Smash Notes
How Do You Connect Supply and Demand in a Marketplace Business
at 18:30
Answer
In the case of Purchasing Platform, the demand for goods from the manufactured home community was already there. Meanwhile, Dave had to educate the supply side on the opportunity.
Sellers, like Home Depot, and Staples, and hundreds more, did not realize they were looking at a $6 billion dollar opportunity.
By removing the friction between buyers and sellers, Purchasing Platform was able to add new business for their suppliers and provide them with new insights into things like pricing, demand and seasonality, while creating a trusted experience for their buyers.
Where this answer comes from
People
More notes from this episode
- Who Is Dave Bowen Transcript
- Why Sell a Startup Instead of Continuing to Grow It Transcript
- What Is the Status of Manufactured Homes Communities in America Transcript
- How Do You Connect Supply and Demand in a Marketplace Business Transcript
- Why Would a Profitable Bootstrap Business Still Want to Raise Venture Funding Transcript
More answers like this
- What Is the Status of Manufactured Homes Communities in America
- Why Would a Profitable Bootstrap Business Still Want to Raise Venture Funding
- Why Sell a Startup Instead of Continuing to Grow It
- Who Is Dave Bowen
- How Did Kirill Zubovsky Get Designers Onto Scoutzie Before It Could Accept Work?
Related episodes
- Startup Lessons from Serial Entrepreneur Justin Kan
- The Zoom IPO (with Santi Subotovsky)
- Eric Ries — Psychological Journey of a Founder
- Dave Schappell on raising venture capital as a repeat entrepreneur
- Russ Roberts (@EconTalker)
- 20VC: 500 Startups' Dave McClure on Whether Unicorns Are Necessary For Venture Returns & Why Ownership Is Not The Math To Think About When Investing