JD Ross

JD Ross

28,782 Twitter followers

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I take the side of people who build. co-founder @Opendoor, @join_royal and now With Coverage

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We sell outcomes, not software. Our engineering team's north star is "revenue per risk advisor, with superhuman results" If you want to apply agents to enterprise DM me

Sequoia (@sequoia) Partner @JulienBek tells us why the next $1Trillion company will be a software company masquerading as a services firm: "Ultimately, if you look at the TAM today, for every dollar that you spend on software, $6 are spent on services". "If you sell the tools, x.com/JulienBek/stat…

This offer from Opendoor is better than the rates that really rich people can get from their bankers right now

We’ve rate locked 4.99% mortgage on Opendoor homes for buyers. The product is in beta still. We have a lot to learn. Going well. Very early days.

China using US Regulation & fake environmental concerns as an asymmetric warfare tactic, truly incredible to see twitter.com/justindross/status...

Waymo at $110B is now valued 2x Ford and 2/3 of Uber’s market cap But only 1/12 of Tesla

My last company, Opendoor ($7B), replaced real estate brokers. Today, my new company WithCoverage raised $42M to replace insurance brokers. It was led by Sequoia & Khosla, the first time @RoelofBotha and @Rabois partnered since PayPal.

Josh started a VC fund in his 20s (weird) from NYC (weird) with friends (weird) and overtook almost all of the legacy Bay Area capitalists from thousands of miles away

sometimes i pause and reflect on how amazing it is that most startups are trying to do something everyone who came before them either thought was impossible or failed at

Laughed seeing NYTimes say Alexandr Wang "isn't an Engineer" When we hired him as a 17 year old software engineer, he had ranked as the 10th best competitive programmer in the US at IOI

Founders and Employees own less than 30% of Figma Not unusual, but given how capital efficient they’ve become you have to wonder if this was the only path. Enormous success either way, and still early for Figma!

Figma will IPO tomorrow raising $1.2B at a $19B valuation VCs with the largest ownership %: Index - 16.8% Greylock - 15.7% Kleiner Perkins - 14.0% Sequoia - 8.7%

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