Keith Rabois' home-buying disruptor Opendoor, politics, innovation; Cyan Banister @AngelSummit | E630

Jason Calacanis talks with Keith Rabois about how Opendoor is changing the real estate market, discusses San Francisco's housing crisis, and explores Trump's presidential odds. Later, Cyan Banister shares her journey as an angel investor and the importance of philanthropy.

Speakers

AI Chat

Unidentified

Unidentified

Jason Calacanis

Host • 29%

Keith Rabois

Guest • 53%

Unidentified

Unidentified

Cyan Banister

Guest • 16%

Chapters

0:00	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.

Transcript

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