Kaz Nejatian

speaker

618 appearances 1 recordings 1 series first heard Jul 2026 last heard 21 Jul

Kaz Nejatian’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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The Knowledge Project · Inside Kaz Nejatian’s Fight to Save Opendoor · 21 Jul 2026 podcast

So I got every expense the company paid.

had paid for the last 12 months.

And usually for tech companies, like your largest expense to an external vendor ends up being like your cloud provider.

But for Opendoor, number one was millions of dollars written to very large consulting firm.

This company had come in and had told Opendoor to basically offshore every job.

to massively overload the company with GNA and basically cut engineering, which is literally what you do if you have zero desire to create alpha.

And that basically happened to Opendoor.

And by the way, I think that actually happens to a lot of companies.

Where the founders are no longer there, there's no large shareholder that cares a lot about the company.

So over time, many of these companies essentially become hosts for professional leeches whose job it is to suck the company dry while making management look good.

So Opendoor had gone fully remote.

So at 9am that Monday, I told the entire company, hey, Opendoor is going to be back in the office next Monday.

If you don't plan to be in one of these offices, we appreciate your help.

but you're no longer with us.

Then the second thing that happened was that Opendoor had become a place where you succeeded by creating process, not outcomes.

So a bunch of people chose not to be part of the company because we became so outcome-oriented, because we demanded ownership.

But the third thing that was impressive is, and this is actually the best good surprise of Opendoor, every once in a while I find someone who I thought was exceptional.

And I would honestly ask them in that first couple of weeks, why are you still here?

And it was a series of these people that had kept the company alive on their shoulders.

And we've now rebuilt the company around these ICs.

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