(MENAFNEditorial) Marketplaces by Flight.vc
Online marketplaces have among the best network effects, revenue and profit models.
Product Gil Penchina, Jeff Epstein and Alec Hsu lead the Marketplaces by Flight.vc Syndicate.
Marketplaces provide an easy way for buyers and sellers to meet and transact.
Marketplaces have two key qualities:
1 New marketplaces are difficult to start, because of the 'chicken-and-egg problem: buyers will only join a marketplace where they can find many sellers and sellers will only join a marketplace where they can find many buyers.
2 Once started, marketplaces can grow to be large, high profit margin businesses, because:
- Every new buyer can add value to every seller, and
-Every new seller can add value to every buyer
- New competitive marketplaces are difficult to start (see # 1 above).
We invest in marketplaces which meet many of the ten key factors outlined by Bill Gurley of Benchmark Capital:http://abovethecrowd.com/2012/11/13/all-markets-are-not-created-equal-10-factors-to-consider-when-evaluating-digital-marketplaces/ Founders Jeff Epstein Founder
Worked at @oracle-corporation, @DoubleClick • Studied at @Yale University, @Stanford Graduate School of Business
Alec Hsu Founder
Board Advisor Talk City/Liveworld 1999-2001. BoD TVU Networks 2006-2008. GP of Serra Venture Partners 2006-2012. Founder of Flight Ventures 2014- present.
Gil Penchina @ IDG Ventures Founder
5 $1B + announced exits
Syndicated @Cruise Automation @Dollar Shave Club @HOOKED @AltSchool Investor: Linkedin, Paypal, Wealthfront, Discord
Shawn Merani @ Flight.vc Founder
@Flight Ventures Prev @ReachLocal (NASDAQ: RLOC)
Investor @Dollar Shave Club @Cruise Automation@Soothe @Managed by Q @HOOKED @Sapho@AltSchool
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