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The marketplace conundrum - You need more than 10% cut but you need to add value as well

Added over 2 years ago | As appeared first on thisisgoingtobebig.com
I've been getting involved with a couple of different models related to labor marketplaces and platforms lately. My interest dates back to my 2010 investment in chloe + isabel back when I was with First Round. I was still at FRC when we invested in TaskRabbit and Uber, even though I wasn't on those deals. I've also run about 30 Kitchensurfing dinners across NYC for tech and startup folks in the last two years. My two most recent deals involve a distribution of labor or direct sales, and two o...
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For any startup, momentum is important, and so is the final outcome. For this, you need a market.
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A good product person will make changes that solve his/her problem. That will in turn help customers.
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