Have you seen what Keith Rebloy is doing as his new startup?

No. So you know who he is?

Yeah. So he's the guy who,

he was like ex PayPal, then he was the COO of Square. He's kind of a known investor at founder's fund. He's a known asshole. Like, people think that he's a total asshole on Twitter. Super hilarious to follow because he's a just absolute jerk to people.

You know, his, like, number one tweet is just, like, wrong, the period. And he won't tell you why. He won't argue back. He's just probably an idiot. And then if you, like, try to argue, he's like, This is why I'm I was more successful at the age of twenty seven than you are at forty. And it just, like, rips people like that. And, like, who does that? That's no nobody does that. So I think that's just, like, really crazy and entertaining to me.

But anyways, he's doing it. So he did open door. And what Open Door is, is now, it's, like, a publicly listed company because it did us back. And Open Door is a multi billion dollar company. And basically, it was, like,

Selling your house is a time consuming and stressful process. What if, like, the day you wanna sell, you could just sell your house. Right away, give you a price. You say yes or no. And, that's what Open Door did. So they basically would just buy your house, and then they had a lot of data to know how much to buy your house for. And then they were the brokers. They could keep the broker fee for themselves. Buying and selling. And then they would sell it within, like, ninety days, hopefully. And they do this in a whole bunch of markets like Arizona and stuff like that. And so they've done very well, you know, kinda like on paper. And, like, Zillow now, like, does the same thing to try to compete with them. They kinda changed the way that the the business model of these big real estate companies worked. Where now, like, the money to be made is in basically like auto buying your auto buying your house and then reselling it for you and using a bunch of technology to do that. Anyways, his new company, he's starting, with with Jake Jack Abraham is, called Open Store.

And so you have Open Door, and now you have Open Store. No. They haven't released a bunch of details, but I think I know what it is, which is it is open door for buying businesses.

So it's the same idea for buying. I think it's gonna be specialize in online businesses, but maybe not.

Where basically you just say, here's my business and then they say, here's your offer. We'll buy it off you.

And, and so I don't know if this is gonna be specialized, like, e commerce roll ups, like, Atrasio.

I don't know if it's gonna be online and offline, like,

Where did you learn about this? And what what can I go? Is there a website yet?

They announced it. So I heard about it a few weeks ago, like, six weeks ago, maybe. And I was like, oh, that's super interesting.

How did you hear about this?

So somebody told me about it because their friend interviewed at the company.

And so that's like the only way you could know about it because, like, when you interview, they, like, kinda tell you the premise of the company. And that guy was like, oh, dude, do you know Keith avoided doing a new thing? It's basically open door for bit mic businesses.

I was like, oh, that's sick. That's a great idea because buying a selling your business is

also just like buy is even more than buying a home in terms time consuming, stressful, uncertain on what price you're gonna get, uncertain what price it even should be.

And, and the marketplaces to do that online, like, buy biz

buy biz cell or whatever that website is, like, dot com. Buy biz cell. They're so, like, old school, you know, like, on how they do that. And so, so I think there's, like, room for improvement there. So I found that to be really interesting. Let me bring this up real quick, which is it's so crazy

how often

internet marketers who often are accused of being sleazy,

and many of them are. I mean, they're they're accused of being that because they are, but

They're often ahead of the game. So, for example, email marketing, email newsletters are all the rage right now.

Scammy guys, like, I don't think this guy's actually scammy, but David Deangelo used to sell dating books in the nineteen nineties by having these long emails, I just stole and copied from him. The other thing is paid memberships. Paid memberships have been a thing for decades.

Now guys like Greg, your friend, our friend, Greg, is doing a page community thing, and Greg's like a cool guy. And so it's, like, it's it's, like, cool to do it.

And there's so many more. And this is another one buying and selling businesses online has been a thing that internet marketers, so, for example, Flippa, where you could buy affiliate websites. That's been a thing for years. Empire flippers is another one. Builders. Yeah. Empire builders. And if you go, empire flippers or empire builders, I think those are actually two apps too. I think they

But if you go to those websites, you're gonna a lot of people are gonna be immediately turned off. You're gonna think that what the fuck is this? And

fucking startup guys like us. We just come in. I guess that's what we are. We just come in and we take this stuff that these guys have been doing for years. Let me just say some lipstick on it. Yeah. One two point o. Make it a flat, beautiful color.

It's so funny because, like, cool. This sounds neat, but this isn't unique. Right.

Yeah. I I think, you know, there's no unique ideas, really. There's, you know, remixes of ideas, old ideas that you make new, there's new platforms, but

But I think it's cool. And I think it could be big. It's one I'm gonna keep my eye on. Then I saw another business like this. So I started to put together a little bit of a pattern here, and I said, oh, What is Open Door for X? So what other parts of life and, and and the world

could use instant liquidity? Because that's what this is. It's basically taking something that was kind of illiquid, like your house, and it takes a lot of time to get liquid where you actually sell the thing and takes a lot of, you know, you gotta, like, You gotta move out. You gotta stage it. You gotta repaint it. You gotta get a broker. You gotta list it. You gotta do tours.

No. Instant liquidity. We buy your house today. Don't do any of that shit.

Same thing with your buying your business.

What else means that? And then I saw another one. And this business is called,

and I grabbed the name, but is basically doing this for used electronics. It's called Backflip. Just got funded, and Backflip is basically saying we'll instantly buy any of your used electronics.

And, because there's Well, that's not a new thing either, and and I think it's awesome. And so it's not that it's new. It's basically that there is a big swing being taken by people who are gonna try to do this at scale using, like, the modern kinda internet marketing bit and models to do it. And so, like, you know, like, we buy gold or whatever. Well, let's just build more gift cards. You know, like, gift cards. Yeah. Exactly. Like, and there's, like, a gift card. There's actually a gift card sort of precious, that that basically took the old model and just doesn't knew,

what's it called? Ray's, I think Ray's done. Yeah. I'm at I'm on their website right now. I'm looking at raise dot com. Holy shit. I can look at the traffic and just tell you these guys are printing money. Yeah. Race is gonna be, like, I don't know, a billion dollar plus win. And nobody even, like, hears about this company. Nobody talks about company, but, you know, super simple business of, like,

you know, gift card, like, gift card business resale

of gift cards essentially.

And so,

So anyways, I'm interested in this open door for x, which is basically instant liquidity for things that were pretty illegal for. Alright. Let's play off that. So houses. Okay. There's equity's end, which I think is bad ass. So equity's end looks you. Equity's in?

Kinda looks more like flippa, then it does like open door. Meaning, like, it's kinda hard to get in. It's kind of obtuse. You gotta, like, sign up to see shit. Not everything is bare. It's, like, a ten step process to do an investment. It's like,

equity is not, like,

it's not Robinhood on my phone where I could just, like, do my thing. And so, like, secondary shares, yeah, it's like a shitty name. Like, I don't know. Like, it's just bad all around. And forge Global is the other one. It's, like, also bad. Don't know. I feel like somebody should do this better. Carta is trying to Carta Xa is trying to do this better,

right now, which is like secondary shares of of private companies. Yeah. I'm not a fan of Carta, but

I could see them doing well, but I'm not a I'm not a fan of carda, so I don't know if I want them to be the best at this.

Angel is also trying to do it. Yeah. There's a bunch trying to do the second trying to do open door trying to do what they're trying to do is a little bit different. They're just still trying to do the marketplace. What open door did was different. It wasn't OpenOR wasn't just another housing marketplace. It was, I will buy the thing off you right now because I know what I can sell it for.

And I'll I'll I'm comfortable with this five percent spread that I will I will keep so. You give up five percent of your upside,

but you get the certainty of it being done now. And, and I'm comfortable in that five percent spread. So somebody would need to do secondary shares where they just go, you wanna sell your your your company stock?

Done.

And then I will figure out how to flip this thing on the other side with my own spread. So there's a few people that have done this with furniture, and furniture's really hard because furniture doesn't ship well. Yep.

But there is if you I don't I don't know if you know. I mean, I buy I like buying used furniture because you can get, like, ten thousand dollar couches for, like, three grand.

And most often times they're really nice. Use furniture is not really a thing on the internet, or at least it's not hugely pop popular, but you could I think there is still an inter interesting way you can do this with used furniture.

Right. So I think training cards is one. So I know a lot of people that have sports cards. They collect it as a kid. It's in their attic somewhere. It's in a box. They kinda heard, oh, cards are worth something, but they don't, like, they don't know what they have. They don't know what it's worth. They don't have them graded. They didn't send them into PSA and pay the money to get them graded. So I think if somebody basically did the shoe box model where you basically say, put it all in a shoebox and mail it to us, and we'll pay you for it. We're we'll do all the work of figuring out what it's worth, and then we'll pay you, you know, seventy cents on the dollar for for what it's worth. And, like, today, you're getting nothing for it. And, like, that that's the and if if you don't like our offer, we'll send it back. And I think that if somebody do that, they could just hoover up all the long tail of, like, trading cards that are out there,

that people are not doing anything with that they want to monetize.

That's interesting. Okay. So,

we've we've we've

furniture is not that good. Trading cards are pretty interesting because it's a lot easier.

Cars. Everyone a lot of people do cars. Carvana does cars, and I think that that is so sick. They're a multibillion dollar public transportation company. They use where they'll instantly buy your car off you?

Yeah. Like, they'll buy it in a matter of minutes, which if you told me this, like, years ago, I'd be like, no. Why? That that can't be done. But they made, five point six billion dollars last year in sales. So it works. Okay. So it's working open over cars. It's working yet. Yeah. Totally works. What else is interesting? What's a huge thing? Like, what's what are some of the bigger assets you possibly have in your life that you wanna wow. Carvana's market cap is forty five billion dollars. Holy shit. Yeah. It's working.

What else is there?

I don't know. There's gonna be some obscure shit. Like, oh, like life insurance policy payouts or some or, like, you know, like, something like that that I'm like, oh, I I don't even know that space, but That makes sense. It takes, you know, it's something that you get or, like, social security. Like, I know, like, my parents are getting to the age where they can collect social security. Like, would they take a lump sum of all their social security now, you know, at at seventy cents or seventy two cents on the dollar? And then, you know, this company just collects the the payments over time, like, probably. I don't know. Like, there's a lot of people who would make that trade. Dude, Did you know this? So there's this, a company. I have to go and look at what it is, but you guys could probably Google it, actually. But I think some banks do it. Like, Goldman will do it. But if you have a winning lottery ticket,

they'll buy it off you. Right. And they'll give you the money upfront, and it's structured in such a way where they're they're still able to make their profit, but they'll buy lottery tickets from you. Like, we're talking, like, ten million dollar lottery tickets or or seven figure

I, it's kind of interesting. People buy winning lottery tickets off of people. That's actually kind of an interesting one. I would actually need to do some research. How many people do how much money is one in the lottery per year.

Oh, dude. I have no idea. I mean, I feel like the weekly lottery, the powerball

every week is, like, you know, between fifty and, like, two hundred million dollars. It's, like, it's, like, that's, that's, like, on a weekly basis that it's, now it doesn't get one every week. That's how it accrues, and that's how it gets bigger. But, like,

you know, I don't know. You do you have the number in front of you? I feel like it's gonna be

I don't know. No. I I

no. I I can't find it. There there's six teen hundred lotteries created each year. So there's at least sixteen hundred unique winners.

No, I don't. I don't have the numbers, but lottery tickets is might actually be kind of interesting because you said the life insurance, I'm like, what do you wait to get paid for that you would take a discounted upfront

payment? Latteries is kind is actually kind of interesting.

And I do know that some banks actually do that. Right. You know who else does that? Is whitey bulger? You remember whitey bulger? I've never even heard that those words in my life. Do you do you know the movie that departed?

Yes. You know Jack Nicholas's character?

Okay. Yes. It's modeled after White Ballger. He was a gangster in,

Boston.

He was an Italian or a Irish mafia guy. He, or, mobster guy. He ended up going to jail recently. They found him and they,

he got beat, the death in jail. So it was, like, a a crazy ending to the story of him. He was he was America's most wanted man for, like, twenty years. And, anyway, he

as part of his story, he won the lottery three times. And the way that he did it is people who had won the lottery that in the neighborhood they would have to go to him, and he would buy it from you, and he would go and cash the ticket.

And, so this is like a famous, like, the numbers game they call it. That is like a famous mafia thing.

I feel like I could rule the I know I could be what I want to.

I put my all in it like the days off on a road less traveled, never looking back.