Not all marketplaces can increase prices after winning the market. Can yours?

Not all marketplaces can increase prices after winning the market. Can yours?

Any marketplace facilitates the exchange of value between the “producer” (of the value) and the “consumer” (of the same value). By easily matching the two sides in one place, the marketplace adds a lot of value to both. Typically, the exchange of value is also accompanied by an exchange of cash. In such a case, the marketplace takes a small commission/tax in return for the value it adds. Let’s call the person paying with cash the “buyer”. Similarly, the party…

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10+ factors to evaluate strict two-sided marketplaces

10+ factors to evaluate strict two-sided marketplaces

I have recently been giving a lot of thought to the product considerations in building two-sided marketplaces. A lot has been written about this topic, and some of the posts have been excellent. However, despite the plethora of articles out there, I have noticed that in all the discussions that I have had with other strong product designers, we tend to go around in circles while describing some of the key concepts and how they fit into the exact problem…

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Basics you wanted to know about big data, machine learning and artificial intelligence, but were afraid to ask

Basics you wanted to know about big data, machine learning and artificial intelligence, but were afraid to ask

Over the past few months, the field of artificial intelligence has been exploding. A lot of people I meet here in the bay area talk about it constantly, and they try to come up with different use cases for artificial intelligence. It is increasingly clear that artificial intelligence will be a major toolset of the future. I believe it will exceed the status of a toolset and find an evolutionary path of its own. But the more conversations I have…

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A march towards quality

A march towards quality

So, I have been having discussions with a very good friend of mine over the past many months. While I have bounced around ideas on how to write about specific topics, I have never been able to actually start. Today, he challenged me to write something anyway, no matter how shitty it is. After racking my brains on how to come up with the perfect subject matter, I was reminded of this story from the book Art & Fear. Ever…

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Remembering Steve Jobs

Remembering Steve Jobs

Much has been written about Steve Jobs in the last couple of days. People throughout the world have showered their love and affection for the public figure of Steve Jobs. Apple’s products showed that their creator must be a force to reckon with. For people here in the valley, especially enchanted with products, design and innovation, Steve was a legend way before his death. I never met the man, and only knew of him through his products, and his public…

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What it means to create a vertical social network

What it means to create a vertical social network

This is a part of the ongoing series of blog posts detailing how one should think about social features, and adding them to your product. Earlier, we discussed the various types of social networks. In this post, we will delve deeper into what it means to create a vertical social network. To recap, vertical social networks have a place in the world of the internet. Although juggernauts like Facebook have much greater network effects because everyone and their uncle are…

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Types of Social Networks

Types of Social Networks

This is a part of the ongoing series of blog posts detailing how one should think about social features, and adding them to your product. Earlier, we discussed the social follow/friendship models, and where each one is applicable. The models are not only interesting from a theoretical perspective, but also have deeper implications on the kind of network affiliations and bindings they enable. Depending on the kind of model the product designer decides to follow, creates either broader networks, or…

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Social Models

Social Models

There has been a lot written about the kind of ‘social’ graphs prevelant on the internet. I am not adding any great new information, and readers are advised to check out the following posts: http://en.wikipedia.org/wiki/Social_graph Graphs Here, however, I am including this discussion mostly for completion sake. But, I also think that the discussion is valuable to point out the key differences between the kind of social models, as well as understand the history behind their evolution. The two main…

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Roadmap for building ‘social features’ into the product

Roadmap for building ‘social features’ into the product

At the core of any product, you are going to have people interact with some piece of content. However, before we jump into how to design a viral loop for free marketing and growth, let’s examine the right way to think about how to make your product more social, and how to build the social elements into the basic value proposition. The following is an outline of the topics I am going to cover about how to add social features…

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Hello World… again!

Hello World… again!

So, I have been on a low-information diet for the past many months. Actually, I kind of broke my fast a few months ago, but still hadn’t turned the corner with writing, and didn’t really feel like it. Mostly because I felt like I didn’t have anything very original to contribute. As usual, I mostly write to solidify my own thoughts, and not to be pedantic, but it was good to take a break from it all. Until now. I…

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