Nick Huzar Chief Executive Officer OfferUp Bellevue, Washington Get Nick's Email (it's Free) Takes 5 seconds to join, no credit card required Nick's Email xxxx@xxx.com + Full Profile Information + Social Network Profiles + See who you and Nick Huzar know in common Example: Nick Huzar , Elon Musk If you can imagine five guys sitting down in a room coding with just stuff everywhere, thats what our first office looked like. I have a trampoline that I purchased. He figured that out on his own. I can design things, and then I can cut them up, and I can make them interactive. You can literally use it for almost anything. : By the way, he would hate it if I called him an engineer because he is definitely more than that. The pitch is, why is value sitting, and why is it sitting all around us, and why cant we see it. I didnt get halfway through it, and my wife said, This is the biggest idea youve ever had. With her blessing, I decided to move forward and dedicate all my time to building up what is now OfferUp. Moreover, I also provided a commentary on a pitch deck from an Uber competitor that has raised over $400 million (see it here). I think were probably one of the top places in the country in terms of units. The other one was the cameras would get better, and we could leverage that. : Currently, we have about 280, and we are actively hiring at the moment. That was the whole idea. So, that was some of the initial sketches that we did. Id say our vision, as you think long-term, is really to help people to connect and prosper. Thats probably the biggest one. Total Nick Huzar Net Worth in 2021 $1 Million - $5 Million (Approx.) Get a custom action plan and all the help that you need to start raising more capital. Some users use OfferUp to help grow their small businesses. 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 . I used to go to Goodwill stores, and Id realized the cars never stopped. He figured that out on his own. This is so creative. We had been married, and we always wanted to have kids. Sometimes Nicholas goes by various nicknames including John N Huzar, Nicholas J Huzar, Nicholas John Huzar, Nick Huzar and Nick J Huzar. It was great. The Investment Thesis: A Venture Capitalist Perspective. But, luckily, she was supportive, and I think shes always believed in me. 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. I think I was making $27,000 a year back then. Can I communicate succinctly? I was just a sponge. Nick Eh 30 Net Worth. You can literally use it for almost anything. : I understand that you guys have raised quite a bit of money for the business, too. So, we found a handful of people that were willing to actually do that at that time. I think were probably one of the top places in the country in terms of units. 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? Nick Huzar: As I mentioned earlier, with some of the founding stories, Id say liquidity [28:19] is the number one metric that we spend a lot of time focusing on because we want to make sure that were creating the best experience for buyers and sellers. 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? Nick Huzar: In our case, we happen to have two different buckets. nick huzar net worth 2020 - theicebird.at Those are our overall what we look for in people before they even come into the halls of OfferUp. Thats something I definitely advise people to not do just given how much I learned through that. Tell us about the turning page here, going into a new chapter. I dont think we even had core values or anything. One is promotions, and thats simply helping sellers to be more successful. 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? He is a founder that has done it multiple times. We were making more money doing that than we were in our day job. : Id say definitely the people. Definitely, Im sure that creativity and how your mom pushed you in that regard, perhaps has had an incredible influence in your career. One is core values, and the other is operating principles. OfferUp is one the most exciting e-commerce companies I have come across in a long time, Levchin said in a statement last November. Subscribe: Google Podcasts | Spotify | Stitcher | TuneIn | RSS | More. So, thats the time in history when I graduated. We were not paying ourselves. I left, and I had a co-founder and an investor that ran it for another year. Nick Huzar - Founder, President & Chief Product Officer and CEO : I think so far, weve raised 260, and then we just announced this latest financing, and well be raising another 120 million. Alejandro: Then, after this, you ended up leaving, and then the company ended up closing down. Theyre using it, and if you look at the usage overall, were looking at billions of dollars every month worth of goods being sold on the OfferUp marketplace. nick huzar net worth 2020 - artlib.jp Nick Huzar: It was great. But there are other dimensions to that. Well continue to obsess over liquidity. Net Worth & Salary of Nick Hanauer in 2023. Nick Huzar: Yeah, definitely. How do you guys make money for the people that are listening? Our belief back then was everyone would have a smartphone, and now everyone will say, Well, duh! But that was one assumption. Previous to OfferUp Nick cofounded Konnects raising $6M in capital, scaling to over 1M users within 18months. The show takes listeners inside the business end of the sports world, and explains what it means to fans and their pocketbooks. 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. 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. Id say a good healthy portion of my house, probably over half of my house are things I bought from OfferUp. Success is not a linear line. In fact, short story, I took out a bunch of student loan debts to buy my first computer, which back then was $2,200. 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. : It was great. 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. 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 could design all the apps, but Im not a great back-end engineer at all. OfferUp Hires Todd Dunlap as its New Chief Executive Officer - PR Newswire How much money have you guys raised to date that is probably disclosed? I think the learning lesson was interesting because we realized that networking is valuable, but its also inefficient. 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, good stuff. I think it was good. Alejandro: Very nice. Why? 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. Tell us about the early days, and also how you incubated the concept of the idea. It was event networking, but this led to your real first experience, which was Konnects Inc. Tell us about this. Amazing. (31) 3351-3382 | 3351-3272 | 3351-3141 | 3351-3371. location of blind frog ranch associe-se. 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. We said, Who are the people that are striving here, and why? You look at driven, for example. OfferUp - Wikipedia 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. Today, you see a lot of apps that have this long, infinite scrolling pic list of pictures. As of March 2023, Nicki Minaj's net worth being estimated at $100 Million. We said, Who are the people that are striving here, and why? You look at driven, for example. Nick Huzar: You can always reach out to me on Twitter. So, thats one way to think about it. 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. 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. Ultimately, they decided to close it down. Most recently, Nick Huzar was the co-founded of Konnects Inc. 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. So, to jump into another startup was the last thing in my mind. Hes seen the ups, the downs, and obviously, now, hes seen a lot of traction. Today, you see a lot of apps that have this long, infinite scrolling pic list of pictures. : Very nice, and very timely given the times that were living in. nick huzar net worth 2020 - marconasedkin.de Well, Nick, thank you so much for being on the, If you like the show, make sure that you hit that subscribe button. 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. Huzar, 39, serves as chief executive officer and van Veelen, 43, is chief technology officer. I cant exist without my computer. Nick Viall Net Worth 2022, Bio, Age, Career, Family, Rumors Will His AI Plans Be Any Different? Respondents feel that it is easier to donate than sell, citing the required time investment and amount 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. We started very early, way before Friendster, way before Myspace. Nick Huzar: Id say definitely the people. Most days, I feel like I am playing with Legos. If you can imagine five guys sitting down in a room coding with just stuff everywhere, thats what our first office looked like. Id say a good healthy portion of my house, probably over half of my house are things I bought from OfferUp. Why is this problem existing? 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. 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 Huzar: Thank you so much for having me. I had a room full of stuff. This documentary-style series follows investigative journalists as they uncover the truth. 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. He bagged this fortune because of his hard work and his excellent gaming skills. Its not just up and to the right. How much money have you guys raised to date that is probably disclosed? In this case, it led you to where you are today. But my wife and I moved into a good-sized house. nick huzar net worth 2020 NCERT Point | Celeberities Net Worth, Biography Wikipedia Jonas formed a band with his older brothers, Joe, and Kevin, known as the Jonas Brothers. The advent of the mobile revolution transformed the way in which people transact. 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. Van Veelen sees the mobile trend continuing in 2017. The other half is how did you do the work. : Marketplaces are obviously a beast. What an amazing business that youve built with OfferUp. Thats equally as important. He is becoming more successful day by day and will soon surpass his current net worth. Definitely, Im sure that creativity and how your mom pushed you in that regard, perhaps has had an incredible influence in your career.