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Eric Jackson is as bullish on OpenDoor today as he was when he first bought the stock at $0.73. $OPEN is executing well and it's become a unique way for retail investors to access a fast-growing company that CEO Kaz Nejatian almost took private. Eric Jackson explains.

127,185 Aufrufe • vor 5 Monaten •via X (Twitter)

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A 15-YEAR-OLD HIGH SCHOOL STUDENT FOUND A WAY TO SPOT NEW COMPANIES BEFORE MAJOR INVESTORS DID The interviewer walked into the house as Eric finished a business call and asked the person to call back in 30 minutes. Eric was 15. During lockdown, Eric Zhu joined Discord servers where high school students discussed startups and venture deals. He was the only middle school student in those chats. Eric joined a young company as one of its first employees. He then launched his own startup, sold it, and began building Aviato. Investors searched databases for new companies. A startup usually appeared only after its first funding rounds and visible growth. By then, dozens of other funds had seen it. Eric started hunting for signals that appeared before a company entered a database. The Aviato team gathered early signals about new projects and organized them into a search engine for investors. A fund could discover a company before its name started showing up in every venture database. Eric used the same approach as cofounder of his own fund. His team invested at an early stage and took equity. If a larger company acquired the startup or it went public, the fund made money on its stake. At 15, Eric was the cofounder of a fund with roughly $20 million. He also raised more than $1 million for Aviato. To stay near his customers, Eric moved to San Francisco and rented a house with office space for $8,000 a month. He hated the city. The funds had millions for deals. Eric sold them something scarcer: time before everyone else found the same company.

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