nick huzar net worth 2020

Then, adaptable. How many employees do you guys have, Nick? This is a BETA experience. As I move from work or wherever Im at, I just want to be able to open up the app and see and discover things that are all around me. 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 had, of course, a ton of energy and excitement. Also, remember, if you need any help, whether it is with your fundraising efforts or with selling your business, you can reach me at [emailprotected]. University of Seville Alumni Founded Companies, College of Charleston Alumni Founded Companies, West Coast Companies With Less Than $10M in Revenue (Top 10K), University of Texas Alumni Founded Companies, University of North Florida Alumni Founded Companies, Chapman University Alumni Founded Companies, Colorado State University Alumni Founded Companies, University of Limerick Alumni Founded Companies, University of Notre Dame Mendoza College of Business Alumni Founded Companies, Florida Institute of Technology Alumni Founded Companies, Total number of current Advisors and Board roles the person has, Number of Organizations that the person founded, The organization associated to the person's primary job, Where the person is located (e.g. That was the whole idea. OfferUp is that type of company and it has been rewarded by a fiercely loyal and engaged user base, and explosive growth. What an amazing business that youve built with OfferUp. Nick Huzar: Thank you so much for having me. Buyers can then message sellers to meet, and then pay for items through the app or in person. As of February 2023, Nick Jonas' net worth is estimated to be $70 Million. Perhaps they will also appreciate it. 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. The first thing in my mind was not, Hey, theres something here. This is going to take me a whole weekend just to post these items online yourself. Alejandro: Very nice, and very timely given the times that were living in. We had been married, and we always wanted to have kids. So, Im sure he thinks what Im doing is a little crazy to him. What is in the retail store down the street, and why dont people know that those things exist in there. Ultimately, they decided to close it down. : Id say definitely the people. A few other stats that I think might be interesting about our OfferUp community and usage is, especially with this transaction coming together, well have 20 million users across the U.S. We also have a lot of our top markets where we started to see double-digit growth. I think Ive even learned that mistake early on at Konnects, but I think at OfferUp, we definitely made mistakes there too. Weve always focused a lot on this excess of sellers and buyers and connecting them. I was fortunate to sit next to engineers who taught me how to code. Id say as hard as it is, the people are everything. 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. We hired. Particularly, the browsing experience when you first open up the app. He was able to figure things out. Thats been the whole focal point of the business since Day One. Thats what we did for a while. Huzar wanted to change that, so the company partnered with the non-partisan Civic Alliance to offer voting information to all OfferUp employees and, via a link in its app, to millions of customers . That was the idea behind it. Little did we know social media was coming. 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. 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. We were finding that theyre able to sell cars way faster by signing up for this program. Net Worth & Salary of Nick Hanauer in 2023. He understands engineering is just enabling an outcome. As of March 2023,Nicki Minaj has an estimated net worth of over $100 million. I think the learning lesson was interesting because we realized that networking is valuable, but its also inefficient. : When I left Konnect, I had no intention of leading another company. I left, and I had a co-founder and an investor that ran it for another year. Moreover, I also provided a commentary on a pitch deck from an Uber competitor that has raised over $400 million (see it here). How is your office laid out? Id say as hard as it is, the people are everything. I can design things, and then I can cut them up, and I can make them interactive. Then, also, the dot-com bubble hit, and everyone stopped sponsoring those events. If you can imagine five guys sitting down in a room coding with just stuff everywhere, thats what our first office looked like. An example of that is, can I take complex problems and distill them down? Despite these statistics, 68% plan to donate their unneeded items, and more than one in eight people planned to throw them in the trash. Nick Lachey is an American singer, actor, songwriter, television personality, and host who has a net worth of $25 million. 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. Its also a lot of work. This is going to take me a whole weekend just to post these items online yourself. Nick Huzar: I think businesses are about people, so when I think about it and when I think about the investors and the team. One is core values, and the other is operating principles. It wasnt to be great in search like other marketplaces are. Id say our vision, as you think long-term, is really to help people to connect and prosper. 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. Why I definitely appreciate him is, he definitely thinks a lot like an engineer, but he also has a great business mind. Sometimes Nicholas goes by various nicknames including John N Huzar, Nicholas J Huzar, Nicholas John Huzar, Nick Huzar and Nick J Huzar. How many employees do you guys have, Nick? 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? So, Im sure he thinks what Im doing is a little crazy to him. I dont think we even had core values or anything. We didnt see any examples of what we were doing in a smartphone. So, when we built out shipping, we said, Why not just enable this so you can continue to do local transactions, but now you dont even need to get in your car. And it opens up the nation for buyers and sellers. My wife is also my boss. I think the learning lesson was interesting because we realized that networking is valuable, but its also inefficient. There are plenty of things that you just dont sign up for that you have to address as somebody thats running a business, but I think of companies as the ultimate creative experience. There he designed the original platform and directly managed the engineering and design teams in addition to his daily duties as the companys Chief Technology Officer. Youve been at it now for quite a while with OfferUp and also what you did with your previous initiatives, like Konnects. We said, Who are the people that are striving here, and why? You look at driven, for example. Nicki also makes millions through her endorsements deals for big brands like Pepsi. There were thousands of them. So, we built the first online ticketing for them. That was my first big venture out on my own raising money, building out a team, everything associated with building a company. I think I learned a lot of painful learning lessons from doing that. The founders furnished the companys headquarters with a Yoda statue and Stormtrooper suit that they purchased from the OfferUp app. Like I said, in any small startup, thats got to be there. It was more, Can you do the work? The founder and co-founder, Nick Huzar and Arean van Veelen do not plan to stop here. Our homes are actually 30% larger than the 1950s, but were having less children. 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? Musk Made a Mess at Twitter. : Very nice. Now valued at over $1 billion, OfferUp is no different. Europe, Menlo Park, China), Where the person is located (e.g. : Definitely, you learned the sleeping on an air mattress and living in the office. Amazing. Okay, great. Again, because were always focusing on removing friction. Again, were only in the United States. He set up our entire first back-end system on AWS. Arean van Veelen (left) and Nick Huzar (right) are the co-founders of OfferUp. Thats probably the biggest one. So, obviously, part of the startup experience too. Read More: Bill Powers On Raising $500 Million To Improve Your Driving Behavior. He has an estimated net worth of $15 million, which includes his luxurious home in Canberra, Australia. He definitely did that, and I feel like I did that. The shoes Im wearing are from OfferUp. In our case, we happen to have three to make it easy. Today, you see a lot of apps that have this long, infinite scrolling pic list of pictures. You can literally use it for almost anything. OfferUp plans to invest in product innovation and will hire for open roles a stark contrast to many tech startups that are trimming headcount due to . New OfferUp CEO Aims To Grow Commercial Side Of Local Commerce Platform, COVID Creates A Sellers Market In reCommerce, OfferUp CEO: Reinventing Commerce One Local Seller At A Time, Online marketplace OfferUp raises $120M, acquires top competitor letgo, Mobile marketplace OfferUp adds Hold Offers feature as it battles Craigslist, eBay and Facebook, OfferUp launches new Autos section focused on buying and selling used cars, OfferUp Keys In On Used Car Market With the Launch of OfferUp Autos, OfferUp launches SafeTradeSpots.com in conjunction with AIM Group, OfferUp Expands Its Local Marketplace, Launches Nationwide Shipping. Theres a handful of operating principles that we use, and then for people that are on the interview loop, we ask them to ask some questions to probe for those, and we also bring those principles into our performance reviews. We sell a ton of cars at OfferUp. So, we built the first online ticketing for them. What would you say was the most painful and the biggest lesson, at the same time, for you? The hottest area in real estate is not commercial, is not residential; its actually storage. He was definitely that. We hired too quickly and didnt have a focused strategy, and we werent intentional about culture, and we can talk about how that has changed now at OfferUp, but thats another thing. Today, we offer that via shipping. I remember when we launched it, one of the questions was, Are we now becoming like other online businesses wherewhy are we focusing on shipping? My response to that was, We are about removing friction. There are many times when you wont even get in your car to drive 30 minutes for an item. People were throwing money everywhere. Little did we know social media was coming. So, Nick, for the folks that are listening, what is the best way for them to reach out and say hi? 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. 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. Its not just up and to the right. 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. In the last years, as we got more intentional about this, we say, Okay, every review cycle, half of your review is the overall performance in getting the work done. So without further ado, Id like to welcome our guest today, Nick Huzar, welcome to the show. I think it was good. We have markets like LA and Phoenix, for example, where over 18% of the adult population is now using OfferUp on a monthly basis. : Very cool. I can work with engineers, and tie into databases, and be functional. We were never going to beat and become something like a Facebook. The other half is how did you do the work. We raised millions of dollars, mostly from angels. I think I was making $27,000 a year back then. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. Follow Zack on Twitter and read his columns in Forbes. Our homes are actually 30% larger than the 1950s, but were having less children. Nick Huzar: What I love about building companies. 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. 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. While consumer commerce continues to evolve in specific areas, its rare to have a company completely redefine the marketplace experience from start to finish. I know that OfferUp was also a result of doing a pivot. The only examples we could look to at the time were dating sites. So, were looking to grow not only our Seattle office, but we also have an office in Miami as well. We learned through that experience. Other OfferUp investors include Coatue Management, Tiger Global, T. Rowe Price, Allen & Company, High Line Venture Partners, GGV Capital, Third Kind Capital, Altimeter Capital and Vy Capital, among others. For years, Craigslist has been the go-to website to buy and sell used items online. I could code that. But if you peeled away the branding, you realized that under the hood, they all kind of functioned the same. 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. : What I love about building companies. 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. Nick Hanauer Net Worth. Between he and I, we were able to build the first website, the first mobile app. Okay, great. We only raised about $100,000 our first year, but we didnt have an office space. : I understand that you guys have raised quite a bit of money for the business, too. 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. Alejandro: Then, after this, you ended up leaving, and then the company ended up closing down. What would you say really made him such an amazing tech co-founder? OfferUp has raised over $221 million from some of the smartest minds in technology and finance, including one of its most recent investors, Max Levchin, co-founder of PayPal and co-founder and chief executive officer of Affirm. Its not engineering for the sake of engineering. I think you need to do it. As soon as she gave me the blessing, I completely stopped interviewing, and I went all-in on OfferUp. This is so creative. I'm Nick Huzar, the cofounder of OfferUp, the largest local mobile marketplace in the U.S. On a monthly basis, I would watch billions of dollars worth of second hand goods exchange hands through the marketplace we started over a decade ago in 2011. It was Driven, Neighborly, and Adaptable. Is that right? Why is this problem existing? I would build out the website. The hottest area in real estate is not commercial, is not residential; its actually storage. Nick Huzar oversaw the hiring of personnel, growing the team from 2 to 26 people. Nick Huzar: When I was in college, I was pretty fortunate that I lived in a fraternity, and the majority of the people living there were getting MIS degrees, which is Management Information Systems, basically a business major with an influence in computer science. He set that up. That was a lot of work. In fact, in the early days, before we had a lot of traction, I used to show up to peoples houses, and I would buy their items, and I would stick them in our very small office that we had. Its also a lot of work. The first year, thats what we did. : Marketplaces are obviously a beast. I strongly believe OfferUp will surpass Craigslist and all other competitors as the go-to marketplace for the American consumer to buy and sell locally, said Josh Breinlinger, an OfferUp board member and managing director at Jackson Square Ventures, which led OfferUps Series A financing round. The first year, thats what we did. We could make it a visual experience, this kind of geo-aware. Well continue to obsess over liquidity. You want to find the right people to believe in where youre going and are really motivated and excited about that. Thats the focus on why we want shipping was not necessarily to build a new line of revenue for us, but again, to further remove friction in the process. Nick Huzar is the co-founder and CEO of Offerup which provides an online and mobile C2C marketplace app for people to buy and sell electronics, furniture, and cars. Thats a growth mindset whether theyre at OfferUp or in their own lives, theyre not happy with the status quo. 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. Youve got a job. Thats probably one of my biggest painful lessons from back then. I think it was good. 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. Again, you have to convince people why do they want to come along in this journey, this risk of this fun, proven idea? Theyre constantly in this process of bettering themselves. When we could find engineers, we would pay them just a teeny bit, but wed compensate them more with ownership and stock in what we were building. Net Worth, Salary, House. Alejandro: Ive heard you talk about core values a few times and how that ties into culture. Weve always focused a lot on this excess of sellers and buyers and connecting them. Nick Huzar is the co-founder and CEO of Offerup which provides an online and mobile C2C marketplace app for people to buy and sell electronics, furniture, and cars. Perhaps they will also appreciate it. We made a series of pivots. Im sure that all those experiences and lessons with Konnects you were able to apply them here. Most days, I feel like I am playing with Legos. Id say a good healthy portion of my house, probably over half of my house are things I bought from OfferUp. Theyre constantly in this process of bettering themselves. You went to Washington State University, and you got involved with. He figured that out on his own. What is in the retail store down the street, and why dont people know that those things exist in there. Theres got to be a better way. How do you guys make money for the people that are listening? Im thinking to myself, Chill me now. Why? Also, remember, if you need any help, whether it is with your fundraising efforts or with selling your business, you can reach me at, EP 199 Nick Huzar On Raising $380M To Build A Marketplace App That Is Used By 44 Million People, Bill Powers On Raising $500 Million To Improve Your Driving Behavior, Cap Table: Everything Entrepreneurs Need To Know, He Cofounded A Business Of 4,000 Employees That Just Sold For $2.6 Billion To Delivery Hero, Sacha Michaud On Cofounding A Business Of 4,000 Employees That Just Sold For $2.6 Billion To Delivery Hero, His Previous Business Is Worth $1 Billion And Now Raised $54 Million To Create A Cloud-Native Database Service, Nikita Shamgunov On Building A $1 Billion Business And Now Raising $54 Million To Create A Cloud-Native Database Service. What do you look for in culture? I was just a sponge. Amazing. My parents threw me into a bunch of things as a kid. So, when we built out shipping, we said, Why not just enable this so you can continue to do local transactions, but now you dont even need to get in your car. And it opens up the nation for buyers and sellers. He coded our first Android app in the summer, all by himself. I need to have it. I would build out the website. We had this concept of why cant we just emulate that online? If you look at commerce in general in the U.S., about 85% of it is still not online today. Nick Viall is a $400 thousand net worth American actor, television personality, and model as of 2020. 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. We would find that handful of engineers, and we would pay them. "2020 was a pivotal year for OfferUp," said Nick Huzar, OfferUp co-founder and current CEO."OfferUp was a critical lifeline to millions of . Designer and entrepreneur Melody Ehsani takes us on a journey from her early days working retail, to designing her first shoes and jewelry lines, to collaborating with Red Hot Chili Peppers and Jordan brand before taking on a bespoke role at Foot Locker. That was a lot of work. I played every different sport you can imagine, so that meant I wasnt great in any one thing. You can be the most brilliant person and work hard, but if you cant work with others, its just not going to work well. : It was great. Its not engineering for the sake of engineering. Eine andere -Site. brooke posch wedding; cockatiel breeders nsw Men umschalten. We hired. Can I communicate succinctly? Founded in 1995 by Craig Newmark, Craigslist is the local classified advertisements website that generates over 50 billion page views per month all without an iOS or Android app. He and I would sit down and rift on things quite a bit. : I think so far, weve raised 260, and then we just announced this latest financing, and well be raising another 120 million. In fact, this chair Im sitting inin my office is from OfferUp. Unsure about a selling price? Then once people are hired and we interview for the best, we have what we call our Operating Principles. : While I was out of college, within that first year, the whole dot-com scene was happening, and it was big. Tell us about the early days, and also how you incubated the concept of the idea. I want to ask you this: if you had the opportunity to go back in time, and maybe to that time when you were in your early 20s thinking about how to launch a business, how to start a company, how to scale and build it. Im sure that all those experiences and lessons with Konnects you were able to apply them here. 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? This is just the consumer side of things, but I also started to spend time in local retail stores. That was the whole idea. I cant exist without my computer. peggy gustafson barnett obituary; human causes of the millennium drought; robert hagg scouting report; competitive edge softball It was to explore, like more of the treasure hunt type of experience. Earlier in his Career Nick held positions at T-Mobile and Microsoft. But, luckily, she was supportive, and I think shes always believed in me. If you can leave a review as well, that would be fantastic. Alejandro: Definitely, you learned the sleeping on an air mattress and living in the office. The advent of the mobile revolution transformed the way in which people transact. Its become a part of peoples daily lives that use it on an ongoing basis throughout the country. We had this concept of why cant we just emulate that online? He has a small car collection also which .