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Benjamin Lauzier

1 episode

Episodes

How marketplaces win: Liquidity, growth levers, quality, more | Benjamin Lauzier (Lyft, Thumbtack)

Sep 29, 20241h 24m

Guest: Benjamin Lauzier - Former VP of Product and Growth at Thumbtack. Benjamin has extensive experience in building and scaling marketplace businesses, having significantly contributed to the growth of both Thumbtack and Lyft. Key Takeaways: Focus on the Hard Side Pre-Product Market Fit: Identify and grow the more challenging side of the marketplace, often the supply side, to establish a reliable growth strategy. Measure Marketplace Liquidity: Track demand utilization and find a predictor metric, like ETAs for Lyft, to manage and improve marketplace health. Avoid Over-Fragmentation: Offering too many options can fragment supply and degrade user experience, as seen with Sidecar's approach. Managed Marketplace Tactics: Use market forces and empowerment, providing tools and coaching to maintain quality without over-controlling supply. Innovative Onboarding Strategies: Lyft's mentorship program effectively scaled driver onboarding, leveraging existing drivers to train and activate new ones. Topics Covered: Marketplace dynamics, product market fit, liquidity metrics, managed marketplaces, growth strategies, European vs. U.S. product culture, healthcare navigation startup.

Notable Quotes

โ€œIf you don't have product market fit, and if you don't have a good enough growth strategy for at least one side of your marketplace, just forget about all this marketplace stuff.โ€

Marketplace creation challenges

โ€œThe marketplace implies this concept of two independent and supposedly autonomous parties that you help connect and provide this exchange of value for them.โ€

Marketplace definition

โ€œI think sometimes we act in ways that are non-deterministic or counterintuitive.โ€

Human behavior in marketplaces