Craigslist

“It went down by something like two-thirds in the last 15 years. The revenue from classifieds collapsed by two-thirds.”

“And Craigslist, which was one of the largest and fastest growing internet properties in the world, particularly in the US, Has now stopped growing, and it's basically, you know, essentially being hollowed out.”

“They're somewhere between social activists and communists and they have not run their business in a value-maximizing way.”

“Along have come many, many startups, and what the startups have done is, one by one, they've picked off a particular category. They've taken this broad horizontal marketplace, kind of like Craigslist, and category by category, they've attacked these different …”

“If Craigslist was in China, they long ago would have added a number of other transactions, either built by themselves or through partnerships.”

“And basically every single category now has its own specialized marketplace that tackles just that particular category.”

“So I think credulous indirectly is spawning tens of hundreds of billions of dollars of market cap.”

“Gobble just started very organically by me solving the problem for myself and posting a Craigslist ad and asking, hey, can anyone make me home cooked food for eight dollars a plate?”

“We're seeing a lot of companies doing this, they peruse Craigslist, they look for a job listing, and they're like, hey, Plazalane Optometry, I want to apply for the job. And, you know, the optometry's like, Okay, that sounds great. Tell me about your qualifica…”