Is that right? Alejandro: And this led you in your 20s to your first company. He set that up. Its not engineering for the sake of engineering. He is a founder that has done it multiple times. 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. Nick Huzar played a vital role in assisting the CEO with fundraising efforts which attracted over $6 million in investment. Nick Huzar: During my Konnects experience? What if we can unlock all that value, but focusing on removing as much friction and bringing trust into that local experience? Nick Huzar: Yeah, definitely. Now valued at over $1 billion, OfferUp is no different. 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. In our case, we happen to have three to make it easy. 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. Its also a lot of work. Id say a good healthy portion of my house, probably over half of my house are things I bought from OfferUp. : While I was out of college, within that first year, the whole dot-com scene was happening, and it was big. That is a combined net worth with his wife, model/actress Vanessa . How many employees do you guys have, Nick? They have too many, and theyre just on a wall, and no one really thinks about them. That would have just ended it for me. Alejandro: Got it. I started to buy and sell things locally. So, thats one way to think about it. His name is Arean, and hes very talented, and I think in the first year, it was just he and I coding. I think I was making $27,000 a year back then. Nick Huzar: By the way, he would hate it if I called him an engineer because he is definitely more than that. Thats a nice, easy way to get ahold of me. 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. Designer and entrepreneur Melody Ehsani takes us on a journey from her early days working retail, to designing her first shoes and jewelry lines, to collaborating with Red Hot Chili Peppers and Jordan brand before taking on a bespoke role at Foot Locker. 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. 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. Product. Hello everyone, and welcome to the. You can keep going as a company and think about how those things get shaped. Nick Saban is an American college football head coach who has a net worth of $70 million. 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. 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. Alejandro: Very nice. 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? 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. Even though we have these amazing giant tech companies, we still think theres a huge opportunity in local, and thats going to be our focus and continue to be our focus. He definitely did that, and I feel like I did that. Its not necessarily just aboutyoull find the most talented people you can, but you want to make sure theyre also rowing the same direction for the rest of the company. Huzar attributed the high level of engagement to OfferUps focus on a secure, frictionless user experience, an image-driven platform and the creation of a community built on personal connectivity. We hired too quickly and didnt have a focused strategy, and we werent intentional about culture, and we can talk about how that has changed now at OfferUp, but thats another thing. I can design things, and then I can cut them up, and I can make them interactive. Its become a part of peoples daily lives that use it on an ongoing basis throughout the country. 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. What is in the retail store down the street, and why dont people know that those things exist in there. The way we separated those out was intentional, where we came up with core values fairly early in our evolution, and what we didnt want to do is what I think a lot of companies do. While consumer commerce continues to evolve in specific areas, its rare to have a company completely redefine the marketplace experience from start to finish. Then, adaptable. Net Worth, Salary, House. I need to have it. Theres a handful of operating principles that we use, and then for people that are on the interview loop, we ask them to ask some questions to probe for those, and we also bring those principles into our performance reviews. You have a lot more exposure across the country. I essentially told them, Look. But Id say the first year working there, there were about 25 people in that company. You can literally use it for almost anything. 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. That was the idea behind it. 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I left, and I had a co-founder and an investor that ran it for another year. . I go back to even reflecting on my own decisions. 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. 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. Neighborly: we have a no asshole policy. Then, adaptable. Youve got a job. Thats probably one of my biggest painful lessons from back then. How much money have you guys raised to date that is probably disclosed? As youre looking back, and after the time with Konnects, Im sure you had a lot of time to reflect. Nick Huzar: Today, years and years later, we try to figure out how can we help buyers and sellers be more successful? Van Veelen sees the mobile trend continuing in 2017. Again, you have to convince people why do they want to come along in this journey, this risk of this fun, proven idea? Just enter your email below. She can also be seen posing for covers of several beauty magazines. But, luckily, she was supportive, and I think shes always believed in me. It wasnt to be great in search like other marketplaces are. I need to have it. Nick Huzar Net Worth. Id say as hard as it is, the people are everything. This is just the consumer side of things, but I also started to spend time in local retail stores. We had a lot of great business minds on our board, but not tech-minded individuals, which created a challenge. How will you associate putting paint on a canvas with perhaps building and scaling a business? show. How did venture capitalists view the investment opportunity? : Today, years and years later, we try to figure out how can we help buyers and sellers be more successful? Nick Huzar is the Founder, President & Chief Product Officer and CEO at OfferUp. It wasnt to be great in search like other marketplaces are. I want to ask you this: if you had the opportunity to go back in time, and maybe to that time when you were in your early 20s thinking about how to launch a business, how to start a company, how to scale and build it. : I think businesses are about people, so when I think about it and when I think about the investors and the team. Nick Viall is a $400 thousand net worth American actor, television personality, and model as of 2020. How is your office laid out? He set that up. Thats interesting. I played every different sport you can imagine, so that meant I wasnt great in any one thing. In fact, this chair Im sitting inin my office is from OfferUp. I was fortunate to sit next to engineers who taught me how to code. Alejandro: Very nice. It was to explore, like more of the treasure hunt type of experience. Then, also, the dot-com bubble hit, and everyone stopped sponsoring those events. 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. The other one is payments. Particularly, the browsing experience when you first open up the app. I need to show you something. Basically, I had prepared a 12-slide pitch deck to pitch my wife on the idea. Nick Huzar: While I was out of college, within that first year, the whole dot-com scene was happening, and it was big. : Yeah. We hired. That helps them to sell things faster. I think you need to do it. As soon as she gave me the blessing, I completely stopped interviewing, and I went all-in on OfferUp. Our homes are actually 30% larger than the 1950s, but were having less children. 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So, we got very intentional about that. To give you an idea of scale, weve been installed about 90 million times. I came up with a logo. So, thats the time in history when I graduated. 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. : In our case, we happen to have two different buckets. Well, Nick, thank you so much for being on the, If you like the show, make sure that you hit that subscribe button. Within a year, year and a half, I was loving the internet. Bestselling Author, The Lemonade Life. I grew up in a suburb about 20 minutes south of Seattle. We had this concept of why cant we just emulate that online? I had a wife that was working, and I had a daughter on the way. I knew I was passionate about computers. 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. He was definitely that. We said, Who are the people that are striving here, and why? You look at driven, for example. Nick Huzar: When I left Konnect, I had no intention of leading another company. I think an important lesson for people that are building businesses: have an amazing significant other thats understanding because had she said no, we wouldnt be talking right now. In fact, this chair Im sitting inin my office is from OfferUp. He was definitely that. "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.