20VC: a16z's Jeff Jordan on The Ultimate Guide to Investing in Marketplaces, Two Core Features to Look for in All Marketplace Investments, Why Fragmented Supply is so Important & Lessons from Airbnb, Pinterest and Instacart on What Makes the Best Cohorts
This podcast episode delves into various aspects of investing in marketplaces, highlighting the importance of network effects, efficient acquisition of fragmented supply, capital efficiency, target market specificity, retaining mental plasticity, Instacart's journey to profitability, and the dynamics of a healthy demand side. It emphasizes the need for investors to be selective and empathetic in their board membership, hones in on the difficulty of quick investment decisions, and showcases the qualities of good board members.
