Markus Villig: Mobility marketplaces need 25% market share for network effects
Markus Villig · Markus Villig, Founder @Bolt: The Most Insane Story in Startups & The Future of Self-Driving| E1225 · 20VC with Harry Stebbings · Nov 13, 2024 · at 22:28
Markus Villig, founder and CEO of Bolt, explains the market share threshold required for ride-hailing marketplaces to reach critical mass.
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“So generally for most these type of work and urban on demand mobility marketplaces the ratio is about 25% market share. So that's a very high bar. So you Really need to subsidize hard oftentimes for a couple of years before you get to that threshold. And that's when the network effects kick in.”
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