flâneur

Firehose #187: 🌊 A new marketplace wave. 🌊 - Drinking from the Firehose

firehose.vc · 1,261 words · saved by 1 readers

Wholesale marketplaces are coming. Here are 3 strategies to help them succeed.

Consumer marketplaces in the US have exploded in value over the last 5 years. Of the publicly traded, independent US marketplaces that exist today, only 6 were public companies in April 2016 — EBAY ($30B), GRUB ($1.8B), GRPN ($1.8B), ETSY ($715M), CHGG ($321M) and OSTK ($234M). These companies were worth a combined $34B, 88% of which was EBAY — a company that was already 20 years old back then. Since then, the public markets have embraced 16 new consumer marketplaces ranging from travel (ABNB*), logistics (DASH, UBER, LYFT), apparel (POSH, REAL, TDUP*, FTCH), real estate (OPEN), e-commerce…

related reading