Every single social platform in the west that I can think of focuses on reducing the registration friction, it seems like a no-brainer esp if your priority is the growth of the platform. Bilibili’s process seems counter-intuitive until you factor in that its aim is sustainable growth. Sustainable growth means that they want to let in dedicated memb... See more
With the addition of community leaders into the supply chain, the unit economics for online groceries are fundamentally changed. Now CAC is lowered since community leaders are responsible for creating their own customer groups. Customer Life Time Value (CLTV) is extended since customers have more hands-on support and social buying promotes frequent... See more
Instead of artificial intelligence, what we should be developing further is artificial inquisitiveness. He believes that curiosity is a key component of creativity.
Instead of increasing the fees you charge all of your users, Gurley recommends that marketplaces figure out other ways to make more from those users who want more from you. Back then, he brought up advertising as an example. If you can get some of the suppliers in the marketplace to pay for ads, you can effectively earn a higher take without needin... See more