Thats a nice, easy way to get ahold of me. Its become a part of peoples daily lives that use it on an ongoing basis throughout the country. I came back to my wife after probably four-and-a-half months, at least, and she kept asking, When are you getting your job? One day, I said, You need to come home tomorrow. I think that also ties nicely into culture and the intention about that. I need to understand how these things work. So, I finally bought one, and then I graduated and worked in a startup for one of my fraternity brothers, making half as much as all my friends did. How do you guys make money for the people that are listening? They have too many, and theyre just on a wall, and no one really thinks about them. : Id say definitely the people. His name is Arean, and hes very talented, and I think in the first year, it was just he and I coding. In our case, we happen to have three to make it easy. Successful minimalist websites are a rarity, but Drudge Report (which generates more than 750 million page views per month) and Craigslist are two that have bucked the trend. Nick Huzar: By the way, he would hate it if I called him an engineer because he is definitely more than that. We said, Who are the people that are striving here, and why? You look at driven, for example. They created OfferUp to create a simpler and more trusted way to buy and sell locally one in which users leverage the power and ease of their smart phone to take photos and then list and sell items in a more seamless way. We didnt see any examples of what we were doing in a smartphone. I used to go to Goodwill stores, and Id realized the cars never stopped. I think an important lesson for people that are building businesses: have an amazing significant other thats understanding because had she said no, we wouldnt be talking right now. That was a lot of work. I had a wife that was working, and I had a daughter on the way. Well continue to obsess over liquidity. Nick Huzar Email Address Found 5 email address listings: @dealspringer.com @offerup.com @konnects.com @gmail.com @offerupnow.com Nick Huzar Phone Number Found 6 phone numbers: 206-356-XXXX 253-356-XXXX 804519XXXX 210538XXXX 425-291-XXXX +1 more View Nick's Email & Phone (It's Free) 5 free lookups per month. In fact, short story, I took out a bunch of student loan debts to buy my first computer, which back then was $2,200. : Got it. We made a lot of mistakes hiring. I think that were going to really enjoy the guest that we have today. is the queen taller than the king in chess; all inclusive wedding venues under $5,000; david meade obituary In fact, the first code that I ever wrote for OfferUp was sitting in a Goodwill parking lot all day, and I was just sitting there starting to code, starting to think about and mapping out how Goodwill works or how Value Village works or how the existing eCommerce players work. Its also a lot of work. The first thing in my mind was not, Hey, theres something here. She is a rapper, singer, and songwriter from Trinidad & Tobago. Nick Huzar, CEO of OfferUp at a Startup Grind event. This documentary-style series follows investigative journalists as they uncover the truth. Within a year, year and a half, I was loving the internet. To give you an idea of scale, weve been installed about 90 million times. Thats interesting. So, Im sure he thinks what Im doing is a little crazy to him. In this technology shift, Huzar and van Veelen saw massive opportunity, particularly as Craigslist did not adapt to the new mobile paradigm. I think thats a great idea. He and I threw in $800 the first event. That would have just ended it for me. If you look at annual adoption from our customers, were looking at over 44 million. I analyzed every way, everybody. On the promotions bucket, we have what we call 1P ads, and thats simply going into the product, and the seller can decide to increase their visibility and pay either one time or a subscription to dramatically increase the visibility of their listings. What do you think? I said, Hey. I cant exist without my computer. I go back to even reflecting on my own decisions. Tell us about the turning page here, going into a new chapter. You may opt-out by. Even though we have these amazing giant tech companies, we still think theres a huge opportunity in local, and thats going to be our focus and continue to be our focus. . We had SUN and Cisco sponsoring these events to the tune of $10,000 each, every month. What are you going to go do? Im going to go hire people to build all this for me. My response is usually, Thats probably not going to work. If you just had the idea, you need to bring more to the table. And, by the way, I never told the seller that I worked at OfferUp. Little did we know social media was coming. Prior to Konnects, Nick Huzar played a key role on the web team at T-Mobile for 3 years where he was pivotal in leading the development and integration of web applications. That was a lot of work. While consumer commerce continues to evolve in specific areas, its rare to have a company completely redefine the marketplace experience from start to finish. We partner a lot with local car dealerships, and we help them to be more successful by integrating with their inventory management system. So, Nick, for the folks that are listening, what is the best way for them to reach out and say hi? They claim and aim to increase this amount further as time passes. Its not just up and to the right. We had this concept of why cant we just emulate that online? One is promotions, and thats simply helping sellers to be more successful. Nick Saban is the highest-paid college football coach in the world, and his salary matches his reputation . In fact, this chair Im sitting inin my office is from OfferUp. We didnt see any examples of what we were doing in a smartphone. In her 2016 Internet Trends report, Mary Meeker, a senior partner at venture firm Kleiner Perkins Caufield and Byers, wrote that OfferUp users spend an average of 25 minutes per day on the OfferUp app, which is the same amount of time users spend on Instagram and Snapchat (and more time than on both Pinterest and Twitter). So, there were a series of different changes over a period of time to be explored. Angel, Fund of Funds, Venture Capital), Number of Investments the Individual has partnered in, Total number of current Jobs the person has, Total number of events the individual appeared in, Number of news articles that reference the Person, Founder, President & Chief Product Officer and CEO. Van Veelen also worked at start-ups, including with Huzar at Konnects, a networking platform. What would you say was the most painful and the biggest lesson, at the same time, for you? Ultimately, they decided to close it down. Earlier in his Career Nick held positions at T-Mobile and Microsoft. We sell a ton of cars at OfferUp. How do you guys make money for the people that are listening? Total Nick Huzar Net Worth in 2021 $1 Million - $5 Million (Approx.) You have a lot more exposure across the country. I was leading projects for Paramount Parks. : There, you talked about, Arean, your co-founder, and you were mentioning that hes an amazing engineer, and Im sure that there are a lot of people that are listening now that are maybe looking for a tech co-founder. He did a lot of back-end database. What an amazing business that youve built with OfferUp. My wife is also my boss. You can literally use it for almost anything. Again, you have to convince people why do they want to come along in this journey, this risk of this fun, proven idea? Tell us about the early days, and also how you incubated the concept of the idea. We raised millions of dollars, mostly from angels. I kept thinking about that moment in the doorway, and I kept looking at my iPhone, which is the second-gen iPhone, and at this time, theres no Android phone even on the scene. So, we built the first online ticketing for them. Why? I didnt get halfway through it, and my wife said, This is the biggest idea youve ever had. If you want me to help you with your fundraising, just book a call. We could make it a visual experience, this kind of geo-aware. There are plenty of things that you just dont sign up for that you have to address as somebody thats, : For sure, and especially during the early days when you dont have anything tangible, its like literally all in your own head, and its helping people understand what that canvas looks like. Your email address is 100% safe from spam! 2022.7.1; prince of wales hospital hong kong address; Tweet; Share +1; Hatena; RSS . Most days, I feel like I am playing with Legos. Alejandro: Very nice. I was leading projects for Paramount Parks. Hes seen the ups, the downs, and obviously, now, hes seen a lot of traction. Thats probably the biggest one. Well continue to obsess over liquidity. For some people, thats not comfortable, so you need people that can zig and zag with the company as it scales. I think that also ties nicely into culture and the intention about that. We would find that handful of engineers, and we would pay them. We thought to ourselves, why couldnt you just build a platform that would enable anybody to build basically what is now known as social media? Again, given my artistic bent, I taught myself Photoshop. Our belief back then was everyone would have a smartphone, and now everyone will say, Well, duh! But that was one assumption. : Thank you so much for having me. The only examples we could look to at the time were dating sites. I could code that. Then, also, the dot-com bubble hit, and everyone stopped sponsoring those events. Founded in 2011, the peer-to-peer commerce marketplace generated more transactions in less than five years than EBay North America had generated in its first 10 years. Then, adaptable. OfferUp is the largest mobile marketplace in the USA. : So, you got the blessing from the boss-in-house. If you had the opportunity to go back in time, knowing what you know now, and give your younger self one piece of business advice before launching a company, what would that be and why knowing what you know now? I need to understand how these things work. So, I finally bought one, and then I graduated and worked in a startup for one of my fraternity brothers, making half as much as all my friends did. For me, the most basic way, when I started an offer up, I came up with a design. For years, Craigslist has been the go-to website to buy and sell used items online. I can work with engineers, and tie into databases, and be functional. Its not engineering for the sake of engineering. We had been married, and we always wanted to have kids. I dont think we even had core values or anything. I left, and I had a co-founder and an investor that ran it for another year. Thats been the whole focal point of the business since Day One. brooke posch wedding; cockatiel breeders nsw Men umschalten. I had a mother who was a therapist, so I like to think Im a pretty good mix of both of my parents, which happens to, I think, be an advantage given what I work on. How will you associate putting paint on a canvas with perhaps building and scaling a business? : Very nice. What do you look for in culture? Nicki Minaj Net Worth. Will His AI Plans Be Any Different? Its not necessarily just aboutyoull find the most talented people you can, but you want to make sure theyre also rowing the same direction for the rest of the company. Nick Huzar is CEO and Co-Founder of OfferUp. In fact, the first code that I ever wrote for OfferUp was sitting in a Goodwill parking lot all day, and I was just sitting there starting to code, starting to think about and mapping out how Goodwill works or how Value Village works or how the existing eCommerce players work. Partner Investments Number of Partner Investments 1 Jobs Number of Current Jobs 1 We give them promotions and analytics. We were making more money doing that than we were in our day job. Youve got a job. Thats probably one of my biggest painful lessons from back then. One is core values, and the other is operating principles. He only had one job. His name is Arean, and hes very talented, and I think in the first year, it was just he and I coding. With her blessing, I decided to move forward and dedicate all my time to building up what is now OfferUp. Zack Friedman is the founder of Make Lemonade, a personal finance platform that offers free and unbiased financial advice, including to the over 40 million borrowers looking to manage,repayand save money on their student loans. Rather than specify a price, sellers can also list their item as not firm on price, which means buyers are able to chat and negotiate with sellers before deciding on a price. Im happy to chat. Ask Jeff Jordan, a general partner at Andreessen Horowitz (an OfferUp investor), the former president of PayPal and the former president and chief executive officer of OpenTable. What is in the retail store down the street, and why dont people know that those things exist in there. Buyers can then message sellers to meet, and then pay for items through the app or in person. An example of that is, can I take complex problems and distill them down? The other one was the cameras would get better, and we could leverage that. This guy that I worked with, he was like, I want to go through a big event together and bring all these different tech companies together in the Seattle area. The boss, obviously, in your life. As new fathers, they needed to sell their old belongings to make room for their newborns, but felt limited by the existing online options. When you first open up the OfferUp app, there are a lot of different things that we are doing and surfacing to buyers on the platform because were trying to find things that we think people are really interested in. He has an estimated net worth of $15 million, which includes his luxurious home in Canberra, Australia. Its become a part of peoples daily lives that use it on an ongoing basis throughout the country. They had a bunch of theme parks, but they had no online ticketing. : When I left Konnect, I had no intention of leading another company. Ive got to go get a job. Im out there interviewing for a job and spending a bunch of time on that, but I think like any good ideas, for entrepreneurs that are out there, I believe that if you cant get it out of your head, you should listen to that voice. I had a room full of stuff. I would build out the website. Again, you have to convince people why do they want to come along in this journey, this risk of this fun, proven idea? I had a room full of stuff. In this episode, we hear how she became a sponge for product design, figured out how to make accessible yet high-end jewelry, and how she even relocated to China for the better part of a year to personally see to her brand's manufacturing. I think thats another learning lesson Ive seen over the years where you have people that have these ideas, and they say, Im going to go do this. My response is, Okay. Or, for BMX, we built their first-ever eCommerce website. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Oils $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? Then once people are hired and we interview for the best, we have what we call our Operating Principles. We had SUN and Cisco sponsoring these events to the tune of $10,000 each, every month. : Very nice, and very timely given the times that were living in. Van Veelen. He did a lot of back-end database. Like I said, its been a lot of work, and as you mentioned, I was sleeping on an air mattress, which is not that comfortable. That was the idea behind it. I have a trampoline that I purchased. From the tough moments, from the tough experiences is where we learn the most. Thiel was the first angel investor in Facebook with a $500K check that turned into more than $1 billion in cash. : I think so far, weve raised 260, and then we just announced this latest financing, and well be raising another 120 million. The pitch is, why is value sitting, and why is it sitting all around us, and why cant we see it. Or, diving deep. We were never going to beat and become something like a Facebook. I could design all the apps, but Im not a great back-end engineer at all. Thats what we did for a while. Today, you see a lot of apps that have this long, infinite scrolling pic list of pictures. So, thats the time in history when I graduated. To date, OfferUp is the largest mobile market place in the United States, where people are using our app to buy and sell anything from cars to shoes to furniture. OfferUp is a national platform, but the goal is to buy and sell items within a users local community. Neighborly: we have a no asshole policy. But if you peeled away the branding, you realized that under the hood, they all kind of functioned the same. Product. Id say as hard as it is, the people are everything. Under Huzar, the Bellevue-based company reached a valuation of $1.4 billion as of 2018 and had over 56 million users in 2020, but Huzar said he hopes letting go of his CEO duties will give him . It was to explore, like more of the treasure hunt type of experience. The company has raised $380 million from top tier investors such as Andreessen Horowitz, GGV Capital, Tiger Global Management, Warburg Pincus, T. Rowe Price, and Allen & Company to name a few. Alejandro: Ive heard you talk about core values a few times and how that ties into culture. Alejandro: And this led you in your 20s to your first company. Ive got to go get a job. Im out there interviewing for a job and spending a bunch of time on that, but I think like any good ideas, for entrepreneurs that are out there, I believe that if you cant get it out of your head, you should listen to that voice. : Marketplaces are obviously a beast. As of February 2023, Nick Jonas' net worth is estimated to be $70 Million. He has founded many companies which are doing very well. Previous to OfferUp Nick cofounded Konnects raising $6M in capital, scaling to over 1M users within 18months. How did venture capitalists view the investment opportunity? He coded our first Android app in the summer, all by himself. We started very early, way before Friendster, way before Myspace. With over 33 million downloads and more than $14 billion in transactions, OfferUp is now the largest mobile marketplace in the U.S. Also, I spent a lot of my time in a private art class most of my life, which again, as we talked about, building up companies, and I think theres a lot of creativity involved in that, so thats been part of who I am. We were never going to beat and become something like a Facebook. So, we found a handful of people that were willing to actually do that at that time. The hottest area in real estate is not commercial, is not residential; its actually storage. OfferUp has a very visual interface so the quality of your photos can impact how many offers you receive. I had a blessed upbringing. Is that right? Definitely, Im sure that creativity and how your mom pushed you in that regard, perhaps has had an incredible influence in your career. We sell a ton of cars at OfferUp. So, another great learning lesson I had is, find partners and co-founders that are very different than you and can complement the areas youre not that strong in. Here, I think that you were alluding to it by hiring the wrong people, maybe not having the right people seated in the right seats. Success is not a linear line. So, to jump into another startup was the last thing in my mind. He bagged this fortune because of his hard work and his excellent gaming skills. We expect people to dive deep into things like that. OfferUp also found that 46% of respondents find it difficult to meet their household expenses on time each month, and 50% have more than $1,000 in credit card debt. Dont cut corners on that. She has made most of her net worth through her record sales as well as her music tours. I look forward to it. How deep in the business are you going and understanding the metrics and inputs and the outputs, and we expect that from everybody, whether an executive or somebody on the frontlines of our customer service team. Her salary is under review. Thats been a big part of it. : And this led you in your 20s to your first company. The other one was the cameras would get better, and we could leverage that. "Nick and Arean did a fantastic job rethinking what a smartphone could do to deliver an easier, faster and more enjoyable user experience for both buyers and sellers, which in turn has driven both liquidity and virality in the marketplace," said Justin Sadrian, a managing director at Warburg Pincus, an OfferUp investor. We hired. Im thinking to myself, Chill me now. We could leverage chat. Id say as hard as it is, the people are everything. : Yeah, definitely. Nick Huzar: During my Konnects experience? He was definitely that. You want to find the right people to believe in where youre going and are really motivated and excited about that. Why is it that way? It was event networking, but this led to your real first experience, which was Konnects Inc. Tell us about this. Dont cut corners on that. Id say a good healthy portion of my house, probably over half of my house are things I bought from OfferUp. In the first year, I think the hard part was, I had convinced a brilliant engineer that I worked with and connected to co-found OfferUp with me. So, good stuff. Its not necessarily just aboutyoull find the most talented people you can, but you want to make sure theyre also rowing the same direction for the rest of the company. I think in any business, you have to bring more to the table than an idea, and you have to be able to contribute. In this case, it led you to where you are today. We give them promotions and analytics. Nick Huzar: Id say definitely the people. Arean van Veelen (left) and Nick Huzar (right) are the co-founders of OfferUp. So, thats the time in history when I graduated. You add all these things up, and I kept thinking to myself, I think while there are existing solutions for this problem, I dont think theyre meeting the needs of people, clearly. The other one is payments. He is becoming more successful day by day and will soon surpass his current net worth. You have a lot more exposure across the country. That was the whole idea. Theyre constantly in this process of bettering themselves. So, Im sure he thinks what Im doing is a little crazy to him. Again, because were always focusing on removing friction. You add all these things up, and I kept thinking to myself, I think while there are existing solutions for this problem, I dont think theyre meeting the needs of people, clearly. So, Nick, for the folks that are listening, what is the best way for them to reach out and say hi? Can I communicate succinctly? Then, adaptable. Respondents feel that it is easier to donate than sell, citing the required time investment and amount of work. The second promotional area is our auto business. I think were probably one of the top places in the country in terms of units. I think thats another learning lesson Ive seen over the years where you have people that have these ideas, and they say, Im going to go do this. My response is, Okay. Here, I think that you were alluding to it by hiring the wrong people, maybe not having the right people seated in the right seats. We started very early, way before Friendster, way before Myspace. I feel like if you get those things rightsure, there are plenty of other challenges, but theyre going to be a lot easier to navigate if you have the right people on the bus. I knew I was passionate about computers. Im sure that all those experiences and lessons with Konnects you were able to apply them here. Biden Hears Oval Office Plea for Alaska Oil Project in Lobbying Frenzy, Your Saturday Briefing: Trumps Comeback Plan, Wall Street Whistles Away, British Parents Turn to Home Equity to Help Young Buy Property, Japanese Unions Seek Biggest Pay Rise in 25 Years for Workers, Sorry, Fed, Most US Mortgage Rates Were Locked In During Pandemic Lows. Now, in terms of the business itself, how big is the platform, or can you talk to us about the number of employees or users that are using this so that people get a sense of the operation? The Net worth of Nick Viall is still yet to be revealed. I can work with engineers, and tie into databases, and be functional. And, by the way, I never told the seller that I worked at OfferUp. I would build out the website.