Al ☘️

Investor & advisor 📈 | Finance & education advocate | ⛳️ former CHI/ATX 🤠 🙏🎹 ☘️| $OPEN Army HODL since $0.59 - views personal, NOT financial advice

[Al ☘️ @ARski34]

Vibe-coding is here to stay... don't believe me? You should try it yourself!

https://t.co/SaYWlRgSXN

[Al ☘️ @ARski34]

What I Learned About Faith and Fatherhood from Charlie Kirk…

Great article by @JDVance https://t.co/Zg3FHeBlTg

[Al ☘️ @ARski34]

@TedPillows @thomaspower Sometimes a short like Bury or Noble is actually right and can get to their local McDonald’s

[Kaz Nejatian @nejatian]

Every week, I discover a different part of the legacy real estate stack that runs on deprecated software.

I just found out a pattern that is widely used in majority of real estate transactions that relies on a file format that was deprecated 20 years ago.

[Steve Johnson @SJohn_1974]

@GovBraun @ClayTravis Red States know how to get things done, because they know how to manage money and have ample surpluses which can lead to building these things and attracting tourists and different events to the State 👍🏻

[Al ☘️ @ARski34]

@DavidSacks I agree with reg capture but I also think they are right on recursive self improvement from AI being a risk to safety…

…can’t both be right on same sides of the coin - unlock potential for competition but also securing against risks? So why not a natural 1% slowdown in AI here

[Sam Parr @thesamparr]

A lot of top bankers in 1929 made the equivalent of $100M a year working 6 hours a day.

I just read this in Andrew Ross Sorkin's new book, 1929.

- One guy's routine was wake up at 6, workout, get to the office by 10, and home by 5.
- Another took the whole summer off in Europe. The boat ride was 3 weeks each way.

I’ve read about other examples of super successful people like this. Andrew Carnegie barely worked, Ted Turner (who built CNN) would disappear 3 months at a time to race sailboats professionally.

But then today we see a lot of people talking about how hard work is necessary to do great things.

They likely grinded to get there. But it's important to know what season you’re in.

Don’t compare your spring to someone else’s summer.

There are seasons to grind, and then there are seasons to rest.

[Jeffrey Ye @jeffye888]

Buy low… sell at $500

$OPEN

[Esan @esandurrani]

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[Eric Jackson @ericjackson]

Just recorded and posted an 18-minute X Subscriber only video on my meeting yesterday with Opendoor CEO Kaz Nejatian and President Lucas Matheson.

It’s uploading now.

This goes quite a bit deeper than the walk-and-talk video I posted this morning.

Topics include:

• 4.99% financing rolling to 40 states by September
• AI-driven efficiency gains
• New ancillary service opportunities
• Tokenization and the future of housing finance
• Potential partnership opportunities
• Why billion-dollar companies often fail when trying to build trillion-dollar businesses

I spent about an hour with Kaz and Lucas yesterday at Opendoor’s Toronto office and came away even more excited about where the company is headed.

If you’d like to watch it, feel free to subscribe. The video should be live shortly.

[Eric Jackson @ericjackson]

Yesterday I spent an hour with Opendoor CEO Kaz Nejatian and President Lucas Matheson at their Toronto office.

We discussed AI, tokenization, new partnerships, capital markets, ancillary services, why they’re hiring aggressively, and how a company trying to reinvent homeownership has to think much bigger than a traditional real estate business.

More bullish than when I walked in.

Full subscriber breakdown later today.

[Eric Jackson @ericjackson]

Got to spend time today with the new Opendoor OGs - @nejatian and @lucmatheson - at the new Toronto offices. I will write more later but, OPEN Aarmy, your investment is in GOOD HANDS 🙌🏻

[Al ☘️ @ARski34]

Have a great Friday and even better weekend! If any founders want to connect, my DMs are open.

[Fahd Ananta @fahdananta]

Today we're launching a new Opendoor app on iOS

You can browse homes, see prices and home details, book a tour in a few taps, and manage everything in one place

Try it out and let me know what else you'd like to see us build into the app

[Kaz Nejatian @nejatian]

I think I said the best way to judge the company is across three management objectives. I said that a few weeks after I took over. Those where 1) can we scale acquisitions 2) can we improve unit economics and resale velocity while reducing aged inventory and 3) can we build operating leverage (i.e. make sure our contribution margin could cover our fixed cost by increasing former and holding latter steady).

on 1) 500%ish YoY, and Q1 2026 was the highest acq since 2022 and double Q4 2025.

on 2) % of homes on the market over 120 Days declined from 51%+ when I took over to ~10% last quarter, over the same period the market went the other direction and went from like 20%ish to 33% ish. Contribution Margin has improved every single month since my first day and March was the highest contribution margin in any quarter for some time. October, November, December, and January cohorts are each selling faster than any corresponding cohort since COVID.

on 3) Fixed opex was down both QoQ and YoY. And trailing 12 moth opex as a % of revenue is steady at 1.3% QoQ and since CM is up we are going in the right direction.

Those are the financial numbers, but also if you look at the people who are coming into Opendoor - they are exceptional and I'd put them up against any tech company. If you look at our shipping velocity, it is higher than it is has been in years (possibly ever?). We went from 35% of the market to 95% market in coverage. Our capital light product went from 0 to a third of our volume. etc. etc.

[Kaz Nejatian @nejatian]

If you are an Opendoor shareholder, I have an ask.

Proxy advisors at ISS and Glass Lewis have recommended shareholders to vote against me at our Annual Meeting. I don’t take this personally. This is the fifth time in my career these same people have told people to vote against my team.

These proxy advisors have built no companies and are not meaningful shareholders of OPEN. They're a checkbox industry charging fees to tell other people what to do with shares that aren't theirs.

Usually most companies can’t do anything about this since many institutional shareholders will just vote the way ISS tells them to.

But Opendoor has the Open Army! It is important that we stand up against this separation of management from shareholders.

If you are so inclined, help tilt the world in favor of shareholders and away from bureaucrats.

Find out how (ask your broker, check your emails) and vote your shares. Our board is excellent. We are back on mission and we are winning.

Don't outsource your vote. Read the proxy. Vote your shares.

[Al ☘️ @ARski34]

Anthropic about to go public this year - just the beginning. Multi-generational company.

[Al ☘️ @ARski34]

$MU >$1K — congrats all who have risen the awesome inference wave!

[Al ☘️ @ARski34]

@bgdbythesea @BitcoinIsaiah Hell yeah congrats brother!! I’m stoked for those that saw it when I clearly didn’t

[Al ☘️ @ARski34]

@AtlasShrug1 @kevinxu Good take

[Eric Jackson @ericjackson]

Day 285.

Today I walked back to the bridge.

The same bridge where, years ago, I was 350 yards from Drake’s house and 350 yards from mine.

It might as well have been a universe away.

I was facing the lowest point of my life.

I almost let go of the rope.

I almost stopped believing.

I almost turned around.

But I didn’t.

I took one step.

Then another.

Then another.

And slowly, I started walking out of the valley.

Most people think success happens when you arrive.

I’ve learned it happens when you decide not to quit.

Same method. Every day.

Show up. Put in the work.

It compounds.