The used car industry is massive. There are 40 million used cars sold per year in the US … Continue reading “The used car buying and selling process is broken and we are going to fix it!”

As you can see from my article on The Evolution of Marketplaces, Craigslist is facing a great unbundling. … Continue reading “Recommendations for Craigslist”

Anand Iyer, the Chief Product Officer of Threadflip, just wrote a thoughtful blog post on how to build … Continue reading “Fantastic article on how to build trust in modern marketplaces to achieve liquidity”

In the early days of the web Craigslist’s horizontal listing based marketplace was all things to all people … Continue reading “The Evolution of Marketplaces”

Bitcoin confuses people. They don’t grasp what it is and how it works. The two presentations below are … Continue reading “Great presentations on Bitcoin”

I have had the privilege to see Henry do his “Mary Meeker” impersonation as he effectively flies through … Continue reading “Henry Blodget’s Slides on the Future of Digital: 2013 are a must read”

It seems a foregone conclusion that 3D printing will change the world. It’s already revolutionized prototyping, and we’re … Continue reading “3D Printing will change the world”

As you can probably imagine given my recent blog post, Thoughts on building successful vertical marketplaces, marketplaces have … Continue reading “Bill Gurley’s thoughts on marketplaces are a must read!”

Bill Gurley is a partner at Benchmark and an investor and on the board of Uber, OpenTable and … Continue reading “Great article on optimal take rates in Internet businesses”

As you know, I love operating and investing in marketplaces. It’s been interesting over the years to observe … Continue reading “Thoughts on building successful vertical marketplaces”

What is surprising about this business to me is how high the take rate is. Most marketplace business … Continue reading “Could it be that stock photography is the best business ever?”

In the past few months, we’ve been approached by almost 10 companies who want to be the Pinterest … Continue reading “Why we won’t invest in Pinterest clones”

The last few months have been difficult for Netflix. Ignoring the Qwikster disaster, the world seems to have … Continue reading “The Irony of Netflix”

It has been clear to outsiders for a while that not all is well in the house of … Continue reading “Fantastic and brutally honest memo by Stephen Elop, CEO of Nokia”

There is no denying Apple has had an incredible run. Steve Jobs’ return and the Mac’s resurgence After … Continue reading “Apple: Short Term Winner, Long Term Loser”