Recode Decode: OpenDoor CEO Eric Wu / Evite CEO Victor Cho

Decoder with Nilay Patel

Vox Media Podcast Network

Technology, Business

4.3 • 3.2K Ratings

🗓️ 11 October 2019

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Recode's Kara Swisher interviews two CEOs in this double-feature episode of Recode Decode: First, she speaks with OpenDoor CEO Eric Wu about how technology is encroaching on the real estate industry, why housing is ripe for disruption, and how OpenDoor is bracing for the next recession. Later in the show, Swisher talks to Evite CEO Victor Cho about how the 21-year-old company is exploring new revenue models, avoiding the "MySpace slide," and what Cho learned from Eastman Kodak's failed turnaround. Featuring: Eric Wu (@ericwu01), CEO of OpenDoor Victor Cho, CEO of Evite Hosts: Kara Swisher (@karaswisher), Recode co-founder and editor-at-large More to explore: Subscribe for free to Pivot, Kara’s podcast with NYU Professor Scott Galloway that offer sharp, unfiltered insights into the biggest stories in tech, business, and politics. About Recode by Vox: Recode by Vox helps you understand how tech is changing the world — and changing us. Follow Us: Newsletter: Recode Daily Twitter: @Recode and @voxdotcom Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hi, I'm Cara Swisher, Editor-at-large of Recode.
0:03.7	You may know me as someone who invites people to parties the old-fashioned way, walking
0:07.2	through the town with a bell and yelling at the top of my lungs, but in my spare time,
0:11.4	I'm a technology journalist, and you're listening to Recode Decode, a podcast about tech,
0:15.3	politics, and the media.
0:17.1	We're part of the Vox Media Podcast Network.
0:19.7	Today, we have two interviews for you.
0:21.5	Later in the show, I'll be talking to the CEO of E-Vite, Victor Cho.
0:25.5	At first, we're going to play a conversation I had with Eric Wu, the CEO of Open Door.
0:30.2	He and Ian Wong started the company in 2014, and they describe it as the modern way to buy,
0:35.7	sell, or trade in a home.
0:37.9	And according to the company's website, more than 460,000 people in 20 cities have asked
0:42.5	Open Door to make them an offer on their homes.
0:45.5	I wanted Eric to come on the show because Open Door seems like the closest thing to the
0:49.0	next Airbnb, a startup that's really been doing something interesting with the physical
0:53.0	spaces we live in.
0:54.6	I'm also interested in this because I started buying houses in my early 20s, but Eric
0:58.9	has me beat.
0:59.9	He's been at it since he was a teenager.
1:02.0	This could obviously be very controversial, but we started out by talking about the ways
1:06.2	in which housing and real estate have been disrupted by technology.
1:10.6	Housing and real estate is going through four distinct changes.
	...

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