Khosla’s Keith Rabois Aiming to Launch His Magic Home-Selling Site in June(recode.net)
recode.net
Khosla’s Keith Rabois Aiming to Launch His Magic Home-Selling Site in June
http://recode.net/2014/05/23/khoslas-keith-rabois-aiming-to-launch-his-magic-home-selling-site-in-june/
1 comments
Rabois potentially has a massive adverse selection problem on his hands here. i.e. the only ones willing to hit his admittedly low-ball bid are those whose houses have been mis-valued by the Homerun model.