How to Kickstart and Scale a Marketplace Business - Phase 1: Crack the Chicken-and-Egg Problem
Insights from 17 of today's biggest marketplaces, including Airbnb, DoorDash, Thumbtack, Etsy, Uber and many more
"Everyone's always looking for the hack - what's the channel that will unlock something big? But every time we looked for a reason we weren't growing, it always came back to the basics - selection, delivery quality, pricing. That's it. Always come back to first principles. Whenever we made a mistake, we forgot this."
â€" Micah Moreau (DoorDash, VP of Growth)
Having worked at Airbnb for many years, I'm frequently asked about what Airbnb did right in order to grow into what it is today. While sharing my learnings, I've become increasingly wary of teams relying too heavily on a single company's experience. There are so many factors that go into an eventual success story, and what's effective once may not be again. Thus, I've been yearning to get a wider perspective on what has (and hasn't) worked for other marketplace companies.
British PM Johnson's father applying for French citizenship The father of British Prime Minister Boris Johnson said on Thursday he was in the process of applying for a French passport to maintain his ties with the European Union after Brexit.
The race to make a Covid-19 vaccine in India Companies in India are using diverse technologies to develop a coronavirus vaccine, but even as they race against time, the road to an efficacious solution is neither straight nor short
2020: The year science took centre-stage Apart from new findings on coronavirus every single day, the year was also filled with stories from outer space, archeology and anatomy
10 Digital Fitness Trends To Help You Feel Better In 2021 Fitness experts Krissy Jones and Chloe Kernaghan, Co-Founders of SKY TING, share 10 digital fitness trends worth exploring in 2021 to improve your wellness and work-from-home routines.
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Why employee surveys, like political polls, are misleading
It’s time to stop relying on old ways of gauging how people feel.
When results of the 2020 elections began to come in, a familiar question resurfaced: Why did so many polls get their predictions so wrong? The question has sparked all sorts of analysis, with Stephen Engelberg, editor-in-chief of the nonprofit news agency ProPublica, describing a "big failing."
It isn't just news media and political groups that need to take note of the mismatch between polled behavior and actual behavior. This moment should also serve as a wake-up call to businesses. The systems our society uses to measure how people feel simply aren't, at some level, working. That includes the surveys organizations use to try to gauge the sentiment of their workforces.
2021 could finally be the year of India's tech IPOs as startups like Zomato, Delhivery, Policybazaar head for the public markets India's startups are planning to open the floodgates of IPOs (Initial Public Offerings) in 2021.Multiple Indian startups like Zomato, Delhivery, Policybazaar, Freshworks, Flipkart, Nykaa are reportedly eyeing the public markets in 2021.India's market regulator Securities and Exchange Board of India (SEBI) too is looking to ease norms to facilitate startup IPOs in the country.The blockbuster IPO debuts like that of Mrs Bector, Burger King, Happiest Minds in the Indian stock markets this year has only led to the country's emerging tech startups gear up the confidence to knock the doors on the public markets.2020 is also headed to an end with two hot tech IPOs in the US stock market – Airbnb and DoorDash and the success of those IPOs will surely have an impact on Indian investors and their belief on technology startups. "The Indian IPO market has realised the potential of startups which are disrupting traditional businesses or ways of doing business and garnering large market share in different segments. Recent IPOs by Route Mobile, Happiest Minds, CAMs or Burger King have all been oversubscribed many times and debuted with high multiples," said Anup Jain, Managing Partner, Orios Venture Partners.Multiple Indian startups like Zomato, Delhivery, Policybazaar, Freshworks, Flipkart, Nykaa are reportedly eyeing the public markets in 2021, many others like BYJU'S, Pepperfry haven't yet set a timeline but too are getting ready for a big, fat IPO debut. The Indian government too seems to be welcoming of tech IPOs. India's market regulator Securities and Exchange Board of India (SEBI) has set up an Innovators Growth Platform (IGP) and has recently announced a consultation paper seeking comments for new rules that will encourage startups to head for IPO. Here's a look at the startups reportedly heading for an IPO in 2021"There are certain tailwinds which are pushing startups towards IPO for fundraising and to provide investors with a healthy exit. The new norms announced by SEBI such as easier migration to the main board, decreased holding period, and special rights have made IPO more lucrative," said Ankur Bansal co-founder and director, BlackSoil.Startups preparing for an IPOCurrent ValuationZomato$3.9 billionPolicybazaar$1.5 billionNykaa<$1 billionFlipkart $24.9 billionDelhivery$1.5 billion
Infosys' Saudi JV partner files lawsuit against it in US court Saudi Prerogative Company has alleged that Infosys falsely claimed that it was not making money from certain contracts and requested it to reduce its 8% commission by at least half or waive it off completely, which led to financial losses.
An Indian startup is mapping potholes that Google maps doesn't show The app could update users in real-time on road conditions while driving. It supports voice-guided turn by turn navigation, sends speed breaker alerts and helps find restaurants, toilets and mechanics.
Here Are the Biggest Stories the Media Got Wrong in 2020 BOOM did 40 unique fact checks on misreporting or false reporting by news channels, websites and agencies between January 1 and December 24, 2020. The results reveal misreporting on several national issues.
The march of 2020 in 10 key long reads A quick snapshot of the terms, trends and events that defined the year and how #MintLongStory responded.Many stories focused on what the Centre should do to alleviate economic angst. The science behind the virus was a recurring theme, as well as developments on the vaccine front.
Byju's Will Hire 8000 Employees In 2021 For These Job Profiles; WFH Main Working Mode? The new year 2021 is not very far now; and Byju's has huge plans for itself. The Indian educational technology and online tutoring firm has announced that about 8000 new employees will be hired in the upcoming new year. Read on to find out what roles BYJU'S is looking for to recruit in 2021! Indian …
Digital is a boon for B2B marketing. Here's why B2B marketing got on to the digital bandwagon relatively late. But the foundations have already been laid. Companies now need to leverage digitalisation to hit that growth curve.
Centre Working Aggressively For Covid Vaccination Drive: AIIMS Director The government is aggressively working on the Covid-19 mass vaccination program and there will be no delay in the inoculation process, Dr Randeep Guleria, director All India Institute of Medical Sciences said on Wednesday. He also said that priority groups have been identified and the vaccine will be free for healthcare workers, frontline workers, and the elderly.
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How to spend your money for maximum happiness Today, the average American family spends about 50 percent of their income on necessities like food and shelter, compared to almost 80 percent in 1901. But though the things we buy might make us happy in the moment, that feeling atrophies over time. Here's how to actually be happy with your purchases.
