Two Sided Marketplace

“What I mean is, you are decreasing your chance of success By bootstrapping, B to C, a two-sided marketplace, et cetera.”

“Number one is don't bootstrap a two-sided marketplace unless you already have one side.”

“Don't bootstrap the two-sided marketplace unless you already have one side.”

“Stop doing B to C. Stop doing two-sided marketplaces and stop staying in your comfort zone when it comes to marketing and sales. Your customers don't care. Your customers don't care what you're comfortable with. They care how with how they buy and how they wan…”

“Don't bootstrap a two-sided marketplace. Unless you already have one of the sides. That's, this is Rob's rule of two-sided marketplaces, we'll call it.”

“I always say like two sided marketplaces. Here's my advice. Don't. That's because you're kind of, it's like starting two SaaS apps at once. It's just, you're fighting things on two fronts.”

“Bootstrappers don't make that work. The only time they make it work is when they have one side of the marketplace already, right? They have an audience, like the tropical MBA guys did when they started Dynamite Jobs.”

“It comes back to my rule. Don't bootstrap a two-sided marketplace. That's exactly what this is, unless you have access to one of the sides.”

“I have a tough time imagining you are going to build a sustainable two-sided marketplace if you have to fill one side perpetually with ads. Now ads can be a good way to get started, but it's not scalable. And I think in the longterm, if you want to build a fly…”

“You know, I think it's pretty hard to do that on, you know, on, on two-sided marketplaces, just because of channel conflict.”

“One of the hypotheses we had was if talent join our community and our marketplace, they're not going to expect to get a job the day they sign up. But if a company joins and posts a job, they are going to want to get applications. And if they don't, they may no…”

“Don't bootstrap two-sided marketplaces unless you already have one of the sides, right?”

“Businesses with network effects are generally winner-take-all markets, which means that finishing second as a two-sided marketplace is generally a recipe for failure.”

“The value of the network is then given programmatically to whoever helped us build it, right? Like not some employer, not some, you know, stooge VC, you know, sitting back collecting all the value, right? It's the most fair way to build a two-sided marketplace…”

“I mean, it's a two-sided marketplace. Nothing's gonna, the chances of success are 10%. I've done this long, long, long enough to know, but if we hit 10%.”

“I think it is true that there will always be frustration on some side of your marketplace.”

“And I actually think that it's ensuring that you've got the right leadership internally, understanding what are the core priorities of each side of your marketplace, and then fighting those battles internally so that you have the requisite balance, I think is …”

“It's not a two-sided marketplace to us that just dilutes the shit out of the landscape. What do you mean by that? Well, some of our competitors where anyone in the world can put up a course. Then you don't have, there's no sort of authenticity or authority. Yo…”

“The cheap products and services are being taken over by e-commerce, by two-sided marketplaces. And where we focus is is, is basically deals that have a substantial value. Deals that require some kind of paperwork.”

“When that wheel starts turning, it starts to become something that's very hard to compete with because if you're a seller, you have to be there because the buyers are there. If you're a buyer, you want to go where all the sellers are.”