Marketplace founders should give up if supply isn't differentiated
Paul Hsiao · 20VC: Why You Have To Raise $100m+ If You Want To Go Big Today, The 5 Fundamentals To Starting and Scaling A Successful Marketplace & Why Female Founders Under-Promise and Over-Deliver with Paul Hsiao, Founding Partner @ Canvas Ventures · Apr 9, 2018 · at 10:53
Paul Hsiao, Founding Partner at Canvas Ventures, advises on how to distinguish productive founder persistence from non-viable marketplace models.
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“I think when you know you should give up is when your supply is not differentiated. When the users can actually find your supply at a lot of different places, you have to question whether what you do is truly making your supply size business better. Is it transformational? Are you making the idle asset more productive, et cetera? Those are important Qualitative measures to look at.”
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