marketplace

“Marketplaces, there is no physical constraint on growth. Marketplaces can just go to the moon because, again, there is, there's no limiter on the, ah, company's ability to scale other than keep the servers going.”

“Marketplaces, which we define as many to many, tend towards, ah, a single winner, and those moats enable margins.”

“And so in other words, we're looking for categories where there's a lot of demand that is being unfulfilled today. And so that leads us to what we think is next, which is regulated services and marketplaces that address regulated services.”

“I think the conflict comes once you expand from the niche to the masses. Suddenly you might have new types of products on there that, you know, kind of the core sellers that were there early on say, listen, you know, that doesn't belong to our community or, Yo…”

“Now marketplace is a kind of a loaded term because I actually think that the experience of a user who, you know, whose mom just fell. Is just getting, you know, discharged from the hospital. The last thing they want is to wade into a marketplace and try to fig…”

“I would say that the biggest risk we face is that the network effect that's produced by many of these marketplaces, which creates this incredible dividend for the founders and investors and those companies, isn't shared as widely as it could be. With the worke…”

“As marketplaces have matured, and what our viewpoint on marketplaces is, is that you can have a situation of having extremely fragmented and distributed supply, but still create a layer of marketplace and experience on top of it.”

“We feel it's a very encouraging development. It's actually good for our market, because suddenly building the right and the most efficient marketplace Is far more important than how much capital you have to go and buy a bunch of product and stock it in your wa…”

“Virtually every marketplace we can think of did some, had some hack or hacks that enabled them to solve the impossible chicken and egg problem.”

“So I don't think that all marketplaces have network effects by definition. They have the potential, but different marketplaces are different at different stages of development in their evolution.”

“Platforms or marketplaces don't need to have network, viral growth to have network effects.”

“Video is starting to disrupt marketplaces in a really interesting way, whether it's short video, prerecorded video, live video, they all bring nuances and flavors to marketplaces that ultimately give buyers more conviction in what they're buying and more joy a…”

“GMV in some ways is almost a lagging indicator of all of these other kind of amazing things that marketplaces have built to make themselves ideally a sticky and highly retentive platform.”

“Many of the biggest returns historically have all been marketplaces, and this is because marketplaces generally share two traits that are incredibly valuable and attractive to investors.”

“Like I'd rather you buy a, you know, two dollar kind of tube of toothpaste here than 200 dollars, right? Because it's all about frequency of use because now you're really dependent on it.”

“It should be absolutely core to how the product is set up. So one of the biggest challenges you see in marketplaces is, you know, it's people can, there's seller fraud, there's buyer fraud and there's collusion fraud. And every marketplace needs to think about…”

“One of the big issues that marketplaces have is you can always bring more people through the door with enough dollars. The question is, can you deepen your relationship with them? What is your actual 30 day, 90 day, 180 day retention?”

“And I think that's the thing is each of them, these marketplaces appeal to that specific category, but it's very hard to replicate that in other categories. And so, you know, you could probably go to home goods and, you know, I mean, Poshmark, but could you re…”

“There's some quantum, and I would call it 10%, where if you get 10% of all of the supply, You get 100% of the demand.”