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Questions and Answers
Which of the following is a key challenge that platforms face besides network effects and critical mass?
Which of the following is a key challenge that platforms face besides network effects and critical mass?
- Lack of funding
- Lack of growth opportunities
- Catch-22 problem (correct)
- Lack of user engagement
What is the main risk associated with early (explosive) growth for marketplaces?
What is the main risk associated with early (explosive) growth for marketplaces?
- Lack of funding
- Decreased user engagement
- Stress on the business model (correct)
- Increased competition
What is the advantage of being the first marketplace to reach a critical mass?
What is the advantage of being the first marketplace to reach a critical mass?
- Beneficial but doesn't guarantee anything (correct)
- Higher revenue potential
- Increased user engagement
- Guaranteed success
What is the main objective for marketplaces in the early stages of growth?
What is the main objective for marketplaces in the early stages of growth?
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How long did it take Airbnb to understand the conditions and prices homeowners would rent to strangers?
How long did it take Airbnb to understand the conditions and prices homeowners would rent to strangers?
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