Keith recounted the story here, a bit, but Peter didn't comment: www.forbes.com/sites/amyfeldman/2016/11/30/home-shopping-networkers-opendoor-is-upending-the-way-americans-buy-and-sell-homes/#6d08e3f5cff1
"A member of the so-called PayPal mafia, the founders and early senior execs at the payment platform who went on to start many other companies, Rabois, 47, came up with the idea for Opendoor back in 2003 while doing a stint at Peter Thiel's investment firm, Clarium Capital. Rabois recalls a time when he and a colleague presented an idea similar to Zillow, the online real-estate database, that Rabois says Thiel found so boring he kicked them out of the conference room. (Thiel did not respond to requests for comment.) Rabois then started thinking about how car owners can sell their used autos to dealers based on their Kelley Blue Book valuation and how he might create similar liquidity for homeowners."
"A member of the so-called PayPal mafia, the founders and early senior execs at the payment platform who went on to start many other companies, Rabois, 47, came up with the idea for Opendoor back in 2003 while doing a stint at Peter Thiel's investment firm, Clarium Capital. Rabois recalls a time when he and a colleague presented an idea similar to Zillow, the online real-estate database, that Rabois says Thiel found so boring he kicked them out of the conference room. (Thiel did not respond to requests for comment.) Rabois then started thinking about how car owners can sell their used autos to dealers based on their Kelley Blue Book valuation and how he might create similar liquidity for homeowners."