The most valuable businesses have been platform businesses and will continue to be platform businesses. Google, Facebook, Uber, Amazon are all platforms. Not all platforms are created the same. How do we identify a great platform business? Collects tons of data. Data rich. Uses the data and gets better over time. Think data science and machine learning. The ease of use, conversion rates, stickiness increases over time. Self mutating. One user added enhances the experience for all other users. Network effect. Many one to many relationships not many one to one relationships. Snapchat is still 1:1. Instagram is one to many. Apple Appstore one to many (devs to consumer). One to many. Adding more users linearly increases revenue/margin while adding little to no cost. Scalability. ➞Please this piece if you think it will help others. SHARE ➞Get my best writing, . sign up for my newsletter
