Ghamsari: Blend overexpanded by concurrently pursuing title, insurance, and verification
Nima Ghamsari · How AI Agents Are Creating an Infinitely Scalable Workforce · Joe Lonsdale · Jun 18, 2026 · at 17:54
Blend CEO Nima Ghamsari reflects on the strategic mistakes Blend made during the 2021 tech market peak prior to the mortgage slowdown.
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“I got us into too many pies at once. Instead of saying, this is our bet. This is what we're going to go all in on. And we were, we had bought, we had acquired a title company. We had started a home insurance agency. We had been doing, we'd expanded too many product lines too quickly and income verification company. You know, I was like, there's too many things we were doing instead of the thing that was like, what's the big alpha generator for our customers and for us”
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