Stay-healthy April everyone!
The Marketplace Snippet from Speedinvest x team is back. On the first Monday of each month you can expect a good dose of content on ⭐network effects, platforms, and marketplaces ⭐in your inbox.
This newsletter is created by Magda from the Speedinvest x-Team. You can follow her on twitter here: @PosMagda
We hope you like it. If you have any suggestions, feedback or topics we should feature 👉hit reply 👈to let us know.
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This month’s focus: How to survive the Coronavirus crisis
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- 🤸♀️Physical health - a great list of fitness resources and online live training classes, and a dedicated list if you are in CET timezone.
- 🧘♀️Mental health - Sam Harris, a renowned neuroscientist, writer and philosopher made his app Waking Up available for free during the next 30 days. If you are into yoga - here is a great library of re-recorded yoga sessions.
- 🎭Soul health - if you feel hungry for some culture, here is a list of museums that turned online, The Met Opera performances you can listen to from your couch, and private concerts online that you can enjoy from your kitchen.
- 💰Wallet health - list of stuff offered for free by startups featured in a VC cafe, and deals for businesses in the time of Covid-19
- 🧠Brain food - highly recommend How To Academy events, now also available online, featuring guests from Nobel Prize laureates to Pulitzer Prize winners, also 450 Ivy League courses online for free will keep you busy
- 🐳And if you really need a Coronavirus retreat - Explore.org lets you observe animals’ freedom in the wildlife.
More importantly, here are the resources that might help your company:
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What we’ve been reading and listening to this month
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Below you can find a selection of content that we’ve been reading and listening to this month. For your convenience and sanity, we have divided it into COVID-19 related and non-COVID-19 related content from investors and operators in the field of Network Effects.
Insights from marketplace operators:
Non-COVID-19 related:
- 🐥How to solve the chicken and egg problem in marketplaces? How important is differentiated supply? How to prevent leakage? How to create marketplace defensibility and more - Listen to 20min VC with Alyssa Ravasio, founder & CEO of Hipcamp.
- 🤳The story of Cameo, the on-demand personalised celebrities recording platform, that in less than three years, managed to nail the supply-and-demand-side liquidity through the “producer evangelism strategy”, which was described by Geoffrey G. Parker in Platform Revolution book.
- 🎧Dan Hockenmaier, Casey Winters, and Lenny Rachitsky discuss in a Village Global podcast how marketplaces have evolved over the last several years, what are the possibilities for new vertical marketplaces and how to think about building liquidity in a marketplace.
COVID-19 related:
- 🎤Former Chairman and CEO of Cisco John Chambers, shares invaluable learnings from navigating Cisco to unprecedented success through multiple major crises over 25 years. Interview with Matthew Jacobson from ICONIQ.
- 🌎Gitlab, an all-remote company with over 1200 employees distributed across 65 counties, shares what they learned about working remotely over the years.
- 🍝Deep into the red...read about the impact of the Coronavirus on the restaurant industry by Opentable.
- 📚Coronavirus tech-handbook - a living list of resources & links from the tech community.
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Insights from marketplace investors:
Non-COVID-19 related:
- 💡Is there any white space left to build a consumer marketplace? “What so many people forget, however, is that many of our current incumbents actually disrupted the prior incumbents.” Sarah Tavel from Benchmark shares a great thought framework on how to approach it.
- 🎯What are the types of service marketplaces and what makes them successful? Read about winning strategies for service marketplaces by Julia Morrongiello.
- 📈When Networks meet SaaS - Sameer Singh discusses how startups can combine SaaS and network effects to gain structural advantages.
- 🎧An update on Consumer & Enterprise – fantastic episode of Invest Like the Best in which Bill Gurley and Chetan Puttagunta share their knowledge about how to manage the current crisis, learnings from 2008/2009, how to adjust business value proposition and why you should model different scenarios.
COVID-19 related:
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New $$$
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- 🎒Preply, online tutoring marketplace, raised $10M series A led by Hoxton Ventures to fuel growth in North America and Europe
- ✒️Notion, workplace productivity platform, raised $50 million from Index Ventures and other investors at a $2 billion valuation
- 🍔Hungry, a catering marketplace that connects businesses with independent chefs, raised a $20 million Series B led by Evolution VC Partners and former Whole Foods co-CEO Walter Robb
- 📷Run the World, a US-based platform that enables online events, raised $4.3 million in seed funding led by a16z. In Europe, Hopin, a London-based, remote live online events company, raised a $6.5M round led by Accel.
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News from our Speedinvest x portfolio
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Interesting marketplace folks we follow
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- Erik Torenberg - Co-founder of VillageGlobal, follow for thoughts about business models, interesting threads, and newest podcast releases
- Jeff Jordan - General Partner at a16z, follow for first hand marketplace insights, and great resources
- Josh Breinlinger - Managing Partner Jackson Square Ventures, as per bio “Big on marketplaces” - follow for insights from ex entrepreneur and marketplace expertise
For your convenience, follow our Twitter-list including new and previous additions.
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Marketplace Conference update
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As you know, due to the COVID-19 pandemics we had to postpone the San Francisco Marketplace Conference to the 27th May 2020. We are working hard on moving the event 100% online and still provide you with the best marketplace content out there! We will announce further details soon. Stay tuned!
Please check out our website or Twitter @marketplaceconf for updates.
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