The evolution of the online marketplace: six big changes since Ebay
It has been twenty years since Ebay arrived on the scene and showed what happens when you bring people together over the Internet to do commerce. Since then, there has been tremendous innovation within online marketplaces. Startups have honed in on every vertical imaginable, branched out from product to services, and tested out new paths […]
Nine common things that start-up founders tend to underestimate or overestimate
When you’re in the midst of building a company, it’s hard to fully assess the significance of various activities and decisions- particularly for first-time entrepreneurs who don’t yet have the wisdom learned from prior mistakes. As an investor (who was also once a first-time entrepreneur), I have noticed several key areas where founders either overestimate […]
How to seed your marketplace
The earliest days in a marketplace are a tricky time. As I’ve discussed before, there’s a chicken and egg problem when it comes to supply and demand: customers need supply, and suppliers need customers. But it’s nearly impossible to ramp up supply and demand in lock step. We’ve found that in most cases it’s best […]
Why you need to innovate on three horizons
How does your startup think about innovation? Is it a new feature that gets incorporated into the next release? Is it a new market breakthrough that’s years away? I recently held a mini Tweetstorm where I opened the conversation to innovation across three horizons: short-term, mid-term, and long-term. Here’s more dissection on the topic beyond […]
What’s the problem with too much funding?
With the influx of seed money, much has been written about the fact that start-ups that are taking far more funding than they need. For example, check out Fred Wilson’s post where he compares funding a start-up to walking up a flight of stairs. When building a company, it’s smarter to hit each step on […]