Marco Zappacosta, co-founder and CEO of Thumbtack, refutes former TaskRabbit executive Aliyah Busky's premise that two-sided marketplaces must inherently sacrifice satisfaction on one side.
0:00 / 0:07exact quote · 7.7s
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“I think that's bogus. I think that's definitely not true of Amazon. It's definitely not true of Airbnb, and it shouldn't be true of a service marketplace either.”
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More from Marco Zappacosta
Opinion
Zappacosta: Forming a founding team before finding an idea is valid
“So we kind of did what you're not supposed to do, which is decide to start a business and then go hunt for an idea. However, I think that actually gets a very bad rap here in the
And it's a very tried and true method. You know, Amazon did that. Microsoft did t…”
Marco ZappacostaApr 20, 2018▶ 3:2220VC: Thumbtack's Marco Zappacosta on The 3 Core Elements To All Board Meetings, Raising $250m from Sequoia and Why You Have To Win Supply Side Acquisition First For Marketplace Success
Insight
Zappacosta: Board meeting preparation offers more value than the actual discussion
“And just providing that insight, which I think is honestly most valuable in preparing rather than necessarily the discussion that it fosters.”
Marco ZappacostaApr 20, 2018▶ 6:3720VC: Thumbtack's Marco Zappacosta on The 3 Core Elements To All Board Meetings, Raising $250m from Sequoia and Why You Have To Win Supply Side Acquisition First For Marketplace Success
Insight
Zappacosta: Judging board decisions as right or wrong is a false framework
“I think starting from the premise of right and wrong is a false framework, because the truth is you don't know, and you will not know whether you're right or wrong for years, and so it's much more about the process around the decision-making, how well you can …”
Marco ZappacostaApr 20, 2018▶ 8:1920VC: Thumbtack's Marco Zappacosta on The 3 Core Elements To All Board Meetings, Raising $250m from Sequoia and Why You Have To Win Supply Side Acquisition First For Marketplace Success
Insight
Zappacosta: Subscription business models do not work for marketplaces
“No one expected or wanted us to have a subscription based business, which is great in a lot of context, but not in a marketplace.”
Marco ZappacostaApr 20, 2018▶ 13:5720VC: Thumbtack's Marco Zappacosta on The 3 Core Elements To All Board Meetings, Raising $250m from Sequoia and Why You Have To Win Supply Side Acquisition First For Marketplace Success
Opinion
Zappacosta: TaskRabbit's commodification of labor drove low supply-side NPS
“I think TaskRabbit's challenge is that it commodified the labor side of the platform, and therefore its main offer to the customer was speed and low prices. And in that sense, Yeah, it's going to have a low MPS on the supply side.”
Marco ZappacostaApr 20, 2018▶ 20:3320VC: Thumbtack's Marco Zappacosta on The 3 Core Elements To All Board Meetings, Raising $250m from Sequoia and Why You Have To Win Supply Side Acquisition First For Marketplace Success
AssertionNot checkable as stated
Zappacosta: Thumbtack service professionals earn an average of $72 per hour
“Our pros are earning 72 dollars an hour and are able to differentiate themselves on more than just price.”
Marco ZappacostaApr 20, 2018▶ 20:4720VC: Thumbtack's Marco Zappacosta on The 3 Core Elements To All Board Meetings, Raising $250m from Sequoia and Why You Have To Win Supply Side Acquisition First For Marketplace Success
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