Once an edge becomes visible the alpha erodes. In October 2000, the restaurant booking app OpenTable closed a Series C funding round for thirty-six million dollars. It was led by Benchmark’s Bill Gurley. This model, the marketplace model is great, especially as transaction costs fall and businesses insert themselves between buyers (eaters) and sellers (restaurants). However, even then, everyone knew.
🐵 Monkey Do
🐵 Monkey Do
🐵 Monkey Do
Once an edge becomes visible the alpha erodes. In October 2000, the restaurant booking app OpenTable closed a Series C funding round for thirty-six million dollars. It was led by Benchmark’s Bill Gurley. This model, the marketplace model is great, especially as transaction costs fall and businesses insert themselves between buyers (eaters) and sellers (restaurants). However, even then, everyone knew.