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Product-oriented marketplaces (e.g. EBAY, TDUP*, Faire*) primarily match supply and demand in goods and then enable the payment for and fulfillment of those goods. The way these marketplaces achieve leverage is by driving the cost of the transaction down.

Alex Taussig • Firehose #194: ⚖️ Operating leverage. ⚖️

Since we’re seed investors, we’re looking for markets where significant dollars are flowing between businesses. These are often older, more established buying patterns where the innovation is launching the marketplace itself.

Sacra • Ameet Shah, partner at Golden Ventures, on the economics of vertical SaaS marketplaces

42: Jason Fried - Finding yourself in business

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Bezos-style invariants

Balaji Srinivasan • The Network State: How To Start a New Country

seemed like Amazon was reinventing the wheel with each integration effort, and this duplication of effort was an expensive and time-consuming waste. So, CEO Jeff Bezos assigned Rick Dalzell the task of “hardening the interfaces” between systems—making sure, in other words, that all the main databases and applications had the same set of ways that t

Andrew McAfee, Erik Brynjolfsson • Machine, Platform, Crowd: Harnessing Our Digital Future

How can we suggest the right restaurant/menu to satisfy their cravings among the 41 million menus that we have? How can we keep things efficient, minimizing the number of clicks that stand between a user and their dinner. How can we simplify things so they can order their food while multitasking - staying on top of the other things that life throws

Payments make the whole cycle more powerful while also generating revenue for the company. By integrating with Paystack, they avoid building a payments company for each market they go into and avoid the regulation (and hefty central banking deposits that come with it) to register as a PSP.

Packy McCormick • OZE: Not Boring Investment Memo

One of the first products we launched to help more companies get started was +After years of tireless iteration and improvement by the team, Atlas is now used for around one in ten new C Corporations in Delaware, a milestone that we’re quite proud of.

John Collison • 202 Annual Letter to Stripe Users

Tobi Lütke - Building Islands of Innovation - [Invest Like the Best, EP.393] — Invest Like the Best with Patrick O'Shaughnessy

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