#1250 Keith Rabois on How To Build A Billion Dollar Company

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 28 September 2023

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Keith Rabois is a general partner at Founders Fund, co-founder of OpenDoor, current CEO of OpenStore, part of the PayPal Mafia, worked at Square, and had many other important roles throughout Silicon Valley. This conversation was recored at the BUILD Summit in New York. Topics include common traits of the best founders, operating in uncertain chaotic environments, balancing transparency, fundraising, & more.

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Pomp writes a daily letter to over 250,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Many of you know me as Pomp. You're listening to the Pomp
0:07.7	podcast, which is my effort to find the most interesting people in the world and sit with them for hours while I ask questions in an effort to learn. So it would mean the world to me if you would subscribe to the show on your favorite audio platform, watch episodes on YouTube,
0:21.1	and tell your friends and family about the podcast. My goal is to help millions learn from the
0:26.5	world's most interesting people. So let's get in to today's episode.
0:30.7	Keith R Boy is a general partner at Founders Fund. He's a co-founder of Open Door, and he's the
0:36.1	current CEO of Open Store.
0:38.4	He also was part of the PayPal Mafia, worked at Square, and had many other important roles
0:42.9	throughout Silicon Valley.
0:44.2	The following conversation came from the Build Summit, where 700 founders came together to
0:49.2	listen to folks like Keith about how to operate a startup.
0:52.9	Keith goes into excruciating detail about what he looks for
0:55.7	and founders, what some of the best traits are in the best companies that he's invested in,
1:00.4	and how Keith thinks about operating in an uncertain chaotic environment, which requires
1:05.3	immense focus and a little bit of luck. Here is my conversation with Keith Roboy.
1:12.1	Anthony Pompliano runs Pomp Investments.
1:14.5	All views of him and the guests on his podcast are surely their opinions and do not reflect the opinions of Pomp Investment.
1:21.3	You should not treat any opinion expressed by Pomp or his guest as a specific inducement to make a particular investment or follow a
1:28.4	particular strategy, but only as an expression of his personal opinion. This podcast is for informational
1:33.9	purposes only. Today's episode is brought to you by Trust and Will. I've gone through a number of
1:40.1	different changes in my life over the last few years. I got married, I had a kid, and I had to
1:44.5	start thinking about how could I ensure that my wife and my child would be okay if anything ever
1:48.8	happened to me? That's where trust, wills, and estate planning come into play. Now, most people,
	...

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