The Founder Hour

Keith Rabois | Venture Capitalist and Co-Founder of Opendoor and OpenStore

13 snips
Jun 11, 2024
Venture Capitalist Keith Rabois shares his journey from law to tech, discussing contrarianism in venture capital and the evolution of Opendoor. He also delves into building a Shopify brand acquisition empire and the qualities venture capitalists look for in founders.
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ANECDOTE

Meeting Peter Thiel

  • Keith Rabois met Peter Thiel on his first day at Stanford.
  • Thiel was delivering the Stanford Review, and Rabois's conservative leanings sparked a 30-year friendship and collaboration.
ANECDOTE

Joining PayPal

  • Rabois joined PayPal after seeking Thiel's advice on his failing startup.
  • Thiel's unexpected job offer led Rabois to move across the country in 24 hours.
INSIGHT

PayPal's Culture

  • PayPal's environment was intensely meritocratic and debate-driven.
  • The density of talent was exceptionally high, exceeding even Goldman Sachs and McKinsey.
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