Sarah Tavel: belief

Transcript context

…Awesome. I'm glad we got into that. We're getting real dirty about marketplaces. Exactly what I was hoping for. You said that you had something else you wanted to share along these lines. And there's so many other examples of reasons why a marketplace won't tip competition. Again, you're a food delivery company and you go after the suburbs where there's no competition. That makes your job really easy to tip the market. You go to New York City where you have an entrenched competitor of Grubhub plus Seamless Web, a different culture around delivery where the restaurants mostly have their own delivery fleets, and it's just going to be so much harder for you to tip that market. And so, I think you have to be really context aware when you're building a marketplace of what your competition's going to be so that you see if there is a path for you to actually tip the market. And even if you've tipped the market, it may get untipped, like Uber comes in and starts to eat your lunch, no pun intended. It doesn't last forever. You have to keep fighting for it.…

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