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Enjoyed this interview of @achmadzaky founder of Indonesia's first or second largest's e-commerce marketplace.
Interesting to hear what is the same here in the USA vs. different.
Next tweet has my favorite takeaways:https://nextbn.ggvc.com/podcast/s2-ep-18-achmad-zaky-of-bukalapak/ …
(I'm reading between the lines sometimes) 1. Nationalism is an important factor. Bukapalak gets benefits by being 100% homegrown (less foreign investment, focussing on hiring local-grown engineers) 2. O2O is big less developed countries. E-commerce in ID thrives off of delivery
to mom-and-pop "warongs" - I don't fully understand how it works, but these things seem to be a delivery end-point and more. 3. As you scale culture becomes the driving factor behind efficiency in a large company, which as it grows, sees its' productivity-per-person decreasepic.twitter.com/umTdhQtHOA
4. Finally, if valuations stay down, we might be in another golden age for startup investing (like '02 and '09). Remember that when valuations fall you are not just getting the benefit of buying into a potential Uber or Airbnb at a lower valuation. In this environment, Lyft &
VRBO etc. (basically the competition) get starved funding or do not get funded at all. So you have not only less competition doing dumb shit like selling $1s for $0.95, but you may have just less competition in general. Makes me want to do some startup investing but dunno how.
More info on Warongs: https://en.wikipedia.org/wiki/Warung More info on Zaky: https://en.wikipedia.org/wiki/Achmad_Zaky … More info on Bukapalak (which means "Open a shop" in bahasa indonesia: https://en.wikipedia.org/wiki/Bukalapak /end
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