Marketplace lessons from Uber, Airbnb, Bumble, and more | Ramesh Johari (Stanford professor, startup advisor)
Lenny's Podcast: Product | Growth | Career Ramesh Johari is a professor at Stanford University focusing on data science methods and practice, as well as the design and operation of online markets and platforms. Beyond academia, Ramesh has advised some incredible startups, including Airbnb, Uber, Bumble, and Stitch Fix. Today we discuss:• What exactly a marketplace is, if you boil it down• What you need to get right to build a successful marketplace• How to optimize any marketplace• An easy litmus test to see if there’s an opportunity to build a marketplace in the space• The role of data science in successful marketplaces• Ramesh’s philosophy on experimentation and AI• Advice on implementing rating systems• Why learning isn’t free—Brought to you by Sanity—The most customizable content layer to power your growth engine | Hex—Helpin
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