$OPEN Showed my wife this video.
She laughed and goes “That made buying a house look soooo easy”
I love how she saw the vision immediately🥰
BULLISH is an understatement ⚡️
Add this to the People Are Saying thread 🧵 @Opendoor
BREAKING: Inside Opendoor w/ CEO Kaz Nejatian
On earnings day, @nejatian opened the doors to Sourcery to go under the hood of the public turnaround of a company once trading at ~$0.50 & facing delisting risk
6 months in.
$1 salary.
Up to $2.8B in performance equity.
All gas, no brakes
I toured the office, sat in on a product meeting, BTS of the livestream, & recorded our long-form interview where Kaz shares openly how they’re rebuilding @Opendoor in public
(with the help of the $OPEN army, of course)
This was unlike anything I'd ever seen before.
Big thank you to the Opendoor team for letting me in!
𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒
(00:00) Kaz Nejatian, CEO Opendoor
(01:11) Near delisting & stepping in at a $0.50 share price
(04:20) Obsessing over Opendoor
(07:00) Running a Public company without playing the Headline Game
(09:09) The $1 salary & being fully levered to the mission
(11:15) The stock follows the company, not the other way around
(13:00) Founder mentality & calling out the BS
(15:57) Reading every invoice & slashing consulting spend
(18:00) Paying millions to learn that cheaper means worse
(20:50) Keith Rabois on Opendoor
(23:10) Customer support said, “Have you heard of Google .com?”
(25:05) Hiring YC founders & rebuilding the company’s technical DNA
(27:35) Refusing to become a polished public CEO
(29:48) Attention to detail vs macro thinking
(33:09) The most-watched earnings call in history
(36:10) Posting on X, backlash, & quoting Max Weber
(38:50) The chance to own a piece of America
(41:34) Why speed beats over-optimizing risk
(43:28) Building a board you would pay to have dinner with
(48:01) The “weird” decisions
(51:54) Biggest lessons from Shopify CEO Tobi Lütke
Innovation meets impact.
Chef, Restaurateur, and humanitarian José Andrés will join Ripple Co-Founder @chrislarsensf on the keynote stage at Swell 2025 in NYC.🗽
Don’t miss it—request to attend now: https://t.co/IYs7MG3snr
Today, @Ripple announced the acquisition of Hidden Road for $1.25B, one of the largest deals ever in the crypto space. But the price tag isn’t what’s most important – it’s that this deal marks a once-in-a-lifetime opportunity for crypto to access the largest and most trusted traditional markets, and vice versa.
Prime brokers (along with other key functions historically managed by banks for the most part) like Hidden Road have proven themselves as *the* trusted intermediary for the largest hedge funds, market makers, OTC desks, quant traders and more. Ripple has been a customer of Hidden Road for years, and we know their breadth of expertise firsthand, clearing $3 TRILLION annually for 300+ of the top financial institutions globally.
This is the capital and activity that will tap into XRP and the XRP Ledger’s bread-and-butter – instant, efficient, scalable and low cost movement of value. Instead of waiting for <24 hours to settle trades through fiat rails, Hidden Road will be using XRPL for clearing a portion of trades, and most consequentially, using RLUSD as collateral across its prime brokerage services, including cross-asset (crypto and traditional instrument) trades.
With this deal and the backing of Ripple’s significant balance sheet, Hidden Road will exponentially expand its capacity to service its pipeline and become the largest non-bank prime broker globally.
Ripple and Hidden Road combined are a generational leap forward, ready to truly bring the worlds of traditional and decentralized finance together. https://t.co/UYOOyQ21dG