We do a lot within the product to connect buyers to the right sellers. 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. The advent of the mobile revolution transformed the way in which people transact. He and I would sit down and rift on things quite a bit. Meet Two Young Entrepreneurs Who Raised $221 Million To - Forbes We partner a lot with local car dealerships, and we help them to be more successful by integrating with their inventory management system. "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. I was fortunate to sit next to engineers who taught me how to code. 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. Im happy to chat. 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. 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. Sure, there are plenty of challenges. I think I was making $27,000 a year back then. Its not just up and to the right. If you look at annual adoption from our customers, were looking at over 44 million. I think that also ties nicely into culture and the intention about that. The founders furnished the companys headquarters with a Yoda statue and Stormtrooper suit that they purchased from the OfferUp app. What an amazing business that youve built with OfferUp. We raised millions of dollars, mostly from angels. 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. Nick Huzar - Founder, President & Chief Product Officer and CEO As of January 2023, The net worth of Nick is $2 million, and he earns $19K-$32K per video. Nick Huzar email address & phone number - RocketReach With Nick Huzar leadership, Konnects growth exploded growing from 1,500 members to over 1 million within 18 months. As new fathers, they needed to sell their old belongings to make room for their newborns, but felt limited by the existing online options. 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. Bloomberg Business of Sports lets you follow the money in the world of sports, reporting on trades, salaries, endorsements, contracts and collective bargaining. How did you develop that love for computers, too? We had SUN and Cisco sponsoring these events to the tune of $10,000 each, every month. The other half is how did you do the work. I think just given the fact that I had just come off of another startup, I had no income because I had just quit. Youve been at it now for quite a while with OfferUp and also what you did with your previous initiatives, like Konnects. They had a bunch of theme parks, but they had no online ticketing. Nicki Minaj Net Worth. Ive been interviewing, but I also have this idea I want to run by you. The pitch, to be clear, had nothing to do with used goods, and it still doesnt to this day. The only examples we could look to at the time were dating sites. How much money have you guys raised to date that is probably disclosed? My parents threw me into a bunch of things as a kid. He was able to figure things out. Nick Huzar: Thanks for having me. We have really good features like search alerts and things you can say that will notify people right away. How will you associate putting paint on a canvas with perhaps building and scaling a business? VW Will Build a $2 Billion Electric Truck and SUV Plant in South Carolina, Meta Cuts the Price of Its Quest Headset Up to 33% After Disappointing Demand, John Malone andCharter Directors Agree to $87.5 Million Settlement, Apples Cloud Chief to Leave, Adding to Wave of Departures, Anti-ESG Crusader Wants to Take Trumps Agenda to Next Level, Turkeys Erdogan Criticizes Rivals Over Candidate Squabbles, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece. As a marketplace, OfferUp is not only positioned to help declutter your life, but it is also a monetization platform to convert unwanted items to extra cash. If you can imagine five guys sitting down in a room coding with just stuff everywhere, thats what our first office looked like. Great investments are built on a solid investment thesis. This has led me to seek answers to questions about how my very existence impacts our planet. Those are our overall what we look for in people before they even come into the halls of OfferUp. 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. 10/10 Amanda Bynes- Estimated Net Worth $3 Million. 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. 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. Dont cut corners on that. We started very early, way before Friendster, way before Myspace. : It was great. Tell us about the early days, and also how you incubated the concept of the idea. Okay, great. : There we go. I dont think we even had core values or anything. Nick Huzar: Id say definitely the people. So, there were a series of different changes over a period of time to be explored. Theyre constantly in this process of bettering themselves. How will you associate putting paint on a canvas with perhaps building and scaling a business? It was more, Can you do the work? : Definitely, you learned the sleeping on an air mattress and living in the office. Where do you hire? Nick Huzar: By the way, he would hate it if I called him an engineer because he is definitely more than that. We didnt see any examples of what we were doing in a smartphone. I had a room full of stuff. 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. The second promotional area is our auto business. In this case, it led you to where you are today. How do you guys make money for the people that are listening? An example of that is, can I take complex problems and distill them down? In the early 2000s, Craigslist disrupted the classified advertising market by converting newspaper readers to online users and thereby decimating the print media advertising model. So, obviously, part of the startup experience too. Alejandro: I understand that you guys have raised quite a bit of money for the business, too. The shoes Im wearing are from OfferUp. With its headquarters in Bellevue, Washington, OfferUp enables users to buy and sell everything from furniture and electronics to cars and boats through its free mobile app. show. Little did we know social media was coming. They have too many, and theyre just on a wall, and no one really thinks about them. We had this concept of why cant we just emulate that online? So without further ado, Id like to welcome our guest today, Nick Huzar, welcome to the show. Alejandro: 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. 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? We didnt see any examples of what we were doing in a smartphone. Well continue to obsess over liquidity. Nick Saban is an American college football head coach who has a net worth of $70 million. It wasnt to be great in search like other marketplaces are. You can be the most brilliant person and work hard, but if you cant work with others, its just not going to work well. : Very nice. 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. From the tough moments, from the tough experiences is where we learn the most. So, to jump into another startup was the last thing in my mind. Alejandro: Ive heard you talk about core values a few times and how that ties into culture. I think they were all great people in their own right, but for what we were trying to build, probably not. : Ive heard you talk about core values a few times and how that ties into culture. Articles about Nick Huzar - GeekWire Huzar, 39, serves as chief executive officer and van Veelen, 43, is chief technology officer. : Marketplaces are obviously a beast. 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? I essentially told them, Look. Id say a good healthy portion of my house, probably over half of my house are things I bought from OfferUp. So, you get the green light, and what happened next? You can keep going as a company and think about how those things get shaped. meritain health timely filing limit 2020; larry davis obituary 2020; sharon perkins instagram; dave ramsey jobs remote; nick huzar net worth 2020 . Then, adaptable. Definitely, Im sure that creativity and how your mom pushed you in that regard, perhaps has had an incredible influence in your career.