Platform Scale Quotes

“all design decisions should ensure the repeatability and sustainability of the core interaction that the platform enables.”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“The true value of platforms lies in the value created by external producers and exchanged with consumers on the platform, not in technology, nor in user adoption.”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“But today, the power of the network effect is fading. The network effect isn’t the one-stop solution for repeatable interactions that it once was.”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“The importance of understanding the platform business, as an enabler of interactions, cannot be overstated. In a connected world, businesses will increasingly focus on enabling interactions between users.”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“The iPhone’s app store introduced business development on steroids. Nokia, BlackBerry, and traditional carriers sourced their apps contractually, whereas the iPhone created an open platform, allowing anyone to create apps for”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“Many technology companies prioritize acquisition targets based on how well they are integrated with their existing API.”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“The costs of coordinating labor and resources toward value creation are declining rapidly as new coordination tools enable a distributed ecosystem to work together to create value.”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“Platforms allow participants to co-create and exchange value with each other.”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“Understanding these six interaction drivers helps entrepreneurs and managers give new strategic direction to the platform.”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“If you’re building for network effects, you’re not building mere software anymore. Platforms that shift the design process from a technology-first to an interaction-first approach will win.”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“Everything old is new again! The answers lie in using the old to interpret the new!”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“The core value unit is required to spark interactions. Interactions are enabled by the platform. 4.”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“Most entrepreneurs and managers looking to build the next Airbnb for X or Facebook for Y, dive into the problem headlong by building technology. Instead, technology should be built only after understanding the interaction that needs to be enabled. Without this in mind, one often ends up with a platform that nobody wants to use. Build platforms with an interaction-first, not a technology-first mindset!”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“As the world becomes more connected, the platforms that harness these connections and the ensuing interactions into effective business models will win.”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“ecosystem.”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“We are in the business of enabling interactions.”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“The ability of a business to scale is determined by its ability to aggregate the inputs to business – labor and resources – and coordinate them efficiently toward value creation and delivery.”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“Ecosystems are the key enablers of value creation on platforms and a new source of competitive advantage.”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“We are increasingly moving into the business of enabling efficient social and business interactions, mediated by software.”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“leveraging technology – often commoditized – to orchestrate connected users toward new and efficient value-creating interactions holds the key to the business models of the future.”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“Startups – as well as enterprises – building platforms, often make the error of engineering viral growth before designing the right incentives for users to stay on in an engaged fashion.”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“ensure that reverse network effects do not set in, platforms need to ensure that access and creative control, as well as curation and customization, scale well as the platform”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“industries – has become most apparent over the last decade and a half. During this period, software has “eaten” media, telecom, professional services, and retail and is increasingly “eating” banking, healthcare, education, energy, transportation”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“pipe, from the producer to the consumer. On platforms, the interaction between producers and consumers, facilitated by the platform, determines value creation and exchange. Lack of resource ownership, as previously mentioned, works”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“Table of Contents Table of Contents Preface Section 1 1.1 Building The Next”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“monetizable media empires on YouTube, while many freelancers make a better living on Upwork than they ever did or could at a traditional firm. My fascination with platforms emerged from a desire to understand business success and failure in the context of emerging digital business models. Platform Scale is an outcome of this growing fascination to unpack the inner workings of business models in a networked world. The ideas in this book aim to illustrate the importance of these models, the forces that power their rapid”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“COMMUNITY MANAGEMENT IS THE NEW HUMAN RESOURCES MANAGEMENT”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“In the quest to transform into platforms, organizations must shift from a culture of dollar absorption to a culture of data absorption.”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“On platforms, the business does not create the end value; rather, the business only enables value creation. As a result, participants on the platform take on production as well as consumption roles.”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment

“We are no longer in the business of building software. We are increasingly moving into the business of enabling efficient social and business interactions, mediated by software.”
― Sangeet Paul Choudary, Platform Scale: How an emerging business model helps startups build large empires with minimum investment