Chapter
The Challenges of Building a Successful Marketplace Business
38:08 - 42:24 (04:16)
The odds are always against any marketplace being successful, but as an entrepreneur, it's not a stupid bet to take, though the likelihood of its success is low. While challenging, the fundamentals of what they're trying to do are interesting.
Clips
The odds are always against the success of startups, especially marketplaces.
38:08 - 39:38 (01:29)
Summary
The odds are always against the success of startups, especially marketplaces. Although there are some promising fundamentals to this particular marketplace, there is no guarantee of success, especially if it relies on raising money.
ChapterThe Challenges of Building a Successful Marketplace Business
Episode#59 - YC Demo Day Startups, Airbnb Survival & Teachable Acquisition
PodcastMy First Million
Clearbanc provides credit to e-commerce companies, allowing them to avoid raising money for inventory or marketing costs.
39:38 - 41:11 (01:32)
Summary
Clearbanc provides credit to e-commerce companies, allowing them to avoid raising money for inventory or marketing costs. This approach is a creditworthy method for e-commerce firms to avoid raising venture capital.
ChapterThe Challenges of Building a Successful Marketplace Business
Episode#59 - YC Demo Day Startups, Airbnb Survival & Teachable Acquisition
PodcastMy First Million
Summary
Do influencers really need credit? Traditional banks may struggle to assess an influencer's credit worthiness in the same way they did with e-commerce, making it difficult for influencers to access capital to grow their business.