A Thiel Fellow just closed his housing startup and now 150 people need to figure out new situations
Think of it as libertarianism in action.
http://www.businessinsider.com/campus-co-living-san-francisco-new-york-closes-2015-6
Campus, a startup that rented out rooms in some 34 houses in the San Francisco Bay Area and New York, is no more meaning its more than 150 residents need to find somewhere else to live before the official closure on August 31st.
The startup, co-founded in 2013 by Tom Currier a Thiel Fellow, given $100,000 by famed venture capitalist Peter Thiel to drop out of Stanford basically acted as a property management company, renting rooms in the houses it managed for a monthly cost of $1,000 to $2,200.
"Despite continued attempts to alter the companys current business model and explore alternative ones, we were unable to make Campus into an economically viable business," writes Currier in the farewell message that replaces the main Campus homepage as of this afternoon....
"We realize this may be shocking news, and how stressful this situation will be for many of you. We will do anything we can to make the moving process smooth," writes Currier in that email.