Great topic to cover! I had been part of 2 sided platform companies like Expedia for a decade. One thing I would like to bring to table to discuss is differentiating platform businesses from marketplaces, forums. Thoughts?
It may become tricky here if you try to read too much into words. I'd say that all of these are categorically similar because they're about making connections. Maybe you could find some nuances where there are differences, but that would depend on very specific definitions of these terms.
Marketplaces - connections based on monetary transactions Forums - connections based on conversation Both can and are termed as platforms. Think of a platform as a highway with exit and entry points. The common activity on such a highway is commuting from point A to point B.
Nice
Wow
Well explained Erik and worthy following.
Great explanation. Thank you.
Thanks! I was thinking about a platform business. But was a bit skeptical because I might skale
to fast.
Thanks so much for this vid Erik please keep the good work 👐
Great topic to cover! I had been part of 2 sided platform companies like Expedia for a decade. One thing I would like to bring to table to discuss is differentiating platform businesses from marketplaces, forums. Thoughts?
It may become tricky here if you try to read too much into words. I'd say that all of these are categorically similar because they're about making connections. Maybe you could find some nuances where there are differences, but that would depend on very specific definitions of these terms.
Marketplaces - connections based on monetary transactions
Forums - connections based on conversation
Both can and are termed as platforms. Think of a platform as a highway with exit and entry points. The common activity on such a highway is commuting from point A to point B.
How?