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FAI | Blog
Silicon Valley gave birth to one of the first transformational O2O models: ride-sharing. Uber used cell phones and personal cars to change how people got around cities in the United States and then around the world. Chinese companies like Didi Chuxing quickly copied the business model and adapted it to local conditions, with Didi eventually driving
... See moreKai-Fu Lee • AI Superpowers: China, Silicon Valley, and the New World Order
Newmark explained to Jarvis, “If you make a great platform that people really want to use, then the worst thing you could do is to put yourself in the middle, getting in the way of what people want to do with it.”
Rachel Botsman • What's Mine Is Yours: The Rise of Collaborative Consumption
Platforms function only when two or more actors interact and draw value within the same interdependent business model. Platforms are called double-sided when there are two such actors and multisided when there are more than two. A platform exists only when all sides are present in the model. Airbnb is an example of a double-sided platform. It is a
... See moreAlan Smith • Value Proposition Design
In general, there is an inverse correlation between platform complexity and its openness to innovation (and therefore to potential value). The less rigid and structured the platform, the more innovation. More structure produces less variation.