Harvard Business Review: A Study of More Than 250 Platforms Reveals Why Most Fail
- since many things can go wrong in a platform market, managers and entrepreneurs need to make concerted efforts to learn from failures.
- since platforms are ultimately driven by network effects, getting the prices right and identifying which sides to subsidize remain the biggest challenges
- put trust front and center
- timing is crucial. Being early is preferable
- hubris can lead to disaster
Source: the fabulous HBR