The Pomp Podcast

Opendoor CEO: Housing Is Broken (Here’s the Fix) | Kaz Nejatian

72 snips
Jan 23, 2026
Kaz Nejatian, CEO of Opendoor and former Shopify product leader, focuses on reducing friction in housing to expand access to homeownership. He talks about rising transaction costs, using liquidity to speed home sales, AI-native mortgages, modern underwriting, and running a fast-feedback, transparent company. Short, sharp takes on policy, interest rates, and leadership keep the conversation moving.
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INSIGHT

Embed Services Around Core Transactions

  • The most valuable economics come from the first derivative: services built around the core product's transactions.
  • Ownership of distribution, trust, and underwriting enables embedding high-margin services.
ADVICE

Be Transparent And Invite Accountability

  • Remove layers between management and customers to enable direct accountability and faster fixes.
  • Publish frequent, transparent metrics and invite feedback to learn and iterate quickly.
ANECDOTE

Quit After An Earnout For Purpose

  • Kaz sold his startup with an earnout and quit the day the deal closed because he didn't want to coast as wealthy without meaningful work.
  • He prioritizes weekly self-evaluation to keep his life and career aligned with impact and challenge.
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