Re:which side to focus on initially, discussion starting 9:30 Benjamin identified demand as the hardest side for Thumbtack, but around 12:39 said supply was the harder side 80% of the time, so was Thumbtack not a counter-example?
This was a great one, awesome marketplace takeaways. Thanks both. Would love to have some sort of marketplace focused episode (or mini series?!) in future Lenny. Even if it's just a super-cut of all the best marketplace advice aggregated from all your episodes (matched with a long blog post?) I'd listen to that on repeat till the end of time 😂
Good talk. But left out is that many of these platforms primary competition is Yelp. The best marketplaces have a very different gestalt that’s specific to the offering. I’m building a platform like that right now, at a large company.
I was holding my breath hoping Lenny wouldn't mention nanny marketplaces as doomed as he's done in the past! We are working on a highly managed babysitter booking marketplace sourcing sitters from the best, most repudiable sources: nanny agencies. We are going to make Lenny a believer!
Lyft is on-track to do c. 400m in FCF in 2025. If they stay on track that market cap will move totally in a different direction than expressed in this one.
Awesome convo! Lots of great marketplace insights & takes in this one.
Means a lot coming from you
I like the insight of using filters to affect ranking and not filtering. I think amazon does this very well.
can you please elaborate more? he talked shortly about this but i didnt understand it
Re:which side to focus on initially, discussion starting 9:30 Benjamin identified demand as the hardest side for Thumbtack, but around 12:39 said supply was the harder side 80% of the time, so was Thumbtack not a counter-example?
It was, good catch! I blanked in the moment but yes, I think it totally was the case for Thumbtack (and still is to an extent).
@@benjaminlauzier2736 Thanks Benjamin! Great insights btw. I'm interviewing for Meta and your insights are gold for my prep. :)
This was a great one, awesome marketplace takeaways. Thanks both.
Would love to have some sort of marketplace focused episode (or mini series?!) in future Lenny.
Even if it's just a super-cut of all the best marketplace advice aggregated from all your episodes (matched with a long blog post?)
I'd listen to that on repeat till the end of time 😂
haha, noted!
So many insights! That’s a Goldmine🙏 thank you guys
I am building a market place, and there are many insights really useful. Thanks
Interesting podcast - mentorship and brand ambassador
Great guy!
Good talk. But left out is that many of these platforms primary competition is Yelp. The best marketplaces have a very different gestalt that’s specific to the offering. I’m building a platform like that right now, at a large company.
So interesting
I was holding my breath hoping Lenny wouldn't mention nanny marketplaces as doomed as he's done in the past! We are working on a highly managed babysitter booking marketplace sourcing sitters from the best, most repudiable sources: nanny agencies. We are going to make Lenny a believer!
🤣 Please please do!!
Great podcast. I was a little confused though why Uber converted passengers to drivers better than Lyft
Lyft is on-track to do c. 400m in FCF in 2025. If they stay on track that market cap will move totally in a different direction than expressed in this one.
When my marketplace takes off id like to be in your show
Fastest click ever!
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