When one door closes … Opendoor CEO Eric Wu steps down, CFO Carrie Wheeler steps in as new chief executive
Opendoor co-founder Eric Wu announced today that he is stepping down from his role as CEO of the real estate technology company and that Carrie Wheeler will be taking over as chief executive. In a blo
Opendoor lays off about 550 employees, or 18% of its workforce
Opendoor is letting go of about 550 people, or 18% of the company, across all functions, its co-founder and CEO Eric Wu announced in a blog post today. The real estate technology company is one of man
Complete helps startups think through the ‘why’ and ‘how’ of employee pay
For early-stage startups looking to hire new talent, it’s not enough to make one-off decisions about pay as each new employee comes on board. Constructing a coherent philosophy around compensati
Felicis, Lux Capital and Upfront Ventures tackle TAM at Disrupt
Perception is everything — especially when it comes to the value of software startups and total addressable markets (TAM). During 2020 and 2021, as COVID bit into the economy, tech products turned o
Daily Crunch: Sheryl Sandberg is out at Meta, and Zuckerberg’s not looking for a new COO
Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
FTC slams Opendoor with $62M settlement over false advertising claims
Opendoor has agreed to pay $62 million to settle charges by the Federal Trade Commission, which says the company’s claims that it helps people make more money by selling their house to the company r
Casavo, an Opendoor-style proptech from Italy, raises $410M to expand its instant buyer platform across Europe
Opendoor opened the door, so to speak, to the idea of applying technology to the concept of house flipping to both scale the opportunity and make it considerably more efficient. While its share price
Opendoor alums raise $7.75M for Kindred, a home-swapping network it says makes travel ‘dramatically more affordable’
With more people working from home than ever, the desire to take advantage of that newfound flexibility to travel has been greater than ever. But just because you have the ability to travel and work f
Clikalia clicks on $86M to expand its iBuyer marketplace across Europe and Latin America
Companies like Opendoor opened the door to a new way of buying and selling properties by inserting a strong middle player who could buy houses or apartments and redevelop them at scale, and then sell
Norwest unveils a $3 billion fund, which is nearly one-fourth the capital it has ever raised
Norwest Venture Partners, the now 60-year-old venture and growth equity firm backed entirely by the banking giant Wells Fargo, today rolled out its sixteenth fund, a $3 billion vehicle and its biggest
NFT music rights startup Royal banks $55M investment led by a16z Crypto
Less than three months after announcing a $16 million seed round led by Founders Fund and Paradigm, NFT music rights startup Royal has raised another major round of funding, banking a $55 million Seri
Did Zillow get high on its own supply?
Hello and welcome back to Equity, a podcast about the business of startups where we unpack the numbers and nuance behind the headlines. This is our Wednesday episode when we niche down to a single top
What does Zillow’s exit tell us about the health of the iBuying market?
Selling an asset at a loss is a bad idea in most areas of business, but it is a particularly bad idea in a market where sales cycles are slow, unpredictable and largely out of your control.
Zillow may be pulling up the welcome mat, but rival Opendoor is expanding into new markets
Zillow announced that it was hitting pause on its iBuying operations earlier this week, but rival Opendoor says it is expanding operations and plowing ahead.
Nomad Homes raises $20M to create a personalized house hunting platform for Europe, Middle East
The company is creating its own MLS for the regions and applies technology to the expertise provided by local customer services experts who assist from the initial search to closing on the home.
Founders Fund backs Royal, a music marketplace planning to sell song rights as NFTs
Founders Fund and Paradigm are leading an investment in a platform that’s aiming to wed music rights with NFTs, allowing users to buy shares of songs through the company’s marketplace, ear
Playbook, which aims to be the ‘Dropbox for designers,’ raises $4M in round led by Founders Fund
When Jessica Ko was head of design at Google and then Opendoor, she realized that her teams spent about 90% of their time digging around Dropbox looking for assets. In many cases, they’d find older
Monad emerges from stealth with $17M to solve the cybersecurity big data problem
Cloud security startup Monad, which offers a platform for extracting and connecting data from various security tools, has launched from stealth with $17 million in Series A funding led by Index Ventur
Mindset, an artist-driven mental wellness audio platform, raises $8.7M in seed funding
Mindset, a platform featuring personal story collections from recording artists, announced today that it raised $8.7 million in seed funding. As co-founders of the K-pop-focused podcast production com
SoftBank makes mountains of cash off of human laziness
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.