My Brain Food This Week...

Amazon's price setting algo, Kim Kardashian, Super Agent Rich Paul, and I wrote about how a platform works

Story of the week:

How Does a Platform Work?

(Mansa Sithole)

Key takeaways:

• Platform businesses provide a foundation for other ecosystems to thrive. This comparison between LVMH and Shopify highlights this core concept.

• Shopify empowers e-commerce businesses with a comprehensive suite of services, simplifying operations, and driving audience growth, as demonstrated by the case of Drake Related.

• LVMH operates as an ecosystem for luxury brands

• Both examples emphasise four key principles for platform business success: foundational products, cross-selling complementary items, protecting core assets, and continuous investment in improvements. Understanding these principles is crucial for building a successful platform business.

Read more…

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💎 Africa

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• Why invest in African Tech Startups: Pioneers of Innovation and Growth

  

• South African Insurtech Startup Root Secures $1.5M for Europe Expansion

• Kasha, a Rwandan-based e-commerce platform that provides access to women’s health and personal care products, has raised $21 million in a Series B funding round

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🌏 Global

• Robots Are Demographics Part 2

• Amazon Used Secret ‘Project Nessie’ Algorithm to Raise Prices

  

• Stop Obsessing About Work All the Time

• PG&E’s $6 Billion Plan to Prevent Wildfires Is in Peril

• Kim Kardashian turned Skims into a $4 billion company. She wants to build the next generation of unicorns with SKKY Partners, her new private equity firm

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🚀 Podcasts & Video