I think we’re going to see *a lot* more companies shaped like http://www.zeusliving.com , where they are not just Internet-enabled frontends on underlying property management but eat the interesting parts of the underlying stack.
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Original YC, like Ivy Leagues and Mensa, attracted folks that over-valued general intelligence and under-valued domain expertise. Large companies are successful because of domain expertise. It can be pre-existing orbuilt along the way, but it has to be there eventually.
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I wouldn’t diagnose that as the problem; I think a smart software entrepreneur could be in the top 10% of Chicago property managers in, hmm, 18 to 24 months with zero prior real estate experience. (They’d hire it at some point, naturally.)
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Solving problems for people other than ourselves is a great shift for Silicon Valley, even if it comes slowly
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