Keith Rabois' home-buying disruptor Opendoor, politics, innovation; Cyan Banister @AngelSummit E630
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 Published On Mar 15, 2016

Keith Rabois on his home-buying disruptor Opendoor, the political storm, advice for founders, & the rules of innovation at LAUNCH Festival; bonus: Cyan Banister on investing with purpose at LAUNCH Angel Summit.

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Timestamps
00:00 Start

1:35 Jason asks Keith how he splits time between Khosla Ventures and his new company, Opendoor, which values and sells your home for you.

3:13 Keith gives some details on the number of homes in Opendoor’s inventory and what fees they charge customers.

4:59 Who’s funding this operation? Keith explains where the early capital came from and who invested in Opendoor later, even in the midst of market woes.

7:22 Jason asks Keith how Opendoor works with real estate agents.

11:30 Jason and Keith gripe about how real estate agents currently operate.

12:53 Keith explains how Opendoor is shaking up the sales side of the housing market.

15:06 Jason and Keith discuss the possibility of a “try before you buy” concept where prospective buyers rent the home for a few months.

16:49 How many homes will Opendoor be holding once it really takes off? Keith breaks down all the variables in the company’s growth.

18:37 Jason asks Keith how San Francisco can fix its insane housing market.

23:15 Would Opendoor ever come to San Francisco? Keith says yes, but it’s not a priority.

24:22 Jason wonders if Keith should Airbnb homes in the Opendoor stable while they’re finding a buyer.

25:24 Jason asks Keith what he thinks of the Zenefits fiasco, and his friend David Sacks’ ability to clean it up.

29:40 Keith shares his best advice for entrepreneurs in 2016.

31:34 Keith lays out the perks of being an investor.

32:36 Jason asks Keith, a professed member of the GOP, what he thinks of Trump’s odds for the presidency.

37:48 Is it the end of the two-party system in America? Will Congress have to pick the president? Could Michael Bloomberg still sneak in? Jason and Keith continue their political discussion.

40:23 Cyan explains how her business and life partner Scott helped her become an angel investor in Topsy, SpaceX, and more.

41:36 Cyan underlines the importance of having a business partner who complements you.

42:15 How do you find new companies for your portfolio? Cyan says you should start with alumni and networking events.

43:38 Cyan explains why she and Scott continue to invest, and shares two stories of personal encounters with Uber and Postmates which made her proud to be an investor.

46:01 Where should the rest of your money go? Cyan preaches the virutes of philanthropy.

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