Comments on: What do eBay, Google and Facebook have in common?

By: Jeff

Jeff — Thu, 31 Jan 2008 03:51:12 +0000

good string here, jon. i’d add a simple note that the best software/computing businesses are almost always ‘platform’ businesses that enable larger ecosystems. take microsoft for example: by building out Windows they enabled hundreds of software and hardware businesses to flourish. as much value as msft has created for its shareholders it has actually created much more for the other companies in its orbit.

so how does edufire create a platform for education that actually gives away the majority of the value created by the system (payment to teachers; learnings to students)? that’s the m/billion dollar question.

By: Jivan Amara

Jivan Amara — Mon, 28 Jan 2008 12:14:17 +0000

…I still agree that economic empowerment is huge, and certainly a worthwhile result ;) .

By: Jivan Amara

Jivan Amara — Mon, 28 Jan 2008 12:12:15 +0000

I agree strongly with AdamD’s opinion. These companies do everything they can to help, or get out of the way when you want to do something. They listen closely to what users want, instead of trying to tell users what they should want.

By: jon

jon — Tue, 22 Jan 2008 03:56:38 +0000

Great comments all! All of you offered some interesting theories. The one that’s closest to mine (although not necessarily best of course) is Peter’s. eBay and Google made it easy (or easier) for people to earn a living online. Hundreds of thousands of people make a living (part time or full time) selling goods through eBay. I don’t know the number of people who make a living from AdSense but my guess is that it’s similarly high.

Facebook hasn’t entirely succeeded yet but I think it’s a pretty fair bet that no small part of their recent $15 billion valuation is due to what’s happened with the Facebook Apps which was driven by a ton of people thinking they might be able to make a living through Facebook.

MySpace, Yahoo and others never really gave people a chance to make a living on their platforms (although that’s changing).

Economic empowerment is huge (HUGE!). When you can give people the ability to earn a living doing what they’re most passionate about (e.g., selling Beanie Babies or blogging about sports cars) you have a tremendous opportunity in front of you.

This is pretty much what I think about 24/7. :)

Thanks again for all the comments. And please feel free to keep ‘em coming!!!

By: Michael Steuer

Michael Steuer — Thu, 17 Jan 2008 18:45:31 +0000

open up to 3rd parties and affiliates! I want an EduFire t-shirt! ;)

by the way – I would take the $600MM any day :p

By: Ranjit Mathoda

Ranjit Mathoda — Thu, 17 Jan 2008 17:28:37 +0000

They helped you connect to things you can trust. Google: websites you trust. Ebay: buyers/sellers you should trust. Facebook: connect better to the people you already trust.

By: guynameddave

guynameddave — Thu, 17 Jan 2008 15:33:07 +0000

First things first, friends get t-shirts not matter what, right? ;-)

I’d add to the above theories that all three are radically unselfish. That is, none of them mind if you go elsewhere. In fact, they encourage you and even push you to develop an identity not only on their sites, but on your own and beyond.

By: Amber

Amber — Thu, 17 Jan 2008 13:50:49 +0000

For me, the commonality is simple:

All three are highly addictive.

By: Peter

Peter — Thu, 17 Jan 2008 12:15:18 +0000

Google and eBay created a system that lets people make and spend money, and positioned themselves nicely in between taking a cut. If you help people make money you’re doing good. Actually, Facebook is trying to do that right now, but it’s far from clear whether they’ll succeed.

By: AdamD

AdamD — Thu, 17 Jan 2008 09:28:26 +0000

All three embraced their lack of control and let the users decide how things would be.

From the get-go, eBay understood that the crowd was right. The crowd sets the prices, the crowd is in control of the whole site.

Google did the same when they chose to rely on the crowd to determine the rankings via links (PageRank) and anchor text.

Facebook saw huge growth when they opened up their platform and let the crowd define what FB is.

Alright–that’s mine. But I really want to hear yours!