1/ Successful Internet companies can usually be characterized by the phases of a deal (economist’s “contract”) they improve the most
2/ Phases of a deal (1) search: buyers & sellers finding each other, (2) negotiations, (3) performance, (4) post-performance incentivization
![mwm [⚡️,🔑]](https://pbs.twimg.com/profile_images/1209756733/mWm_logo_2007_msn_normal.png){kind=logo}
![Guy Swann ⚡[Pay me in Bitcoin]](https://pbs.twimg.com/profile_images/1179969545613795330/djNzdtP__normal.jpg)
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3/ Google, Facebook: search (advertising to match buyers and sellers)
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4/ eBay: search (matching buyers & sellers), negotiatns (auction), but for resulting performance prblm (paying small sellers) needed PayPal.
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5/ Amazon: search (matching buyers & sellers), performance (retail distribution oriented around home delivery).
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6/ Uber: search (riders to drivers), negotiation (pricing algo), performance (route maps). AirBnB: search (matching houses & travelers).
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7/ Yelp + ratings on aforementioned sites: post-performance review & incentivization + buyers search for next sellers.
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8/ In total, trillions of $ of value have been created by using internet to improve the way people make and perform deals with each other.
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9/ Smart contracts: intentionally apply tech to enable more kinds of deals between more far-flung & differently lawed & cultured people
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The profile pic makes all this
#knowledge more impactful, somehow
Thanks. Twitter will use this to make your timeline better. UndoUndo
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