Does anyone here own a (technology) marketplace business model (Eg. Uber, AirBNB, Postmates, GrubHub, etc)?
Personally, I own an on-demand delivery technology start up that is effectively a Triple-Sided Marketplace (think: Postmates).
Even if you don't own a marketplace model, feel free to throw in your thoughts to these thought-provoking questions:
- What will it take for you to hit critical mass in your marketplace? (when supply and demand are working together harmoniously)
- What have been your biggest challenges?
- How do you nurture each side of your marketplace?
Marketplace models are the toughest, yet most rewarding business models to build. Not to mention the most exciting.
Personally, I own an on-demand delivery technology start up that is effectively a Triple-Sided Marketplace (think: Postmates).
Even if you don't own a marketplace model, feel free to throw in your thoughts to these thought-provoking questions:
- What will it take for you to hit critical mass in your marketplace? (when supply and demand are working together harmoniously)
- What have been your biggest challenges?
- How do you nurture each side of your marketplace?
Marketplace models are the toughest, yet most rewarding business models to build. Not to mention the most exciting.
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