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Re:Opendoor, a startup worth emulating by WhitneyLand on Monday December 12, 2016 @11:58PM (#13164565)
>>investors aren't generally in the business of losing money...we're far beyond "bet on the team" kind of diligence

Sure, in principle large investments should mean good DD. But Magic Leap fans were pretty surprised this week. Theranos also raised more than Opendoor.

It's not fair to put other company's problems on Opendoor, but the point it's hard to accept the large cap/DD argument with so many counter examples.

In any case, it would be great to see you succeed - good luck.

Re:Opendoor, a startup worth emulating by jdross on Tuesday December 13, 2016 @12:07AM (#13164619)
That's fair and those are embarrassing tales in Silicon Valley. One difference is they were/are bets on a technology that wasn't in the market yet.

We buy and sell thousands o homes, hopefully at the appropriate price for the market's current level of risk. Hard, deeply appreciated by customers, but not much handwaving on how it will go to market.