Creado por account_disabled en Feb 28, 2024 1:35:41 GMT -3
The to transaction is as high as . This is very important because it means that when the company finds itself in a sudden ne to dramatically increase its profitability it can quickly start reaping it limiting the scale of its operations only to the transactions that are the most profitable for it . Now lets look at how the flywheel works in this company. We start with Opendoor showing up in city number one and starting buying houses. The scale of the operation is increasing because it us to be nonexistent but now it is. After some time the company generates an initial scale of operations that unlocks the first effects of scale at some point we buy so many carpets that we can negotiate discounts with carpet suppliers. Similarly with the rates of cleaning companies renovation teams or suppliers of building materials or photovoltaic installations.
These discounts mean higher margins. If the company culture and its organizational model are construct in an appropriate way savings will be provid to customers. Opendoor has this culture and organizational model. Contrary to the unicorn norm the company does not serve free meals to employees. In the first few years the company also set the maximum remuneration level at. This may mean that Phone Number List the company will start offering new customers with an average discount of and not . This in turn must translate into a greater number of accept offers. And that must mean more homes bought.
This will result in more houses sold which by definition means a further increase in the scale of operations which generates even greater savings on materials and human resources this time we can also negotiate a better interest rate on the debt with which we finance house purchases and so on. Of course at many stages of this loop we train algorithms to make decisions more efficiently than before.
These discounts mean higher margins. If the company culture and its organizational model are construct in an appropriate way savings will be provid to customers. Opendoor has this culture and organizational model. Contrary to the unicorn norm the company does not serve free meals to employees. In the first few years the company also set the maximum remuneration level at. This may mean that Phone Number List the company will start offering new customers with an average discount of and not . This in turn must translate into a greater number of accept offers. And that must mean more homes bought.
This will result in more houses sold which by definition means a further increase in the scale of operations which generates even greater savings on materials and human resources this time we can also negotiate a better interest rate on the debt with which we finance house purchases and so on. Of course at many stages of this loop we train algorithms to make decisions more efficiently than before.