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Opendoor: Launching in Los Angeles
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Reference: SGSB-M379-E
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Year: 2020
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Number of pages: 15
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Geographic Setting: USA
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Publication Date: Mar 20, 2020
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Source: Stanford Graduate School of Business (USA)
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Type of Document: Case
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Industry Setting: real estate; technology
Description
The Opendoor case follows head of market operations Megan Meyer as her team develops a strategy to enter Los Angeles, a substantial departure from the existing real estate markets the company had worked in through 2018. Particular issues explored include market segmentation, new market entry strategy, and quantitative analysis of unit economics and addressable markets.
Learning Objective
Students will discuss lessons in prioritizing target markets, driven by both company strategy and quantitative analysis of potential markets and unit economics.