Eric Wu, founder and chief executive of Opendoor, a startup company that flips homes, at its San Francisco headquarters.
Many venture capitalists have homed in on real estate as a big opportunity for tech startups because parts of the industry — like pricing, mortgages and building management — have been slow to adopt software that could make business more efficient.
SAN FRANCISCO — Opendoor, a startup that flips homes, attracted attention in June when it announced it had raised $325 million from a long list of venture capitalists. The financing valued the 4-year-old company at more than $2 billion.
Continue reading… “The next industry to be disrupted by technology: real estate”
