I think were probably one of the top places in the country in terms of units. Nicholas Jerry Jonas is an American singer, songwriter, and actor from Dallas. Alejandro: What ended up being the business model of the business? Nick Huzar email address & phone number - RocketReach How did you develop that love for computers, too? Today, you see a lot of apps that have this long, infinite scrolling pic list of pictures. Then, adaptable. 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. I look forward to it. : Got it. We raised a little bit of money. 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. OfferUp - Wikipedia And if you got any value either from this episode or from the show itself, share it with a friend. : There we go. Amazing. The first year, thats what we did. What would you say really made him such an amazing tech co-founder? 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. Nick Huzar is presently founder, CEO of OfferUp with a mission to revolutionize how people buy and sell locally by providing the simplest and safest solution. Huzar, 39, serves as chief executive officer and van Veelen, 43, is chief technology officer. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. 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. I could design all the apps, but Im not a great back-end engineer at all. Arean van Veelen (left) and Nick Huzar (right) are the co-founders of OfferUp. Tell us about the turning page here, going into a new chapter. 'America needs our help': Q&A with OfferUp CEO Nick Huzar - GeekWire We only raised about $100,000 our first year, but we didnt have an office space. One is promotions, and thats simply helping sellers to be more successful. : And this led you in your 20s to your first company. We sell a ton of cars at OfferUp. Hello everyone, and welcome to the. You can be the most brilliant person and work hard, but if you cant work with others, its just not going to work well. Your email address is 100% safe from spam! PDF Nick Huzar, CEO, OfferUp - Attorney General of California As youre looking back, and after the time with Konnects, Im sure you had a lot of time to reflect. There were thousands of them. This is just the consumer side of things, but I also started to spend time in local retail stores. I think thats a great idea. He and I threw in $800 the first event. 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? Then, the shipping business, we take a little over 12% of transactions there, but that was a business we launched in 2018. meritain health timely filing limit 2020; larry davis obituary 2020; sharon perkins instagram; dave ramsey jobs remote; nick huzar net worth 2020 . Then he got the idea for. The founders furnished the companys headquarters with a Yoda statue and Stormtrooper suit that they purchased from the OfferUp app. I had a blessed upbringing. And, by the way, I never told the seller that I worked at OfferUp. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. But I kept thinking to myself, Man, because of these devices, can we re-imagine what local commerce actually is? I started to uncover things like 25% of U.S. households with a two-car garage cant park in their garage. Thats going to continue to evolve this year in a big way just to make it an even better buying experience for people. I would build out the website. He definitely did that, and I feel like I did that. Get a custom action plan and all the help that you need to start raising more capital. His name is Arean, and hes very talented, and I think in the first year, it was just he and I coding. Again, given my artistic bent, I taught myself Photoshop. This is so creative. I can work with engineers, and tie into databases, and be functional. OfferUp Revenue Model | How Does OfferUp Make Money? I had a father who worked at Boeing his whole life. I think just given the fact that I had just come off of another startup, I had no income because I had just quit. We dont have to send out our phone numbers and our emails anymore, and we can make it much more secure. 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. They had a bunch of theme parks, but they had no online ticketing. He did a lot of back-end database. Van Veelen also worked at start-ups, including with Huzar at Konnects, a networking platform. We were not paying ourselves. He has appeared in shows as well as advised some companies. show. So, thats one way to think about it. Sometimes Nicholas goes by various nicknames including John N Huzar, Nicholas J Huzar, Nicholas John Huzar, Nick Huzar and Nick J Huzar. The founder and co-founder, Nick Huzar and Arean van Veelen do not plan to stop here. 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. One is core values, and the other is operating principles. Nick Hanauer Net Worth. Again, you have to convince people why do they want to come along in this journey, this risk of this fun, proven idea? I didnt get halfway through it, and my wife said, This is the biggest idea youve ever had. We were not paying ourselves. And I didnt tell my parents, and then my mom found out about it because they wouldnt buy me one. Hes seen the ups, the downs, and obviously, now, hes seen a lot of traction. Van Veelen sees the mobile trend continuing in 2017. I think Ive even learned that mistake early on at Konnects, but I think at OfferUp, we definitely made mistakes there too. 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. So without further ado, Id like to welcome our guest today, Nick Huzar, welcome to the show. He was definitely that. Just enter your email below. Or, diving deep. Divided Government And The Way Forward For The Markets, How Negativity Bias Leads To Mistakes In Portfolios, Transforming The Wealth Management Experience For Todays Client, MoneyStamps Of South America - As Investments, Theyre Different Part 1, Covid-19 Related Municipal Defaults Begin, The Dynamics Of Price Discovery In The Stamp Market. Thats a nice, easy way to get ahold of me. We could leverage chat. Jonas formed a band with his older brothers, Joe, and Kevin, known as the Jonas Brothers. We had been married, and we always wanted to have kids. We didnt see any examples of what we were doing in a smartphone. They claim and aim to increase this amount further as time passes. OfferUp was created in 2011 by Nick Huzar, former co-founder and CTO of Konnects, Inc., and Arean van Veelen. Thats going to continue to evolve this year in a big way just to make it an even better buying experience for people. 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. In our case, we happen to have three to make it easy. : Today, years and years later, we try to figure out how can we help buyers and sellers be more successful? nick huzar net worth 2020 - theicebird.at In fact, short story, I took out a bunch of student loan debts to buy my first computer, which back then was $2,200. We have lots of information about Nicholas: religious views are listed as Christian, ethnicity is Caucasian, and political affiliation is unknown. So, Nick, for the folks that are listening, what is the best way for them to reach out and say hi? This guy that I worked with, he was like, I want to go through a big event together and bring all these different tech companies together in the Seattle area. So, we found a handful of people that were willing to actually do that at that time. : I think businesses are about people, so when I think about it and when I think about the investors and the team. Im sure that all those experiences and lessons with Konnects you were able to apply them here. We would find that handful of engineers, and we would pay them. 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. I cant exist without my computer. 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. My parents threw me into a bunch of things as a kid. I was leading projects for Paramount Parks. Im sure that all those experiences and lessons with Konnects you were able to apply them here. So, to jump into another startup was the last thing in my mind. I wont list them all, but thats everything from simplified. Nick Viall is an actor, model, and television personality who is known for his starring role in the 21st season of ABC's The Bachelor. I played every different sport you can imagine, so that meant I wasnt great in any one thing. Nicholas J Huzar, 43 - Wentzville, MO - Has Court or Arrest Records So, that was some of the initial sketches that we did. 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. This documentary-style series follows investigative journalists as they uncover the truth. Weve always focused a lot on this excess of sellers and buyers and connecting them. Zack Friedman is the founder of Make Lemonade, a personal finance platform that offers free and unbiased financial advice, including to the over 40 million borrowers looking to manage,repayand save money on their student loans. Like I said, in any small startup, thats got to be there. Huzar, 39, serves as chief executive officer and van Veelen, 43, is chief technology officer. Its also a lot of work. I would build out the website. There are so many things that you can influence and help drive. 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. That was a lot of work. But there are other dimensions to that. I left, and I had a co-founder and an investor that ran it for another year. It was great. The boss, obviously, in your life. This is so creative. I had a mother who was a therapist, so I like to think Im a pretty good mix of both of my parents, which happens to, I think, be an advantage given what I work on. So, Im sure he thinks what Im doing is a little crazy to him. So, Nick, for the folks that are listening, what is the best way for them to reach out and say hi? This guy that I worked with, he was like, I want to go through a big event together and bring all these different tech companies together in the Seattle area. According to Jordan, as a mobile-first platform, OfferUp emerged as a disruptor by providing an improved user interface, frictionless experience and on-demand transactions from anywhere. I was just a sponge. Its not engineering for the sake of engineering. That was the idea behind it. That would have just ended it for me. Nick Huzar - Greater Seattle Area | Professional Profile | LinkedIn OfferUp is that type of company and it has been rewarded by a fiercely loyal and engaged user base, and explosive growth. That was a lot of work. An example of that is, can I take complex problems and distill them down? Nick Huzar: When I left Konnect, I had no intention of leading another company. OfferUp CEO: Reinventing Commerce | PYMNTS.com Why is it that way? NCERT Point | Celeberities Net Worth, Biography Wikipedia Nick Eh 30 Net Worth. Once down to its last $350, this fast-growing startup is now - GeekWire OfferUp has a very visual interface so the quality of your photos can impact how many offers you receive. : 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. Alejandro: 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. We made a series of pivots. Please subscribe to unlock this content. 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. He figured that out on his own. When you first open up the OfferUp app, there are a lot of different things that we are doing and surfacing to buyers on the platform because were trying to find things that we think people are really interested in. 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. : When I left Konnect, I had no intention of leading another company. Total Nick Huzar Net Worth in 2021 $1 Million - $5 Million (Approx.) Earlier in his Career Nick held positions at T-Mobile and Microsoft. I used to go to Goodwill stores, and Id realized the cars never stopped. Nick Huzar is the Founder, President & Chief Product Officer and CEO at OfferUp. Relationship: Married . . Sure, there are plenty of challenges. This is going to take me a whole weekend just to post these items online yourself. For some people, thats not comfortable, so you need people that can zig and zag with the company as it scales. Well continue to obsess over liquidity. Its not just up and to the right. But Id say the first year working there, there were about 25 people in that company. I knew I was passionate about computers. As of February 2023, Nick Hanauer has an estimated net worth of more than $1.5 billion. This is just the consumer side of things, but I also started to spend time in local retail stores. Nick Huzar: I think businesses are about people, so when I think about it and when I think about the investors and the team. But Id say the first year working there, there were about 25 people in that company. nick huzar net worth 2020 Thats a growth mindset whether theyre at OfferUp or in their own lives, theyre not happy with the status quo. The other one is payments. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. I think they were all great people in their own right, but for what we were trying to build, probably not. It was more, Can you do the work? Nick Eh 30 Net Worth 2023: Age, Height, Weight, Girlfriend, Dating, Bio I need to show you something. Basically, I had prepared a 12-slide pitch deck to pitch my wife on the idea. The latest stats around storage and commerce, Two of OfferUps most important Operating Principles, : Alrighty. nick huzar net worth 2020. nick huzar net worth 2020. If you like the show, make sure that you hit that subscribe button. Why I definitely appreciate him is, he definitely thinks a lot like an engineer, but he also has a great business mind. Ask Jeff Jordan, a general partner at Andreessen Horowitz (an OfferUp investor), the former president of PayPal and the former president and chief executive officer of OpenTable. It was barely enough to eat and pay my rent. We raised a little bit of money. We had SUN and Cisco sponsoring these events to the tune of $10,000 each, every month. Theres got to be a better way. I have a trampoline that I purchased. Meet Two Young Entrepreneurs Who Raised $221 Million To - Forbes "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. Im happy to chat. You want to find the right people to believe in where youre going and are really motivated and excited about that. So, obviously, part of the startup experience too. We give them promotions and analytics. I grew up in a suburb about 20 minutes south of Seattle. Will His AI Plans Be Any Different? 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. Those are our overall what we look for in people before they even come into the halls of OfferUp. He was able to figure things out. If you want me to do your fundraising for you, click here. If you look at commerce in general in the U.S., about 85% of it is still not online today. To give you an idea of scale, weve been installed about 90 million times. : Then, after this, you ended up leaving, and then the company ended up closing down. I designed the app. Her salary is under review. (Source: Mary Meeker/KPCB, 2016 Internet Trends Report). : 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. Most days, I feel like I am playing with Legos. And I didnt tell my parents, and then my mom found out about it because they wouldnt buy me one. The shoes Im wearing are from OfferUp. That would have just ended it for me. Nick Huzar: Today, years and years later, we try to figure out how can we help buyers and sellers be more successful? 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. Nick Huzar Email Address Found 5 email address listings: @dealspringer.com @offerup.com @konnects.com @gmail.com @offerupnow.com Nick Huzar Phone Number Found 6 phone numbers: 206-356-XXXX 253-356-XXXX 804519XXXX 210538XXXX 425-291-XXXX +1 more View Nick's Email & Phone (It's Free) 5 free lookups per month. You want to find the right people to believe in where youre going and are really motivated and excited about that. 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. We could make it a visual experience, this kind of geo-aware. Why? Alejandro: So, you got the blessing from the boss-in-house. Nick Huzar: While I was out of college, within that first year, the whole dot-com scene was happening, and it was big. Alejandro Cremades leads the vision and execution for Panthera Advisors as its Co-Founder and. So, there were a series of different changes over a period of time to be explored. 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. I started to buy and sell things locally. Here are some pointers from OfferUp co-founder Arean van Veelen to maximize your profit: Who knows OfferUp may even buy one of your items for sale. 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. He was able to figure things out. We started very early, way before Friendster, way before Myspace. Nick Huzar is the Founder, President & Chief Product Officer and CEO at OfferUp. 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 . "We have been one of the most active investors in marketplace businesses around the world, and rarely have we seen the scale, liquidity, virality and growth that OfferUp has demonstrated in a market this big.". We had a lot of great. Unlike EBay, OfferUp currently does not charge sellers a listing fee or transaction fee. In this technology shift, Huzar and van Veelen saw massive opportunity, particularly as Craigslist did not adapt to the new mobile paradigm. Will Others Follow? 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. Nick Kyrgios Net Worth - Sportskeeda 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. We were never going to beat and become something like a Facebook. I had a father who worked at Boeing his whole life. He set that up. 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: Thanks for having me. : I had, of course, a ton of energy and excitement. Thats been the whole focal point of the business since Day One. We expect people to dive deep into things like that. I essentially told them, Look. I can work with engineers, and tie into databases, and be functional. Youve been at it now for quite a while with OfferUp and also what you did with your previous initiatives, like Konnects. So, I have three kids bikes. We hired. Its also a lot of work. Nick Huzar: You can always reach out to me on Twitter. If you look at commerce in general in the U.S., about 85% of it is still not online today. Thats probably the biggest one. The top unused items in our homes are clothes and shoes (67%), games and toys (34%), electronics (33%), jewelry and accessories (22%) and kitchen supplies (18%). We had this concept of why cant we just emulate that online? To achieve this, they need to continue growing consumer awareness, increase seller liquidity (percentage of items that sell), and continue to emphasize ease of use and trust for all users.. How will you associate putting paint on a canvas with perhaps building and scaling a business? Can I communicate succinctly? You may opt-out by. 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 We hired. Prior to OfferUp, Huzar worked at Microsoft and T-Mobile and founded several start-ups. March 20, 2020 Nick Huzar, CEO OfferUp 1745 114th Ave SE Bellevue, WA 98004 Dear Mr. Huzar: I write to express my concern about the prevalence of postings on third party platforms, such as yours, attempting to capitalize on the current public health crisis caused by novel coronavirus, or COVID-19. I am excited to work with Nick, Arean and the team there to continue to usher in the era of mobile-driven local commerce.. Thats a nice, easy way to get ahold of me. 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? : I think so far, weve raised 260, and then we just announced this latest financing, and well be raising another 120 million. Our belief back then was everyone would have a smartphone, and now everyone will say, Well, duh! But that was one assumption. Follow Zack on Twitter and read his columns in Forbes. Those are our overall what we look for in people before they even come into the halls of OfferUp. I go back to even reflecting on my own decisions. 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. With her blessing, I decided to move forward and dedicate all my time to building up what is now OfferUp. To ensure a more trustworthy transaction, the marketplace has a verified identification system (which requires state-issued identification and Facebook profile), user profiles, buyer and seller ratings and in-app messaging. Its become a part of peoples daily lives that use it on an ongoing basis throughout the country. 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. The hottest area in real estate is not commercial, is not residential; its actually storage. 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. But, luckily, she was supportive, and I think shes always believed in me. : In our case, we happen to have two different buckets. Probably just not the best advisors and folks around the table. I think in any business, you have to bring more to the table than an idea, and you have to be able to contribute. Alejandro: Very nice. That is a combined net worth with his wife, model/actress Vanessa . Angel, Fund of Funds, Venture Capital), Number of Investments the Individual has partnered in, Total number of current Jobs the person has, Total number of events the individual appeared in, Number of news articles that reference the Person, Founder, President & Chief Product Officer and CEO. There are two areas in which OfferUp generates revenue. Net Worth: $250,000 - $499,999. We have really good features like search alerts and things you can say that will notify people right away. I told her; I said, Look. We partner a lot with local car dealerships, and we help them to be more successful by integrating with their inventory management system. We had SUN and Cisco sponsoring these events to the tune of $10,000 each, every month. I can design things, and then I can cut them up, and I can make them interactive. The boss, obviously, in your life. Users can conduct the entire transaction through their smart phone: snapping and uploading photos of an item to sell, adding a description and interacting with potential buyers. Nick Viall Net Worth 2022, Bio, Age, Career, Family, Rumors Nick Huzar played a vital role in assisting the CEO with fundraising efforts which attracted over $6 million in investment.

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