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/ …
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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.
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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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