Opendoor.com is the latest Silicon Valley startup to attack the real estate industry.
Essentially, the startup buys and resells homes. My initial reaction was the Opendoor founders were smoking something amazing. Buying homes requires a staggering amount of capital, and a startup speculating in real estate seems like a recipe for bankruptcy, not IPO.
Then this thread on Hacker News prompted me to probe deeper.
The greatest startups appear crazy or dumb on the surface, but are actually sane and smart underneath. I…
