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The Next 10 Years Will Be About "Market Networks"

  • Article
  • Jul 25, 2019
  • #OnlineMarketplace
James Currier
@JamesCurrier
(Author)
www.nfx.com
Read on www.nfx.com
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Market-networks will produce a new class of unicorn companies and impact how millions of service professionals will work and earn their living.

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Andrew Chen @AndrewChen
  • Curated in Required Reading for Marketplace Startups
Andrew Chen @AndrewChen
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  • From andrewchen.co
James Currier (of NFX) pens one of the classics of the last few years, defining the term “Market Network” – multiple participants, SaaS tools, with transactions at the center. Key differences: 1) Market networks target more complex services. 2) People matter – complex services mean each client is unique and not interchangeable. 3) Collaboration happens around a project. 4) There’s unique profiles of people involved. 5) Long term relationships between participants. 6) Referrals flow freely. 7) Increases transaction velocity and satisfaction.
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    Required Reading for Marketplace Startups
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