A who's who of tech bigwigs have rallied behind Opendoor, the "big-data house-flipping" startup founded by former PayPal and Square exec Keith Rabois, chipping in $9.95 million in what TechCrunch has dubbed "an insane party" investment round. The funding bonanza was led by the venture capital firm Khosla Ventures, where Rabois is a partner. But more than 20 other tech heavyweights also are reportedly getting in on the action. They include Paypal co-founder Max Levchin, former YouTube and Facebook CFO Gideon Yu and former Twitter Vice President Elad Gil, according to TechCrunch. Opendoor, slated for launch sometime this month, says it's out to bring more liquidity to housing markets by making instant offers on homes, closing in three days, and then flipping them. The company will lau...
May 30, 2014 by Teke Wiggin
May 29, 2014 by Inman