eBay

“What a company like Airbnb, for example, did was it took that trust, which is very hard to build and develop and companies would spend, you know, hundreds of billions of dollars and lots of time on building brands. They basically digitized trust to being this …”

“The hard thing about being a horizontal platform like an eBay is that you're, you have to try to be everything for everyone. You know, and what that forces is this kind of lowest common denominator product.”

“And so GOAT went after that vulnerability first by creating like, you know, a policy that it was always good that they were going to vet all the inventory to make sure it was authentic. And then they also created A product that was focused on this white hot ce…”

“Some of those things, by the way, weirdly, you can resell them for more than the purchase price, because in some cases, the Kelly bag, for example, they won't sell it to you until you've been a fairly reliable customer of theirs for some time, and therefore th…”

“And the third thing Player almost always tends to be someone who says, great, I will help you both find something, trust the counterparty, and underwrite the risk on both transactions. Amazon. And usually, in the marketplace of, like, on the internet, the thir…”