If you opt to sell your property on OpenDoor, you will be given a valuation from the startup. Once you accept it, OpenDoor pays you for your home and effectively “flips” the real estate, seeking to sell it for a profit. To entice buyers, OpenDoor allows for self-guided property tours at any time, made possible by smart locks and security cameras. If you buy a house from OpenDoor, you also receive a 180-point inspection, warranty and 30-day money-back guarantee. This time last year, the company raised an $80 million Series C. Across all rounds, OpenDoor has now raised a cumulative $320 million. It’s very likely that OpenDoor now holds a valuation that exceeds the $1 billion unicorn threshold.

https://techcrunch.com/2016/11/30/online-real-estate-service-opendoor-raises-210m-series-d-despite-risky-financing-model/?ncid=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+techcrunch/startups+(TechCrunch+%C2%BB+Startups)