OpenStore
company on 8 shows · 14 statements across 4 episodes · said 87 times in 19 episodes since 2021
Startup Acquisition Stories 37 
20VC 22 
My First Million 16 
Founder's Journal 7 
BigDeal 2 
the Official SaaStr Podcast 1 
All-In 1 
TBPN 1
Mentions by year, every show
tap a year for its mentions
Startup Acquisition Stories 3720VC 22My First Million 16Founder's Journal 7BigDeal 2All-In 1the Official SaaStr Podcast 1TBPN 1
2025 3 mentions in 2 episodes 2 per episode
2024 11 mentions in 4 episodes 3 per episode
- How to Identify Top 1% Talent (Keith Rabois, Investor in Doordash, YouTube, Airbnb & Lyft)
- 10 Startups w/ Stock Grants That’ll Make You A Millionaire | Sara’s List 2024
- Keith Rabois on Rejoining Khosla Ventures | E1102 · 20VC with Harry Stebbings
- Delian Asparouhov: Inside the Walls of Founders Fund: What the World Does Not See | E1183 · 20VC with Harry Stebbings
- every mention in 2024, scene by scene →
2023 9 mentions in 3 episodes 3 per episode
2022 41 mentions in 4 episodes 10 per episode
- Startup Acquisition Stories with Frank Kosarek - Head Of Sourcing at OpenStore
- Brian Singerman: How I Became a Partner at Founders Fund, Why We Put $400M into Anduril | 20VC #943 · 20VC with Harry Stebbings
- SaaStr CRO Confidential: How to Raise in Late 2022 with Jason Lemkin and Sam Blond of Founders Fund
- Keith Rabois: The End of Woke Capitalism; Time Allocation Tips; Silicon Valley vs Miami | 20VC #891 · 20VC with Harry Stebbings
- every mention in 2022, scene by scene →
2021 23 mentions in 6 episodes 4 per episode
- 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
- 12 Startups Where Stock Grants Can Make You a Millionaire | My First Million #220
- MFM #166: Why a Sudoku Company Sold for $640m, "Opendoor for X" & Franchising Tech Companies
- 3 Patterns for Great Business Ideas with Jack Abraham, Founder, Managing Partner & CEO at Atomic
- 20VC: The Anduril Memo: Founders Fund's Brian Singerman on What Makes Palmer Luckey One of the Greatest Innovators in History, Why It Is BS The DOD Do Not Want To Work With Silicon Valley & Why in Venture You Have To Play A Different Game to the Hedge Fun
- E43: Innovative venture strategies, Zymergen's implosion, Square acquires Afterpay & more
- every mention in 2021, scene by scene →
every mention on every show, scene by scene, with the transcript →
14 statements about OpenStore, every show
Keith Rabois advises VCs against simultaneously acting as company founders
“So there are real, real trade-offs to company building. I would not recommend that.”
Rabois: Taking eight years off operating caused severe executive skill atrophy
“Like I took eight years between square and taking over, you know, CEO of open store. It's like muscle atrophy, you know, kind of going with the same metaphor. And it took me the first year at least to get back to be decent as a CEO.”
Rabois: I was too passive in setting OpenStore's culture my first year
“I was a little too, I was a lot too passive in letting the culture formulate in the first year, and I really have struggled to fix that.”
Rabois: Google's 20% time policy is catastrophic for non-monopoly startups
“If you have a monopoly, for example, Google has this 20%, you know, side project bullshit where they used to. If you have a monopoly business with 99% gross margins or 90% margins, maybe letting your employees waste time once in a while maybe isn't catastrophi…”
Kosarek: E-commerce merchants with under $10M revenue lack fast exit options
“A merchant maybe, you know, making in the one to ten million revenue range doesn't have as many options to pursue a fast and easy exit as you know, merchants that have achieved, you know, escape velocity above that ten million dollar mark.”
Kosarek: OpenStore plans to keep acquired brands intact rather than breaking them up
“Our long-term strategy is to acquire as many of these businesses as we possibly can and take into account that we want to leave The brands completely intact. We don't want to sell them for parts. We don't want to shut them down. We want to leave, you know, the…”
Kosarek: OpenStore requires $500K+ revenue and 50% US customers for acquisitions
“We'd like to see at least 500 K in revenue from the last 12 months, trailing 12 months. We also like to see that Shopify makes up a sizable percentage of the overall business, so at least 70% of sales we need to see coming from Shopify. And then also we need t…”
Kosarek: OpenStore can generate acquisition offers in 24 hours
“Assuming you come to the front of our website, you submit the data we need to generate our offer. If you're a fit for the criteria I just mentioned we can turn around a price in 24 hours, and you can accept that price in 24 hours, too.”
Kosarek: OpenStore has completed due diligence in under two weeks
“We've had diligence process you know, processes that take under two weeks in total.”
Kosarek: OpenStore especially values returning customer rates, AOV trends, and ROAS
“What we value especially are, you know, returning customer rates average order value trends, and marketing return on ad spend.”
Abraham: OpenStore will spawn a 'Miami mafia' network of tech talent
“I think it's going to create this almost Miami mafia, so to speak, around here of amazing people.”
Puri: OpenStore has a very good shot of reaching a $1B valuation
“With this guy's track record, Square, Opendoor with Jack Abraham's track record, there's a very good shot that this ends up being, being worth more, more than a billion dollars.”