Kaz (Kaz Nejatian)
CEO, Opendoor. On 1 show, 1 appearance. The Shows tab opens the full record on each.
executivefounderoperator@CanadaKaz ↗nejatian.com ↗
Nejatian is the CEO of Opendoor, focusing on company turnaround, product execution, and AI integration for residential real estate. He previously served as Chief Operating Officer and VP of Product at Shopify and co-founded payment startup Kash.
1shows
1appearances
20statements
6resolved
2supported
1contradicted
33%fully supported
Everything Kaz (Kaz Nejatian) said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Nejatian: Opendoor launches home return policy in Dallas, Texas
“Which, by the way, we launched this yesterday at Opendoor in Dallas, Texas. You buy a home from Opendoor, you don't like it, you can return it. Like, you can move it early, try it out, don't like it, return it.”
Kaz Nejatian: Real estate agents routinely fabricate competing offers
“Your agent has said something along the lines of this. Oh, they just turned down an offer exactly like that. Or, oh, they have another offer coming on Tuesday. They never have another offer coming on Tuesday. They didn't just turn down an offer like that.”
Nejatian: Federal Reserve interest rate hikes were deeply irresponsible
“The place at which interest rate increased were I mean, I think we can say in hindsight, this was, like, deeply irresponsible for the country.”
Nejatian: Opendoor erred by acting as a real estate investor instead of software company
“I think that's actually a problem that, that Opendoor has had is that, like, Externally and for, admittedly, for some time internally, the company thought of itself as essentially an investor in a real, like real estate as an asset class, which is not the job …”
Nejatian: Mispriced asset trading cannot scale into a big business
“You only buy homes that are mispriced, but turns out not that much in the world is mispriced for a very long time. And that just becomes a, I mean, it may become a good business, just won't become a big business.”
Nejatian: Three structural flaws have killed every real estate tech attempt
“So I think like there's been three like structural flaws that have basically killed every attempt to solve this. The first one is like, let me solve a part of it. Let me solve the tiniest, like most profitable part of it first, which I objectively has failed l…”
Nejatian: US will never repeat such rapid interest rate hikes
“But what happened in the US with interest rates had basically never happened before. And I think will literally never happen again because it was so obviously stupid.”
Nejatian: Opendoor will maintain principal risk on home inventory long-term
“I do think for what it's worth that the right model actually is much closer to Amazon than to eBay. Yeah. Because I actually think for, I think Opendoor will have principal risk on quite a lot of this inventory for a very long time.”
Kaz: Home builders like Lennar have solved most real estate friction
“There is one area in real estate where I think, actually, there's far fewer of these problems, which is when you buy a brand new home from a builder. When you buy a brand new home from the Bills, like when you walk into a Lennar community and buy a home from t…”
Kaz Nejatian: Traditional house flipping is not a large business opportunity
“If Opendoor is an old fashioned operational house flipper, like, that's not that, it could be meaningful. It's not that big a business, right?”
Nejatian: Opendoor built home return guarantee in 12 days
“It's like the honest, like from the time someone asked that question to the time we launched the product was maybe, I think, 12 days.”
Kaz Nejatian: Running a Public Company Is Difficult If You Care About Media Coverage
“If you care a great deal about what's said about you in the Wall Street Journal, running a public company is incredibly difficult. It's just very difficult. Luckily, I just don't care.”
Nejatian: Shopify was among Wall Street's most shorted stocks in 2019
“When I first joined Shopify in 2019, I think it was among the highest, most shorted stocks on Wall Street. Because people made a category mistake about Shopify.”
Nejatian: Opendoor avoids Carvana's core physical transport logistics
“Carvana moves every single car they buy. Like, Opendoor does not move homes. Like, homes stay where they are.”
Nejatian: Every homebuyer pays at least one extra mortgage or rent payment
“Everyone, like, everyone pays at least one extra mortgage payment or one extra rent payment, as frequently more.”
Nejatian: Real estate friction stems from subscale operators and agency problems
“There's all these frictions that exist because the system everywhere is subscale. One. Two, because there's so many principal agency problems. Right? The second one. And third, because there's so many of these transactions or one-time transactions.”
Nejatian: Mortgage, insurance, and purchase underwriting are fundamentally the same
“Underwriting a home for mortgage, and underwriting a home for insurance, and underwriting a home for buying it, Like, fundamentally not that different as exercises. They really aren't.”
Kaz Nejatian: Opendoor does too little for home buyers and sellers
“Opendoor does too little for its sellers and does almost nothing for its buyers. Like, that's, like, we'll solve both of those problems.”
Nejatian: Opendoor expanded from 48 markets to every US market
“When I started at Open Door was only available in 48 buckets in the U.S., It is now available in every market in the U.S. Because, like, you can push pixels relatively easily.”
One line per show, most statements first. The link opens Kaz's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 a16zLEDGER | CEO, Opendoor | 1 | 20 | 33% 2/6 | full record on the a16z Podcast → |