Pinned
Formula for startup success: Find large highly fragmented industry w low NPS; vertically integrate a solution to simplify value product.
Keith Rabois
@rabois
entrepreneur, investor, contrarian
Miami, FL
Joined February 2009
- Upgrade from your traditional commercial broker asap.In 2014, I took on real estate brokers w/ my company Opendoor In 2023, I took on the $500B insurance broker industry Now we protect $50B in revenue across 1000+ clients Don't be deceived by insurance brokers. I’ll personally show how we can help: [email protected]
- the more people you consult for advice, the more likely you’ll make a bad/average decision. (1) ppl are, on average, risk averse...and, in quantity, will blunt your boldness. (2) ppl may hate/envy opportunities they lack. (3) ppl tend to mix cynicism (bad) w/ criticism (good)
- Narrative violation.of the 34 VC backed startups who raised at $10B+ valuations this year ~ 1/3 are in the Bay Area a lot of great opportunities to invest in other regions
