Li Jin: Uber and Lyft required unlicensed drivers to reach scale
Li Jin · What's Next for Marketplace Startups · Dec 21, 2018 · at 27:22
Li Jin, investor at Andreessen Horowitz, explains how overcoming licensing constraints was essential to scaling ride-sharing marketplaces.
0:00 / 0:11exact quote · 11.8s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“And without that kind of unlock, without expanding it to the unlicensed pool of potential drivers there's no way that Uber or Lyft could be anywhere near the size they are today.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Li Jin
Li Jin: Mental health startup Basis uses unlicensed community coaches as therapists
“So one startup based in San Francisco is called Basis, and they're using unlicensed but trained people in the community to basically serve as therapists.”
Jin: ISAs force education providers to shorten programs and focus on employability
“And the result of that business model is that The programs themselves then are changing to sort of drive that positive outcome for everyone. So the programs are getting shorter because they're incentivized to get that payback sooner. They're incentivized to ac…”
Jin: Top business schools like Harvard and Stanford face declining MBA applications
“The number of applications is shrinking across the board, and the institutions that historically were thought of as immune to this, so Harvard Stanford, GSB, Wharton, the top, top business schools, They're now experiencing this, too, where they're seeing year …”
Jin: Academic accreditation will erode as a quality signal for employers
“But I think with the internet and now with all of these programs and like the availability of reviews and the availability of like various assessments and other measurements of a student's competency and mastery of a subject, I think the era of accreditation i…”
Li Jin: Top marketplace companies face constrained supply rather than demand
“One of our observations about the best marketplace investments and the best marketplace companies are that they tend to be marketplaces that have more constrained supply than demand. So the biggest marketplace outcomes that we've seen, or the biggest marketpla…”
Li Jin: Regulated services are the next major marketplace category
“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.”