Formula for startup success: Find large highly fragmented industry w low NPS; vertically integrate a solution to simplify value product.
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Keith Rabois
@rabois
entrepreneur, investor, contrarian
Miami, FLJoined February 2009
Keith Rabois’s Tweets
Warned you.
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"Among the most striking claims in Mr. Yu’s lawsuit is that ByteDance’s offices in Beijing had a special unit of Chinese Communist Party members sometimes referred to as the Committee, which monitored the company’s apps..."
nytimes.com/2023/05/12/tec
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100% accurate.
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A hallmark of successful startups: each board meeting brings fresh challenges.
A hallmark of unsuccessful startups: we keep discussing the same things.
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This week's clone launch on is Margaret Thatcher. Everyone has a lot to learn from the Iron Lady
Links below 👇
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Indeed.
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“Dozens of current and former TikTok and ByteDance employees have told Forbes that any purported separation between the two companies is largely cosmetic.” forbes.com/sites/alexandr
Who could have seen this coming?
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Opendoor is currently active in 52 markets...
Number of markets Opendoor's average listing margin is >10%?
33.
Number of markets Opendoor's average listing margin is negative?
1.
$OPEN earnings this week 👀
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Improved audio quality:
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My views on how to make decisions, build companies and assess founders too.
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Ep 62 return of @rabois:
- lessons from @peterthiel @reidhoffman @jack
- why he'll never invest in a remote co
- why he doesn’t analyze TAM
- does he still think SF is next Detroit?
- was Miami a ZIRP?
- Bob Lee
Spotify: open.spotify.com/episode/43VezF
YouTube: youtu.be/fA00lIUES9A
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Serious content:)
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Ep 62 return of @rabois:
- lessons from @peterthiel @reidhoffman @jack
- why he'll never invest in a remote co
- why he doesn’t analyze TAM
- does he still think SF is next Detroit?
- was Miami a ZIRP?
- Bob Lee
Spotify: open.spotify.com/episode/43VezF
YouTube: youtu.be/fA00lIUES9A
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with the great Barry’s set list to close out a successful tech week
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Good to see so many friends, founders, investors, and builders at LUX x CONSTRUCT event in Miami. Met people who live in Miami, Austin, Boston, NYC, SF, Chicago and other places.
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And she said nobody is building in Miami…
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Reunion of @ycombinator founders at Miami Tech Week! Incredible how many tech companies are building in Miami 
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Everything you wanted to know about Openstore & Drive:)
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New video just dropped
@mrsharma asks @JoinOpenStore's CEO, @rabois, all the questions about our end goal and our latest offering, OpenStore Drive.
youtube.com/watch?v=MUgzJd3
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NEW! Jeb Bush, Keith , and more discuss the intersection of tech and policy at Miami Tech Summit. What did they share? was there - refreshmiami.com/jeb-bush-keith #miamitechmonth #miamitechsummit #moamitech
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And I am teaching a Barry’s class on Friday at 4 pm!
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Extraordinary series A company in Miami & NYC looking for head of finance candidates: jobs.lever.co/Traba/a44c3e71. (Apply or email me directly).
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I'm delighted to share that I’ve joined as a Partner! I'll be focused on defining the next decade of Founders Fund's crypto strategy while looking for the next wave of generational crypto startups and founders to back. For more, read medium.com/@joeykrug/join or below
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Replying to
And the data is here to support it , homeschooled kids fare the best. They just want the kids to go to school in order to get time to indoctrinate them
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First week living back in Miami Beach:
• Screen time down 40%
• 10 coffees / workouts with talented operators
• Earlier wakeups, earlier workouts, higher productivity
It's hard to imagine a healthier place to be an operator than Miami.
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The happiest & healthiest City.
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Friend recently relocated to Miami. First week in Miami his screen time decreased by 70%. :)
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Correct. I discussed this on the with . helped build China’s VC ecosystem. We need an outbound CFIUS process that stops anti-patriotic US companies & investors from helping the Chinese Communist Party develop the technologies that will define the… twitter.com/Cliff_Sims/sta Show more
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Brand new podcast. Principles of building, and deep dive into Openstore!
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Thrilled to share my first episode with a returning guest.
It was my pleasure to have @rabois back on the podcast.
Back in 2020, we discussed Keith's key principles.
This time, we discuss how he's applying those principles as CEO @JoinOpenStore.
Enjoy: podofjake.com/2023/04/04/126
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As predicted.
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Remember when I said San Francisco is the next Detroit…. twitter.com/michelletandle…
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Still accelerating.
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Ramp just turned 4 years old. I’m proud to share that in ’22, @tryramp’s revenue grew an industry leading 4X YoY. By obsessing over the value we deliver for customers we entered '23 as the industry’s fastest growing finance automation platform. Here’s how: ramp.com/blog/future-of
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Don’t miss this!
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Excited to announce our first panel for Miami Tech Week
@eglyman & @karimatiyeh have built a monster of a company over the past 5 years + have an office in the 305
Excited to have @packyM interview them about how they've built such an amazing product to automate the CFO suite
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No more excuses.
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Americans support banning TikTok 57-36, per a new Marist poll.
And support is bipartisan, with majorities of Rs, Ds and Is in favor.
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The only smart VC take over the past 5 years was making the SF->Miami call. Have to admit he nailed the trade.
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Heading to San Francisco next week
We're hosting a recruiting event at the office next Wednesday, March 29th.
To learn more about Delphi's origin story, our vision, & our team, apply to attend at the following link
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Maybe we should stop TikTok because the Chinese government can spy on us and know who we are and how we feel about things through the app. But for sure we should stop TikTok based on how China blocked every large foreign tech company from operating freely in China.
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