Remove China Remove Demand Remove Disintermediation
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The Final Edition

thebarefootvc

I had alluded to this in a piece I wrote in 2015 – Are Banks the Next Dinosaurs?: “Twenty years from now, we will see disintermediation of banks, and millenials will no longer recognize the current banking system as they will receive financial services from a number of new entrants in the technology sector.

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Where are the opportunities for the next venture-scale marketplace business?

Version One Ventures

For example, Wish has given shoppers direct access to Chinese sellers; LetGo and OfferUp have connected local buyers and sellers with a visually appealing mobile-first experience; and our portfolio company Headout has taken the supply of offline attractions, activities and events online as well as mobile for travellers to book on-demand.

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Better, Cheaper, More Convenient

Rob Go

The ride experience is better in an UberX than a taxi, uberX is cheaper than a taxi, and on demand mobile booking, payments, etc make it way more convenient. M arketplace businesses are the classic example of this because they disintermediate the supply chain and offer a more free exchange of products between buyers and sellers.