Bill Gurley – who by the way is an investor in Uber – has an interesting piece up on his blog about the thing he loves most about Uber. It is the ability for the network to level load on its own. And here’s what… Read More
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All posts tagged “bill gurley”
How technology might transform health care
Below is an interesting podcast with venture capitalist Bill Gurley talking about how technology might transform and improve health care. Based on their discussion, the US spends about 17-18% of GDP on health care. In most Western European countries and in Canada, it’s about half… Read More
When everyone thinks you’re wrong
https://500px.com/embed.js I was recently talking to my good friend Jeremiah Shamess about the current state of development land sales in Toronto (he does this for a living) and he said something to me that I found really interesting. He said that because the market is so… Read More
How Uber is driving down the cost of transportation
A few days ago, Bill Gurley – who is an investor in Uber – wrote a really fascinating blog post called, Uber’s New BHAG (Big Hairy Audacious Goal): UberPool. Bill doesn’t update his blog very often, but when he does it’s incredible stuff. I’ve touched… Read More
A true marketplace needs natural pull on both the consumer and supplier side of the market.
It turns out that the average rake at Priceline Group is even higher today, as they allow merchants to voluntarily bid up their rake for better placement in the network (you can see this in the table above). This is one of my favorite marketplace business model “tweaks.” You start with a low rake to get broad-based supplier adoption, and you add in a market-driven pricing dynamic that allows those suppliers who want more volume or exposure to pay more on an opt-in basis. This way no one leaves the network due to excessive fees, yet you end up with a higher average rake over time due to the competitive dynamic. And when prices go up due to bidding and competition, the suppliers blame their competition not the platform (part of the genius of the Google AdWords business model). This also allows you to extract more dollars from those suppliers who desire to spend more to promote themselves (without raising the tax on those that don’t).
All Markets Are Not Created Equal: 10 Factors To Consider When Evaluating Digital Marketplaces
Since Benchmarkâs investment in Ebay 15 years ago, we have been fascinated by online marketplaces. Entrepreneurs accurately recognize that the connective tissue of the Internet provides an opportun…
All Markets Are Not Created Equal: 10 Factors To Consider When Evaluating Digital Marketplaces
I saw Bill Gurley say that you can only make money by being right about something that most people think is wrong. His logic was that you can’t make money by being wrong. And you can’t make money by being right about something everyone else knows. So you have to be right about something that most people think is wrong. I really like that framework.
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BRANDON DONNELLY 