![]() 23andMe has a 50-50 partnership with pharmaceutical giant GlaxoSmithKline to leverage the company's genetics information to develop therapeutics. To put this in context, consider that the second-largest collection of genetic data belongs to Regeneron Pharmaceuticals, which has less than 10% of this amount. Where the real long-term potential lies is in the massive genetics data library the company has accumulated, with nearly 12 million genotyped individuals. Most people know 23andMe (NASDAQ: ME) for its consumer-facing genetics testing kits, and while this is certainly an excellent revenue stream, it's not the most exciting part of the company's business. If iBuying starts to gain serious traction and Offerpad can do it profitably, the company's $1.7 billion market cap could multiply several times over in the coming years. every year, and that's not to mention all the adjacent services like homeowners insurance and moving help that sellers need. Over $2 trillion worth of residential real estate is sold in the U.S. ![]() IBuying makes up just 1% of the real estate market right now, but the potential is huge. The company gets a fee for its service (similar to a real estate agent's commission), and then resells the home, hopefully for a profit. The seller gets to choose the closing date and avoids the pain points mentioned in the previous paragraph. If you aren't familiar, iBuying is where a company (like Offerpad) makes an all-cash offer to buy a home directly from its owner. That's where iBuying comes in and is why I recently added Offerpad Solutions (NYSE: OPAD) to my portfolio. and the timeline is up to the buyer and the mortgage lender in most cases. ![]() It can take months to sell a home, and the process is clunky at best - there are showings, staging, negotiations, etc. To put it mildly, the traditional way we buy and sell houses is outdated. The way we buy and sell homes could change dramatically ![]()
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