- HIVE 50 CATEGORY: CAPITAL
Founded in 2014 by Keith Rabois, Eric Wu, Ian Wong, and JD Ross, Opendoor is an online platform that has transformed the way homes are bought and sold. After entering basic details about their home, sellers can receive a competitive offer in a few clicks, skipping the stressful home showings and months of uncertainty that accompany the traditional home selling process. Within 48 hours, the Opendoor team prepares an offer based on local market data and the information sellers provide. Opendoor streamlines the home buying process by allowing potential buyers to view hundreds of homes online or via the mobile app. A one-year warranty and 30-day money-back guarantee further eliminate stress associated with the home buying experience. Thousands of customers have made use of this innovative home finance solution, which to date has reached Phoenix, Las Vegas, Atlanta, and Dallas-Fort Worth, Texas.