3 ms·
Companies with marginal business models are going to get slaughtered in the next year. Carvana, Opendoor are probably the most well known of these companies.
by woeirua 7y ago
Companies with marginal business models are going to get slaughtered in the next year. Carvana, Opendoor are probably the most well known of these companies.
Opendoor's business model was super questionable from the get-go: who's going to sell you their home for less than market value? How can you then do something to turn that around and profit without basically turning the company into a giant high-risk flipping enterprise?
- sremani 7y agohttps://stratechery.com/2016/opendoor-a-startup-worth-emulating/ https://stratechery.com/2016/opendoor-a-startup-worth-emulat... This is an amazing read, and I still think it is a worthy model, during stable times.
- dlp211 7y ago> As interest rates rise or housing prices fall Well that aged like milk.