Articles about Nick Huzar - GeekWire What if we can unlock all that value, but focusing on removing as much friction and bringing trust into that local experience? People were throwing money everywhere. So, thats the time in history when I graduated. So, we got very intentional about that. Particularly, the browsing experience when you first open up the app. I think in any business, you have to bring more to the table than an idea, and you have to be able to contribute. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX, Pres/Chief Product Ofcr/Co-Founder, OfferUp Inc. : Ive heard you talk about core values a few times and how that ties into culture. Remember to unlock for free the pitch deck template that is being used by founders around the world to raise millions below. Thats something I definitely advise people to not do just given how much I learned through that. If you want me to help you with your fundraising, just book a call. : And this led you in your 20s to your first company. He and I would sit down and rift on things quite a bit. I know that OfferUp was also a result of doing a pivot. I think it was good. How was life growing up there? : When I left Konnect, I had no intention of leading another company. Take photos of your item from all angles so that buyers can get a feel for the size and dimensions of the item you are selling. northern state university softball roster. Dont cut corners on that. As youre looking back, and after the time with Konnects, Im sure you had a lot of time to reflect. The pitch is, why is value sitting, and why is it sitting all around us, and why cant we see it. Like I said, in any small startup, thats got to be there. Definitely, Im sure that creativity and how your mom pushed you in that regard, perhaps has had an incredible influence in your career. 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. I can design things, and then I can cut them up, and I can make them interactive. So without further ado, Id like to welcome our guest today, Nick Huzar, welcome to the show. Id say our vision, as you think long-term, is really to help people to connect and prosper. We made a series of pivots. Some users use OfferUp to help grow their small businesses. Alejandro: So, originally born and raised in the Seattle area. One is promotions, and thats simply helping sellers to be more successful. I go back to even reflecting on my own decisions. How many employees do you guys have, Nick? 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. So, we found a handful of people that were willing to actually do that at that time. : Yeah. So, obviously, part of the startup experience too. Nick Huzar, CEO of OfferUp at a Startup Grind event. 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. 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? But if you peeled away the branding, you realized that under the hood, they all kind of functioned the same. Probably just not the best advisors and folks around the table. I think I was making $27,000 a year back then. Today, you see a lot of apps that have this long, infinite scrolling pic list of pictures. We raised millions of dollars, mostly from angels. Most recently, Nick Huzar was the co-founded of Konnects Inc. If youre not intentional, culture is just going to take the form that its going to take for better or worse. How was life growing up there? Now valued at over $1 billion, OfferUp is no different. We had SUN and Cisco sponsoring these events to the tune of $10,000 each, every month. We were finding that theyre able to sell cars way faster by signing up for this program. I think that were going to really enjoy the guest that we have today. : Today, years and years later, we try to figure out how can we help buyers and sellers be more successful? They are the two young entrepreneurs behind OfferUp, the mobile-driven local marketplace that is disrupting the way that we buy and sell merchandise. And, by the way, I never told the seller that I worked at OfferUp. 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 . So, Im sure he thinks what Im doing is a little crazy to him. We raised a little bit of money. For years, Craigslist has been the go-to website to buy and sell used items online. One is promotions, and thats simply helping sellers to be more successful. 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. So, you can wrap a 77 square around every man, woman, and child in this country in storage space. Then, the shipping business, we take a little over 12% of transactions there, but that was a business we launched in 2018. I designed the app. It was to explore, like more of the treasure hunt type of experience. I think I was making $27,000 a year back then. I came up with a logo. Again, you have to convince people why do they want to come along in this journey, this risk of this fun, proven idea? I left, and I had a co-founder and an investor that ran it for another year. Success is not a linear line. : Yeah, definitely. OfferUp has more than doubled its employee count in the last year and is reportedly set to raise $120 million in a round that would give the. 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. We dont have to send out our phone numbers and our emails anymore, and we can make it much more secure. But, luckily, she was supportive, and I think shes always believed in me. This is so creative. Then once people are hired and we interview for the best, we have what we call our Operating Principles. Nick Huzar: Id say definitely the people. So, were looking to grow not only our Seattle office, but we also have an office in Miami as well. As of December 2022, total funding raised is $381 million. 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. Arean van Veelen (left) and Nick Huzar (right) are the co-founders of OfferUp. But Id say the first year working there, there were about 25 people in that company. Tell us about the early days, and also how you incubated the concept of the idea. Thats been the whole focal point of the business since Day One. I grew up in a suburb about 20 minutes south of Seattle. But, luckily, she was supportive, and I think shes always believed in me. Thiel was the first angel investor in Facebook with a $500K check that turned into more than $1 billion in cash. Biden Hears Oval Office Plea for Alaska Oil Project in Lobbying Frenzy, Your Saturday Briefing: Trumps Comeback Plan, Wall Street Whistles Away, British Parents Turn to Home Equity to Help Young Buy Property, Japanese Unions Seek Biggest Pay Rise in 25 Years for Workers, Sorry, Fed, Most US Mortgage Rates Were Locked In During Pandemic Lows. Im sure that all those experiences and lessons with Konnects you were able to apply them here. My wife is also my boss. OfferUp taps Booking.com exec for CEO role - Puget Sound Business Journal : What I love about building companies. Ive been interviewing, but I also have this idea I want to run by you. The pitch, to be clear, had nothing to do with used goods, and it still doesnt to this day. Nicki also makes millions through her endorsements deals for big brands like Pepsi. Partner Investments Number of Partner Investments 1 Jobs Number of Current Jobs 1 Twenty years later, the smart phone is the new digital disruptor and a major force in driving users from PC to mobile. 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. So, Nick, for the folks that are listening, what is the best way for them to reach out and say hi? Then, also, the dot-com bubble hit, and everyone stopped sponsoring those events. We give them promotions and analytics. And I didnt tell my parents, and then my mom found out about it because they wouldnt buy me one. She is a rapper, singer, and songwriter from Trinidad & Tobago. His name is Arean, and hes very talented, and I think in the first year, it was just he and I coding. Nicki Minaj's Net Worth (Updated 2023) | Wealthy Gorilla He is a founder that has done it multiple times. Nick Huzar: Yeah, definitely. OfferUp also found that 46% of respondents find it difficult to meet their household expenses on time each month, and 50% have more than $1,000 in credit card debt. : While I was out of college, within that first year, the whole dot-com scene was happening, and it was big. New OfferUp CEO Aims To Grow Commercial Side Of Local Commerce Platform, COVID Creates A Sellers Market In reCommerce, OfferUp CEO: Reinventing Commerce One Local Seller At A Time, Online marketplace OfferUp raises $120M, acquires top competitor letgo, Mobile marketplace OfferUp adds Hold Offers feature as it battles Craigslist, eBay and Facebook, OfferUp launches new Autos section focused on buying and selling used cars, OfferUp Keys In On Used Car Market With the Launch of OfferUp Autos, OfferUp launches SafeTradeSpots.com in conjunction with AIM Group, OfferUp Expands Its Local Marketplace, Launches Nationwide Shipping. It was more, Can you do the work? Is that right? Our belief back then was everyone would have a smartphone, and now everyone will say, Well, duh! But that was one assumption. We hired. It was more, Can you do the work? Thats what we did for a while. Youve been at it now for quite a while with OfferUp and also what you did with your previous initiatives, like Konnects. I had a father who worked at Boeing his whole life. They have too many, and theyre just on a wall, and no one really thinks about them. Alejandro: Very nice. Sometimes Nicholas goes by various nicknames including John N Huzar, Nicholas J Huzar, Nicholas John Huzar, Nick Huzar and Nick J Huzar. Huzar, 39, serves as chief executive officer and van Veelen, 43, is chief technology officer. Buyers can then message sellers to meet, and then pay for items through the app or in person. We were never going to beat and become something like a Facebook. We started very early, way before Friendster, way before Myspace. Nicholas J Huzar, 43 - Wentzville, MO - Has Court or Arrest Records meritain health timely filing limit 2020; larry davis obituary 2020; sharon perkins instagram; dave ramsey jobs remote; nick huzar net worth 2020 . I knew I was passionate about computers. I think were probably one of the top places in the country in terms of units. : 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. OfferUp is one the most exciting e-commerce companies I have come across in a long time, Levchin said in a statement last November. What would you say really made him such an amazing tech co-founder? 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. Nick Eh 30 is a Canadian YouTube gamer and a live-streamer who . 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. OfferUp CEO: Reinventing Commerce | PYMNTS.com Its not engineering for the sake of engineering. It was barely enough to eat and pay my rent. So, Im sure he thinks what Im doing is a little crazy to him. And if you got any value either from this episode or from the show itself, share it with a friend. nick huzar net worth 2020 The fast-forward, over the next year or so, we had done 30 of these. Perhaps they will also appreciate it. We do a lot within the product to connect buyers to the right sellers. We hired too quickly, and we didnt know what we wanted. 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. 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. Alejandro: Got it. The Net worth of Nick Viall is still yet to be revealed. : It was great. I really just wanted to understand the landscape, but then, with a clean slate, a brand-new slate, how can you do it differently because of the smartphone? This is so creative. You have a lot more exposure across the country. If youre not intentional, culture is just going to take the form that its going to take for better or worse. I had a wife that was working, and I had a daughter on the way. An example of that is, can I take complex problems and distill them down? We give them promotions and analytics. Nick Huzar (@nickhuzar) March 25, 2020. : 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. I think in any business, you have to bring more to the table than an idea, and you have to be able to contribute. "2020 was a pivotal year for OfferUp," said Nick Huzar, OfferUp co-founder and current CEO."OfferUp was a critical lifeline to millions of . It was great. Successful minimalist websites are a rarity, but Drudge Report (which generates more than 750 million page views per month) and Craigslist are two that have bucked the trend. : I understand that you guys have raised quite a bit of money for the business, too. The founder and co-founder, Nick Huzar and Arean van Veelen do not plan to stop here. In this technology shift, Huzar and van Veelen saw massive opportunity, particularly as Craigslist did not adapt to the new mobile paradigm. That would have just ended it for me. Dont cut corners on that. I think Ive even learned that mistake early on at Konnects, but I think at OfferUp, we definitely made mistakes there too. Nick Lachey is an American singer, actor, songwriter, television personality, and host who has a net worth of $25 million. Thats interesting. Nick Huzar played a vital role in assisting the CEO with fundraising efforts which attracted over $6 million in investment. We raised millions of dollars, mostly from angels. Will Others Follow? 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. Tell us about the turning page here, going into a new chapter. That was the whole idea. Prior to Konnects, Nick Huzar played a key role on the web team at T-Mobile for 3 years where he was pivotal in leading the development and integration of web applications. I was leading projects for Paramount Parks. She can also be seen posing for covers of several beauty magazines. It wasnt to be great in search like other marketplaces are. This is a BETA experience. : Got it. 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. He is a founder that has done it multiple times. We made a series of pivots. Thats equally as important. I need to show you something. Basically, I had prepared a 12-slide pitch deck to pitch my wife on the idea. I wont list them all, but thats everything from simplified. Van Veelen sees the mobile trend continuing in 2017. Read More: Michael Joseph Jackson The First Son of King of Pop-Short Biography Awards and Nominations. Nick Eh 30 Net Worth 2023: Age, Height, Weight, Girlfriend, Dating, Bio The first year, thats what we did. It was Driven, Neighborly, and Adaptable. Thats been the whole focal point of the business since Day One. During his time at T-mobile Nick Huzar helped to redevelop the online channel enabling the company to accept over $45 million a month in payments and 8 million customers. 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 - Greater Seattle Area | Professional Profile | LinkedIn Thats a nice, easy way to get ahold of me. As new fathers, they needed to sell their old belongings to make room for their newborns, but felt limited by the existing online options. What would you say really made him such an amazing tech co-founder? 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. He did a lot of back-end database. I had a room full of stuff. He understands engineering is just enabling an outcome. You can literally use it for almost anything. You went to Washington State University, and you got involved with. Within a year, year and a half, I was loving the internet. What are your core values at OfferUp? I look forward to it. Nick Saban Net Worth | Celebrity Net Worth With over 33 million downloads and more than $14 billion in transactions, OfferUp is now the largest mobile marketplace in the U.S. Hes seen the ups, the downs, and obviously, now, hes seen a lot of traction. nick huzar net worth 2020. nick huzar net worth 2020. Weve always focused a lot on this excess of sellers and buyers and connecting them. If you can imagine five guys sitting down in a room coding with just stuff everywhere, thats what our first office looked like. I could code that. Net Worth & Salary of Nick Hanauer in 2023. I had a wife that was working, and I had a daughter on the way. Thats a growth mindset whether theyre at OfferUp or in their own lives, theyre not happy with the status quo. He is becoming more successful day by day and will soon surpass his current net worth. What do you look for in culture? : Definitely, you learned the sleeping on an air mattress and living in the office. With her blessing, I decided to move forward and dedicate all my time to building up what is now OfferUp. I think they were all great people in their own right, but for what we were trying to build, probably not. There he designed the original platform and directly managed the engineering and design teams in addition to his daily duties as the companys Chief Technology Officer. stufftv.org - Enlightenment. Action. Impact. The other one is payments. Nick Huzar: By the way, he would hate it if I called him an engineer because he is definitely more than that. Also, remember, if you need any help, whether it is with your fundraising efforts or with selling your business, you can reach me at, EP 199 Nick Huzar On Raising $380M To Build A Marketplace App That Is Used By 44 Million People, Bill Powers On Raising $500 Million To Improve Your Driving Behavior, Cap Table: Everything Entrepreneurs Need To Know, He Cofounded A Business Of 4,000 Employees That Just Sold For $2.6 Billion To Delivery Hero, Sacha Michaud On Cofounding A Business Of 4,000 Employees That Just Sold For $2.6 Billion To Delivery Hero, His Previous Business Is Worth $1 Billion And Now Raised $54 Million To Create A Cloud-Native Database Service, Nikita Shamgunov On Building A $1 Billion Business And Now Raising $54 Million To Create A Cloud-Native Database Service. 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? But if you peeled away the branding, you realized that under the hood, they all kind of functioned the same. Hello everyone, and welcome to the. He has appeared in shows as well as advised some companies. 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.
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