SPIKE LIPKIN

8 10th Street, Apt 2405, San Francisco, CA 94103 ▪ Tel: 970.309.4332 ▪ Email: slipkin@stanford.edu
EDUCATION
STANFORD GRADUATE SCHOOL OF BUSINESS, Stanford, CA September 2014 – Present
Master of Business Administration Candidate
UNIVERSITY OF CAMBRIDGE, Cambridge, UK September 2013 – July 2014
ST. JOHN’S COLLEGE, MPhil in International Relations and Politics
 Yergin Scholarship (Full merit scholarship offered to one student per year by Daniel Yergin)
 Thesis explores design of market based strategies to more efficiently distribute and conserve water in the American West
UNIVERSITY OF PENNSYLVANIA, Dual Degree Recipient, Philadelphia, PA September 2007 – May 2011
WHARTON SCHOOL, Bachelor of Science in Economics with concentration in Finance, Summa Cum Laude
COLLEGE OF ARTS & SCIENCES, Bachelor of Arts in Philosophy, Minor in Spanish, Summa Cum Laude
 Honors: Rhodes Scholarship Finalist, Joseph Wharton Scholar, Benjamin Franklin Scholar, Beta Sigma Gamma
 International Experience: Studied for 5 months in Havana, Cuba at the La Universidad de la Habana and worked closely with a
Cuban economist on an independent study in Spanish on the economics of the Cuban ration system
PROFESSIONAL EXPERIENCE
OPENDOOR.COM, San Francisco, CA July 2014 – Present
 5th employee at a now Series B start-up focused on leveraging technology to reduce friction costs and time associated with
buying and selling homes
 Played central role in building the business at each stage of our development—initially helping design and build the product,
operations, and customer support, and then after the product began to scale quickly, capital became our primary constraint and I
shifted to lead finance
 Built and scaled 15 person market analytics team, responsible for hiring, managing, and creating incentive system for the team
Head of Finance
 Co-leading negotiations with CEO and execution of $150mm asset-backed revolving debt facility with major private equity firms
 Pitch company and structure debt terms with investors, interface with counsel to create deal documents
 Participate in strategic growth discussions with senior team and Board of Directors

THE BLACKSTONE GROUP, New York, NY July 2011 – June 2013

Real Estate Private Equity Analyst
 Developed LBO, DCF, distressed debt, and operating models to analyze profitability of investment opportunities and monitor
performance of portfolio companies and assets
 Interfaced with counsel, bankers, senior management, and observed negotiations and management meetings
 Prepared materials for and attended weekly Investment Committee led by Stephen Schwarzman, Tony James, and Jon Gray
Select Transaction Experience
Invitation Homes: Blackstone portfolio company formed to acquire, refurbish, lease, and manage 42,000+ single-family homes in 13
cities across the United States
 Sole analyst involved in developing Blackstone’s thesis on the housing sector and forming and operating the company
 Helped grow company from investment thesis to $8bn+ business with 42,000+ homes and ~10,000 employees
 Created company operating model to determine cash flow needs and report quarterly valuation for public filings
 Formulated interactive iPad / iPhone heat mapping application that facilitated comparisons between groups of assets
 Led implementation of Salesforce and BI tools to optimize reporting and analyze daily operations
 Interfaced with senior management team daily to discuss business issues and implement strategy
Eagle Hospitality: Discounted purchase of $603mm of debt and ultimate conversion into common equity of a portfolio of 13 hotels
 Built model to price bid and estimate cash leakage under various scenarios including bankruptcy, foreclosure, and par payoff
 Interfaced with bankers and lawyers to draft term sheet and purchase and sale agreement
 Attended meetings with board and common and preferred equity holders to negotiate a forbearance agreement
 Monitored performance of each hotel and met with asset managers to develop revenue enhancing and cost saving strategies
THE SPIKE REPORT, Aspen, CO 2004 – 2007
Television Host, Director, Producer, and Fiduciary
 Interview program on Grassroots Channel 12 with notable guests including but not limited to the late 60 Minutes news
correspondent Ed Bradley, U.S. Senator John Warner, and NPR Foreign Desk Editor Loren Jenkins

COMMUNITY AND CAMPUS ACTIVITIES: Reading Tutor at Harlem Village Academies, Consultant at the Penn Small Business
Center, Vice-Chair of the Penn Fund, Men’s Rowing D1 Novice
SKILLS AND INTERESTS
Language: Fluent in Spanish | Computer: MS Office | Interests: Politics, Real Estate, Technology, Hiking, Skiing, and Squash