It would be fascinating to hear the insider perspective. What exactly went wrong at Zillow with their approach? What were they not able to solve that OpenDoor could?
This assumes that OD isn't a house of cards.
@WisNorCan
From 6/11/2017, 3:53:02 PM till now, @WisNorCan has achieved 3517 Karma Points with the contribution count of 206.
Recent @WisNorCan Activity
Andy Jassy overruled recommendation a senior exec be fired for discrimination
4 points • 0 comments
You may have reversed the causality. Apple's brand comes from delivering great products.
iPhone, Mac, Watch, AirPods, etc. all have incredible customer satisfaction metrics.
Sure and that happens. Journalists will cherry pick data to tell the story they want. But there is a difference.
If the data is out there someone can dispute the journalists characterization. If Facebook controls all the data and presents the story, there is no way to verify their characterization.
"These executives argued that Facebook should selectively disclose its own data in the form of carefully curated reports, rather than handing outsiders the tools to discover it themselves. Team Selective Disclosure won, and CrowdTangle and its supporters lost."
Anyone who has worked with data knows that you can torture the data show anything you want. Disappointing given all the talk from Zuck and team about taking disinformation seriously.
Bezos’ Exit Is One of Many Among Amazon’s Top Ranks
2 points • 0 comments
At least 486 dead in British Columbia amid historic heat wave
57 points • 22 comments
It is a simple bargain. US representatives are dependent on fundraising and endorsements for re-election which lobbyists are happy to offer in exchange for help with their agenda.
Intuit is consistently one of the least ethical actors in tech. They have a monopoly position in many of their products and take advantage of some of the poorest people through misinformation and lobbying.
Facebook & Uber have received most of the heat over the past few years. Intuit has strangely avoided the same level of scrutiny.
This is one of the oft-repeated pieces of advice on HN that happens to be completely wrong.
Let me know if you are willing to sell any options that you have at $0 from YC-backed companies. I’d be happy to buy as much as you have :)
It is true that there is risk, but there is also more upside if things go well. Make some educated guesses on outcomes and adjust by probability. The important thing is to revise your model periodically as you have materially new information.
Of course, this is just the economic consideration. There are many more important considerations.
Anybody from Amazon know the backstory about why they really changed the approach?
This doesn’t really mean anything “thinking is predicated on what we believe will be most beneficial for customers, while also trying to give employees more flexibility in their work environment and lives.”
Hopefully, the negative effects of extreme sound pollution on humans and animals will be considered in the trade-offs to save a few hours of flying time for the wealthy.
Uber test vehicles involved in 37 crashes before fatal self-driving incident
4 points • 0 comments
Looks like Uber has two types of businesses. a) Ones that are slowing down, e.g. Rides with growth rate of ~20% and b) Ones that are growing faster by unsustainable economics, e.g. Freight -40% EBITDA. For Uber ever to thrive, they need a business that is growing fast with good economics. It doesn't look they have one anywhere on the horizon.
Exxon Former CEO Says Climate Change ‘With Us Forever More’
2 points • 0 comments
Van Cleave: Do you feel that Uber acted responsibly?
Anderson: Absolutely not.
Van Cleave: Have you seen a company ask for an NDA from people who've ripped them off before?
Anderson: I can't think of another case that our office has handled that has that dimension to it. This case is extraordinary in that regard.
Uber allegedly paid $100k ransom and had hackers sign NDAs after breach
44 points • 3 comments
GrubHub shares crater more than 40% after a terrible earnings report
2 points • 0 comments
SoftBank Next 30-Year Vision [pdf]
3 points • 0 comments
The 409a valuation isn’t typically the same as the investor price early on. This accounts for lack of liquidity and preference.
However, as those differences start disappearing, e.g. when WeWork and Uber were about to IPO, the 409a converges with the investor price.
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