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Phoenix

2 statements across 2 episodes · 0 bullish · 1 bearish · 2 people on the record · first statement Sep 30, 2021 by Keith Rabois · said 2 times in 2 episodes since 2023 · across every show →

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brought up most by Phin Barnes (1)

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Everything said about Phoenix, oldest first

Sep 30, 2021
Assertion Contradicted
Rabois: Phoenix home prices decayed at most 2% monthly in 2008
“No market in the United States actually collapsed very fast. Like even in Phoenix, which was one of the most affected markets in 2008, the greatest decay in any 30 day period was about two percent.”
Keith Rabois Sep 30, 2021 ▶ 17:56 20VC: The Opendoor Memo: Keith Rabois on The Origins of Opendoor from a Conversation with Peter Thiel, Why Cash is Not a Competitive Moat for Startups Today and What People Misunderstand About Black Swan Events in Real Estate and How it Impacts Opendoor
Apr 7, 2025 negative
Disclosure
Garcia: VCs rejected Carvana over capital intensity and being in Phoenix
“And I think at the time that we were trying to do our early fundraisers, I think, you know, capital intensity, operational intensity were not popular. Marketplaces were very popular. That was kind of like the pattern people saw. Phoenix was not viewed as a mar…”
Ernest Garcia Apr 7, 2025 ▶ 6:18 Carvana CEO & Co-Founder, Ernest Garcia: Building a $50B Company, Losing 99% and Coming Back · 20VC with Harry Stebbings
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