Classifying marketplaces in a 2×2 matrix
In a recent Invest Like The Best podcast, the guest, who goes by the pseudonym Modest Proposal, described a 2×2 matrix for segmenting marketplace types. It’s a simple, yet very effective way to think about the differences in online marketplaces, from the original product marketplaces like eBay to the emerging services marketplaces. One axis represents […]
Why we look for mission-driven founders
We updated our investment thesis a few months ago…we invest in mission-driven founders at the earliest stages. Since that time, we’ve been asked how we define a mission-driven founder. It’s not just some vague buzzword to us, so we thought it would be helpful to provide more context on our definition of mission-driven and why it’s […]
Announcing our investment in Jam
Today, we are excited to announce our investment in Jam, a tool that brings Google Docs style collaboration to a live product/website. With Jam, you can comment on, or soon even suggest a change to your live product, from within the product itself, turning your live product into an all-encompassing workbench. Jam’s mission has inspired […]
Don’t Sleep on Lightning
While Ethereum based DeFi has stolen the show for most of 2020 – and rightly so, the amount of innovation and experimentation happening there is insane! – there have also been some major breakthroughs on Bitcoin’s native layer 2 scaling solution, the Lightning Network. I believe that this progress, while less flashy, will ultimately prove […]
A Guide to Marketplaces: Third Edition
We’re thrilled to announce the third edition of “A Guide to Marketplaces.” We published our first edition five years ago and the second nearly three years ago. So much has changed since then – from the rise of B2B marketplaces to new crypto-native platforms. Even as we explore emerging sectors like climate and crypto, we […]