E1082: OfferUp CEO Nick Huzar on creating marketplace liquidity, acquiring Letgo & more

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OfferUp CEO & Co-Founder Nick Huzar on creating liquidity in a marketplace, acquiring their largest competitor in Letgo, location-based pay & more!

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0:00 Start

0:51 Jason intros Nick Huzar checks in on his quarantine & gets his tips on over-communication being a key to transitioning to remote

11:35 Nick on not having an office as CEO, helping team morale

14:41 What have the past few months been like for OfferUp? Has their business increased during COVID? What are the most popular current items?

18:59 How is OfferUp looking at the current state of the economy & how are they thinking about hiring talent in the current work from home climate? Are they going to create a hybrid office model?

28:38 Nick shares his thoughts on Zuckerberg scaling pay based on location

32:01 Starting OfferUp, differentiating from eBay & Craigslist

41:06 What markets work best for P2P buying & selling? How did OfferUp start creating liquidity in their marketplace

49:35 How does OfferUp acquire customers? How do they look at Amazon: competitor or supplier of inventory? Advertising integration into OfferUp & guaranteeing customer safety

1:01:02 Acquiring Letgo, what was the leak in Nick's game early on and how did he fix it?