Re:Opendoor, a startup worth emulating
by jdross on Tuesday December 13, 2016 @12:27PM
(#13168580)
1) We're building a business, so we do what's best for the company and customers and don't pay much attention to vanity-based things like winning our home market. SF is a hard market for this business, so we simple don't operate here :) We also haven't had much trouble hiring incredible people -- relevant to HN I think we're up to 8 former YC founders
2) We generally buy from $125K to $500K, so we do hit a lot of that low end. Below that, fixed transaction costs are quite high as a % of home value.
Thanks! We all really appreciate the support, the team's working really hard to redefine a space that hasn't seen enough innovation in the past half century.
2) We generally buy from $125K to $500K, so we do hit a lot of that low end. Below that, fixed transaction costs are quite high as a % of home value.
Thanks! We all really appreciate the support, the team's working really hard to redefine a space that hasn't seen enough innovation in the past half century.