Keith Rabois creating new startup to buy ecommerce businesses
March 18, 2021
Founders Fund general partner Keith Rabois is launching OpenStore, a stealth-mode Miami-based company that will purchase and consolidate small ecommerce businesses, Axios reported. OpenStore is being founded in partnership with Jack Abraham, founder and managing partner of venture studio Atomic, the report said. The effort is an example of a larger trend of ecommerce consolidation by companies like Amazon.