The document discusses a company called OpenDoor that helps address the issue of millennials being unable to afford living in cities by themselves. OpenDoor builds community for people by managing roommate rentals, generating $50k in monthly recurring revenue from 3 properties and having plans to scale further by partnering with developers to manage bedrooms in apartment buildings. The company aims to operate efficiently with zero vacancy loss, low monthly user churn, and 100% referral rates.

1. Live Better Together.
founders@opendoor.io
angel.co/opendoor-2

2. $50k
MRR
3
properties
founders@opendoor.io angel.co/opendoor-2

3. 88%
Millennials are flocking to
cities but can’t afford it.
live with
roommates
founders@opendoor.io angel.co/opendoor-2

4. US roommate rentals
$105B
founders@opendoor.io angel.co/opendoor-2

5. Traditional OpenDoor
founders@opendoor.io angel.co/opendoor-2

6. People crave community.
We build it.
founders@opendoor.io angel.co/opendoor-2

7. Recurring fee on rents
15%
gross
margin
$200/mo
margin
per resident
=
founders@opendoor.io angel.co/opendoor-2

8. ZERO 2%
Vacancy
Loss
Monthly
Churn
100%
Referral
Rate
Operating Efficiently
founders@opendoor.io angel.co/opendoor-2

9. Scaling via Developers
SIX
$170k
50-100
MRR in
signed deals
developer
partnerships
bedrooms
per building
founders@opendoor.io angel.co/opendoor-2

10. We live it.
Ben Provan
COO
Jay Standish
CEO
founders@opendoor.io
angel.co/opendoor-2

11. $50k
MRR
140
pipeline
bedrooms
$105B
market
founders@opendoor.io
angel.co/opendoor-2