Eric Wu is the co-founder and former CEO of Opendoor Technologies Inc., a company transforming the real estate market by allowing people to buy and sell homes online. He played a key role in driving Opendoor's growth and innovation since...
Eric Wu is the co-founder and former CEO of Opendoor Technologies Inc., a company transforming the real estate market by allowing people to buy and sell homes online. He played a key role in driving Opendoor's growth and innovation since its inception. In 2021, his total earnings soared to over $112 million, primarily through the vesting of stocks, a clear sign of his stake in the company's performance. This aligns with Opendoor's compensation strategy, which emphasizes equity over cash bonuses—he didn’t receive any cash bonuses in 2022 either. Wu held a massive chunk of the company's shares, worth over $717 million at one point in 2021. However, due to market shifts, these holdings have diminished significantly, now valued around $36 million. Eric stepped down from his CEO role in late 2022 to become President of Marketplace but resigned from that position in early 2024, remaining as an advisor afterward. His journey shows the highs and lows of startup leadership—and how closely it ties to the company's fortunes.