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I mentioned the stories of our origin; I still feel like were very much in the early days. I think were probably one of the top places in the country in terms of units. Thats interesting. How deep in the business are you going and understanding the metrics and inputs and the outputs, and we expect that from everybody, whether an executive or somebody on the frontlines of our customer service team. OfferUp was one of the first, truly mobile marketplaces and more and more experiences are going to continue to happen exclusively via smartphones., Top 3 Tips From OfferUp To Convert Your Items To Cash. It was to explore, like more of the treasure hunt type of experience. What is in the retail store down the street, and why dont people know that those things exist in there. 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. Articles about Nick Huzar - GeekWire Within a year, year and a half, I was loving the internet. 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. Nick Saban is the highest-paid college football coach in the world, and his salary matches his reputation . Nick Huzar is CEO and Co-Founder of OfferUp. I came back to my wife after probably four-and-a-half months, at least, and she kept asking, When are you getting your job? One day, I said, You need to come home tomorrow. 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. I can work with engineers, and tie into databases, and be functional. I had a father who worked at Boeing his whole life. He coded our first Android app in the summer, all by himself. It was great. I knew I was passionate about computers. Prior to OfferUp, Huzar worked at Microsoft and T-Mobile and founded several start-ups. So, I have three kids bikes. 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? Opinions expressed by Forbes Contributors are their own. (Photo Credit: [+] OfferUp), At the 2013 White House Correspondents Dinner, Conan OBrien quipped that Matt Drudge, founder of the Drudge Report, was not in attendance because he had a prior commitment to teach a web design class in 1997.. : It was great. In our case, we happen to have three to make it easy. You want to find the right people to believe in where youre going and are really motivated and excited about that. What is in the retail store down the street, and why dont people know that those things exist in there. Huzar and van Veelen focused intently on understanding the competitive landscape, consumer behavior and the economic backdrop to design a tech-enabled solution for its customer base. I grew up in a suburb about 20 minutes south of Seattle. VW Will Build a $2 Billion Electric Truck and SUV Plant in South Carolina, Meta Cuts the Price of Its Quest Headset Up to 33% After Disappointing Demand, John Malone andCharter Directors Agree to $87.5 Million Settlement, Apples Cloud Chief to Leave, Adding to Wave of Departures, Anti-ESG Crusader Wants to Take Trumps Agenda to Next Level, Turkeys Erdogan Criticizes Rivals Over Candidate Squabbles, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece. Also, remember, if you need any help, whether it is with your fundraising efforts or with selling your business, you can reach me at [emailprotected]. He set that up. 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. Today, you see a lot of apps that have this long, infinite scrolling pic list of pictures. What would you say was the most painful and the biggest lesson, at the same time, for you? Alejandro: Very nice, and very timely given the times that were living in. So without further ado, Id like to welcome our guest today, Nick Huzar, welcome to the show. What do you think? I said, Hey. Alejandro: Definitely, you learned the sleeping on an air mattress and living in the office. He bagged this fortune because of his hard work and his excellent gaming skills. : Yeah, definitely. Definitely, Im sure that creativity and how your mom pushed you in that regard, perhaps has had an incredible influence in your career. 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. Perhaps they will also appreciate it. Most days, I feel like I am playing with Legos. My parents threw me into a bunch of things as a kid. Earlier in his Career Nick held positions at T-Mobile and Microsoft. He was able to figure things out. 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. How much is Nick Kyrgios' Net Worth in 2022? The second promotional area is our auto business. But there are other dimensions to that. 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? Nick Huzar: While I was out of college, within that first year, the whole dot-com scene was happening, and it was big. 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. Thats been the whole focal point of the business since Day One. Tell us about the turning page here, going into a new chapter. Then, also, the dot-com bubble hit, and everyone stopped sponsoring those events. We give them promotions and analytics. 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. I think just given the fact that I had just come off of another startup, I had no income because I had just quit. So, you get the green light, and what happened next? Nick Huzar played a vital role in assisting the CEO with fundraising efforts which attracted over $6 million in investment. Probably just not the best advisors and folks around the table. I go back to even reflecting on my own decisions. Youve probably thought about this very well at the beginning, and now as youre looking at pushing other markets, how do you guys think about liquidity in the marketplace? They have too many, and theyre just on a wall, and no one really thinks about them. Net Worth: $250,000 - $499,999. Well, Nick, thank you so much for being on the, If you like the show, make sure that you hit that subscribe button. How do you guys make money for the people that are listening? What would you say really made him such an amazing tech co-founder? And I didnt tell my parents, and then my mom found out about it because they wouldnt buy me one. nick huzar net worth 2020 We would find that handful of engineers, and we would pay them. I could design all the apps, but Im not a great back-end engineer at all. Nick Huzar: During my Konnects experience? And I didnt tell my parents, and then my mom found out about it because they wouldnt buy me one. Twenty years later, the smart phone is the new digital disruptor and a major force in driving users from PC to mobile. They have too many, and theyre just on a wall, and no one really thinks about them. So, when we built out shipping, we said, Why not just enable this so you can continue to do local transactions, but now you dont even need to get in your car. And it opens up the nation for buyers and sellers. Is that right? So, that was some of the initial sketches that we did. Thats been a big part of it. Why? Id say a good healthy portion of my house, probably over half of my house are things I bought from OfferUp. 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. Those are our overall what we look for in people before they even come into the halls of OfferUp. Nicholas J Huzar, 43 - Wentzville, MO - Has Court or Arrest Records One is promotions, and thats simply helping sellers to be more successful. For some people, thats not comfortable, so you need people that can zig and zag with the company as it scales. 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. We expect people to dive deep into things like that. The second promotional area is our auto business. I was leading projects for Paramount Parks. 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. I feel like if you get those things rightsure, there are plenty of other challenges, but theyre going to be a lot easier to navigate if you have the right people on the bus. I think the learning lesson was interesting because we realized that networking is valuable, but its also inefficient. I came back to my wife after probably four-and-a-half months, at least, and she kept asking, When are you getting your job? One day, I said, You need to come home tomorrow. For me, the most basic way, when I started an offer up, I came up with a design. He set that up. That was a lot of work. We could make it a visual experience, this kind of geo-aware. 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.