Suji company in Jhang.
A flour, rice and Suji company in Jhang.mcshagufta46
 
Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access
 
Tata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerakTata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerakEditores1
 
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for BusinessQ2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for BusinessAPCO
 
Data skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsData skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsyasinnathani
 
Slicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup BerlinSlicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup BerlinAnton Skornyakov
 
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)tazeenaila12
 

Kürzlich hochgeladen (20)

Entrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizationsEntrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizations
 
Introduction to The overview of GAAP LO 1-5.pptx
Introduction to The overview of GAAP LO 1-5.pptxIntroduction to The overview of GAAP LO 1-5.pptx
Introduction to The overview of GAAP LO 1-5.pptx
 
Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..
 
Plano de marketing- inglês em formato ppt
Plano de marketing- inglês  em formato pptPlano de marketing- inglês  em formato ppt
Plano de marketing- inglês em formato ppt
 
MC Heights construction company in Jhang
MC Heights construction company in JhangMC Heights construction company in Jhang
MC Heights construction company in Jhang
 
WAM Corporate Presentation Mar 25 2024.pdf
WAM Corporate Presentation Mar 25 2024.pdfWAM Corporate Presentation Mar 25 2024.pdf
WAM Corporate Presentation Mar 25 2024.pdf
 
NASA CoCEI Scaling Strategy - November 2023
NASA CoCEI Scaling Strategy - November 2023NASA CoCEI Scaling Strategy - November 2023
NASA CoCEI Scaling Strategy - November 2023
 
Upgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking ApplicationsUpgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking Applications
 
The Vietnam Believer Newsletter_MARCH 25, 2024_EN_Vol. 003
The Vietnam Believer Newsletter_MARCH 25, 2024_EN_Vol. 003The Vietnam Believer Newsletter_MARCH 25, 2024_EN_Vol. 003
The Vietnam Believer Newsletter_MARCH 25, 2024_EN_Vol. 003
 
Mihir Menda - Member of Supervisory Board at RMZ
Mihir Menda - Member of Supervisory Board at RMZMihir Menda - Member of Supervisory Board at RMZ
Mihir Menda - Member of Supervisory Board at RMZ
 
Project Brief & Information Architecture Report
Project Brief & Information Architecture ReportProject Brief & Information Architecture Report
Project Brief & Information Architecture Report
 
Live-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarLive-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry Webinar
 
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdfChicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
 
A flour, rice and Suji company in Jhang.
A flour, rice and Suji company in Jhang.A flour, rice and Suji company in Jhang.
A flour, rice and Suji company in Jhang.
 
Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024
 
Tata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerakTata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerak
 
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for BusinessQ2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
 
Data skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsData skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story points
 
Slicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup BerlinSlicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup Berlin
 
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
 

OpenDoor coliving

  • 2. 2   The mainstream real estate industry is out of touch with deeper needs, values and aspirations of Millennials. We are reimagining home for the collaborative age – as a platform for living with connection, creativity and purpose. We are building a residential real estate brand and national network of spaces for modern, shared living.
  • 3. Customer Profile and Need Millennials and Cultural Creatives seek out meaningful experiences + connections. •  25-35 y/o singles and couples •  Creative professionals, entrepreneurs, artists, freelancers etc. •  Desire lifestyle rich in learning, growth, creativity + community •  Sharing economy “natives” who choose experiences + access over ownership 3  
  • 4. Market Opportunity •  Alternative to random Craigslist roommates •  88% of Millennial renters live w/ roommates •  Coliving is a better roommate experience TAM of roommate renters = $105B 10% coliving market penetration = $10.5B 10% OpenDoor market share = $1.05B Millennial Renting Trends 4  
  • 5. 5   Home as a Lifestyle Platform People deeply crave a sense of community + belonging. We create collaborative living spaces that enable more meaningful, connected lives. We apply human-centered design to home, going beyond traditional real estate thinking to design spaces and culture for a better resident experience.
  • 6. •  Rent private room with access to beautifully designed + furnished common areas •  Live with close-knit group of like-minded people, as part of a true community •  Attend regular community dinners + outings •  Host or join interesting events, workshops, and creative projects •  Home serves as a learning + sharing platform •  Enjoy a clean, organized, and professionally managed space 6   The Resident Experience
  • 7. Value Proposition •  Sophisticated resident selection process •  Uniquely branded + themed spaces •  Community-building methodology to fosters authentic culture •  Furnished common areas + kitchen •  Shared food program •  Collective decision making tools •  Plug & play property management 7   We create the conditions for authentic community: systems, services + culture.
  • 8. Traction and Track Record •  3 houses, 38 residents, $6M AUM, and $50,000/mo in gross rents •  800+ person Bay Area waiting list •  Road-tested model + operations playbook •  3 partnerships with developers •  150 bedrooms in pipeline with developers •  National press + speaking engagements 8  
  • 9. 9   16BR 6400 sqft newly renovated Victorian, opened April 2014 12BR 5800 sqft 3-unit mixed-use building, opened March 2015 Purchased + remodeled by OpenDoor, raised $500K in equity 11BR, 6200 sqft historic manor, opened March 2016
  • 10. Profitability 10   •  Higher bedroom count + shared spaces increases density •  Higher profit real estate •  Simultaneously, Residents get more for less: more space, better amenities + highly desirable lifestyle
  • 11. 11   •  High-density urban •  Apartment building with 50+ bedrooms •  Split into 10-15BR coliving “pods” with common kitchen + living space •  Coliving is an inevitable movement, with new projects worldwide A New Housing Concept + Asset Class
  • 12. Real Estate Strategy •  Provide concept, brand + management •  Target larger properties (50+ bedrooms) •  Secure developer / owner partnerships for retrofits + new construction •  Sign-on consistent, large capital partners to back deals •  Roll out to a national urban network •  Mature into investment + development 12  
  • 13. The Team   13   Ben Provan, cofounder Jay Standish, cofounder Stonington Cox •  Role: COO: Systems, Finance, Product Cornell Mechanical Engineer + Product Designer •  MBA in Sustainable Systems, Pinchot University •  Role: CEO: Brand + Business Development •  Co-founder Impact Hub Seattle •  MBA in Sustainable Systems, Pinchot University •  Role: Board Member, Real Estate Advisor •  15yr real estate professional •  9 years investment banking + private equity •  MBA Columbia Business School  
  • 14. Advisory Board   14   Rahmin Sarabi Strategy Advisor Eric De Feo Brand + UX Advisor + Investor Jessy Kate Schingler Coliving Advisor + Co-founder. Jeff Mendelsohn Entrepreneurship Advisor Charley Long Real Estate Advisor