Jul 4, 2022

It’s time to build - now more than ever! 💥

Hot off the presses, it’s the 32nd edition of The Marketplace Snippet curated by Paola and Mathias on behalf of the Speedinvest Marketplaces & Consumer team 🚀

The Marketplace Snippet is a monthly newsletter featuring the most interesting content on Marketplaces.

In this edition:

Ankur Nagpal from Teachable shares all he’d do differently if he started over
The golden era for consumers of on-demand services might be coming to an end
The Hub-and-Spoke Network Effect that drove TikTok’s ascendance in 2016
Philip Specht uncovers the ‘must haves’ in Pre-Seed decks to help founders up their chances of acing your Pre-Seed fundraise
Sequoia’s “adapting to endure”-toolkit to navigate the current crisis

More on these topics and additional thought-provoking discussions below.

If you’ve missed past newsletters or simply can’t get enough, catch up here.

Now, let’s jump in!

Guess What’s Coming to Your Schedules Post Summer?

Look out on the horizon. No way – can it be?

You guessed it right - The Marketplace Conference (MPC), the leading global event for the marketplace ecosystem is back!

Each year since 2018, we have brought together an impressive roster of entrepreneurs, investors & operators to geek out on all things network effects, and the upcoming edition will be no different.

Stay tuned for further information in the coming weeks. But for now, kindly save the dates: 11-12 October, 2022.

In the meantime, you can check out last year’s conference on our YouTube page, as well as other videos from previous conferences.

Craving more on Marketplaces?

Our friend Sameer Singh, startup advisor and early-stage investor focused on Network effects and creator of the renowned network effects blog Breadcrumb.vc has got you covered ❗

Check out his online course on Network Effects.

As one of our loyal Snippet subscribers, Sameer is offering the discount code “Snippet10” which gives you a 10% discount at the time of enrollment.

Class Period is Sep 26 - Oct 14 2022.

Registration Deadline is Sep 21st.

Hurry up before it’s too late! ⏱ 🏃‍♀️ 🏃🏾‍♂️💨

Insights: Marketplace Operators

Ankur Nagpal, Founder of Teachable, reflects on his journey and shares all the things he'd do differently if he started over 👀

Ankur Nagpal shares his reflections after selling Teachable for a healthy nine-figure amount two years ago, traveling the world, investing & working with 50+ startups. A thread 🧵

twitter.com • Share

Opendoor's Path to 4% Marketshare

In September 2020, Opendoor released its first public investor presentation where Management laid out an audacious goal to one day operate in 100 markets, claiming 4% share of all US residential RE transactions.

Let’s have a read 👀

datadoor.io • Share

Network Effects in the Creator Economy with Daniel Koss, Founder and CEO of Creable

A fun chat with Daniel on all things Creator Economy and on the The Network effects in the Creator Economy between advertisers, creators & audience, as well as the Network effect of Creativity 💥

paolavc.com • Share

Farewell to the servant economy 👋

Investors have been subsidising consumers by funding companies that often charge less for these services than it costs to provide them. Now that model is in jeopardy as the money is drying up 🏜

www.ft.com • Share

Disappearing Term Sheets and Down Rounds

On a Monday in February, founder Annafi Wahed downed two glasses of wine, called her best friend and had a good cry. A VC had just emailed to say he was taking back a verbal agreement he made late last year to lead her seed round…

www.theinformation.com • Share

Adapting to Endure 2022

Check out Sequoia‘s digital toolkit to help founders navigate the current market conditions and emerge as strong, enduring companies!

More resources on the Speedinvest Venture Market Correction page with lots of useful resources to help portfolio founders better navigate these waters 🌊

www.sequoiacap.com • Share

Insights: Marketplace Investors

Introducing Network Effect #16: Hub-and-Spoke

James Currier, Founding Partner at NFX, writes on the new addition to NFX’ Network Effects Map, the Hub-and-Spoke Network Effect - the network effect that drove TikTok’s ascendance in 2016 🚀

www.nfx.com • Share

The Metaverse Could Generate $5 Trillion by 2030 - 'Simply Too Big to Be Ignored'

As our portfolio company Admix goes all-in on Web3 and The Metaverse (more on that below), McKinsey & Company publishes its report titled ‘Value creation in the Metaverse,’ which forecasts a market as big at $5 Trillion by 2030 🚀

news.bitcoin.com • Share

It's still a great time to build 💥

Entrepreneur and Investor Elad Gil writes on Twitter some of the potential things that are likely to happen in the next 3-18 months in the tech startup world. A thread 🧵

twitter.com • Share

How to ace your pre-seed pitch deck 💥

Soaked by Slush picked up “How to ace your pre-seed pitch deck“ by our colleague Philip, a comprehensive guide for founders on the essentials to be included in pre-seed pitch decks like market sizing, KPIs, and competitive analysis.

www.slush.org • Share

News From our Portfolio

Exciting news from Admix as they acquire LandVault to further expand into Web3 and the MetaVerse 🔥

Admix is merging with Landvault, the largest building studio in the metaverse like The Sandbox and Decentraland to become the one-stop-shop for brands to enter the space.

venturebeat.com • Share

Congrats to CoachHub on their $200M Series C as it gears up to continue democratizing professional coaching 🌍

Digital coaching platform CoachHub plans to further expand in the Asia Pacific and other regions of the world after raising a $200M Series C led by Sofina and SoftBank Vision Fund 2. Mathias shares some first-hand insights in his latest Startup Insider Podcast Episode (German only).

techcrunch.com • Share

Congrats to Stotles on their $6.5M Seed to help better connect businesses with government projects 🏛️

The London-based B2B SaaS startup is shaking up the $12T Business to Government (B2G) market by creating a ‘single source of truth’ to remove the red tape and frustration that forces many to give up on working with governments.

tech.eu • Share

The Tale of Tier with Lawrence Leuschner

Upon acquiring Spin from Ford earlier this year, Europe’s Tier emerged as the largest shared micromobility company in the world.. Curious to hear more?

Hear the story directly from Lawrence! 🎙

www.youtube.com • Share

Congrats to Byrd & CoachHub for making it onto the list Europe's rising 100 🙌

Sifted publishes the ultimate B2B list: 100 startups knocking on the door of the unicorn paddock 🦄🚀 and our Byrd and CoachHub are among these!

sifted.eu • Share

Mercanis wins the Unicorn Startup Awards 🏆 (German only)

We are excited that over 2️⃣0️⃣0️⃣ participants saw Mercanis‘ potential for a #Procurement #Unicorn 🦄

Well done Team! 👏

beschaffung-aktuell.industrie.de • Share

New $$$

Blockchain Applications & NFTs, EdTech, Job Marketplaces, Q-commerce and so much more…

Momentum in marketplaces continues in 2022 with 31 deals closed in June and continued investor appetite for network effects businesses, including some of our own here at Speedinvest.

airtable.com • Share

Careers in Tech

Now hiring!

Our portfolio companies are always hiring exceptional talent. If you or someone you know would love to work in a fast-paced marketplace startup, check out the open jobs at our startups here.

careers.speedinvest.com • Share

Thanks for reading! We hope you enjoyed this issue.

If you liked the content, why not give it a 👍 and share it with friends? 😉

Any questions, tips, feedback? Bring it on and leave a comment. We look forward to hearing from you! 💬

The Speedinvest Marketplaces & Consumer team backs startups who are shaping the future across B2B and B2C at the intersection of marketplaces, eCommerce 2.0, and consumer subscriptions. You really want our attention? Throw in some network effects - the driver behind the digital platforms that are redefining our everyday lives.

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