Alibaba is one of the largest tech company in the world. It enjoys the prominence for its famous online marketplace which is known for delivering all kinds of products throughout the world. The e-commerce giant from China has a great share of business around the globe. Alibaba business model comprises of different activities of the leading B2B marketplace. Jack Ma is one of the founders of the Alibaba Group of companies. It is crazy when ...
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A business model is an integral part of an idea or a venture. A business cannot flourish if it does not have a robust business model and means of revenue generation. If you are someone with a prototype, your idea is worth nothing if you have not decided a business model yet. Venture capitalists want to invest money in projects that have a good return on investment. Hence, this is why most start up accelerators ask ...
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Fabrice Grinda and Alec Oxenford created OLX, an online marketplace, in 2006. OLX was started in Argentina and it further expanded to more than 41 countries worldwide. OLX enjoys a strong presence in markets such as Pakistan, India, Portugal, Poland, Philippines, Brazil, Nigeria, and Kenya. It serves as an alternative to Craigslist in countries where Craigslist does not exist. The Argentinian outfit received funding from various venture capitalists such as Bessemer Venture Partners, General Catalyst ...
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It may sound absurd but YouTube actually started out as a dating website. Jawed Karim, Steve Chen, and Chad Hurley created YouTube back on 14th February, 2005. All three of the founders were former PayPal employees who worked together to give us YouTube. YouTube was later bought by Google in November 2006 for a staggering amount of US$1.65 billion. This transaction brought the YouTube business model under the umbrella of Google. YouTube now operates as a ...
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Amway, short for ‘American Way’, is a multi-level marketing company that deals in beauty, health and home care products. Multi-level marketing is the new name of the age-old pyramid scheme that has been made illegal or strictly regulated in different parts of the world. Jay Van Andel and Richard DeVos started out Amway in 1959 from Ada, Michigan. Amway business model is a variation of network marketing. All the business proceedings are done through various affiliate ...
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Jack Dorsey, the founder of Twitter, posted the first ever tweet on 22nd of March, 2006. The tweet was pretty simple and only contained 24 characters (if we include spaces). Back then, it was the start of a new social media platform which now caters to 321 million active users as of 2018. Over the 13 year period, the social media platform has evolved. Twitter business model saw new additions too. After getting launched in ...
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Garret Camp came with the visionary idea of a ride-hailing company that would allow the users to call a cab to their location and go about their destination. The idea might have sounded absurd back in 2009, but Uber has come a long way since then. It would not be wrong to say that Uber has revolutionized the idea of hailing a cab. As of now, Uber is the largest multinational ride hailing company. Uber ...
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It is crazy how a simple idea such as providing living space and breakfast to visitors at your home can go a long way. This simple idea has changed how people travel around the world. The Airbnb business model has shown that even simple ideas can solve great problems. The business model proposed by the hospitality brand has made it easier for travelers to find quality shelter at modest rates. ...
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As absurd it may sound, but the cable TV is being slowly pushed towards obsolesce. Cable TV, which was considered a phenomenon, is being replaced by Netflix. It started out in 1997 when Reed Hastings and Marc Rudolph put it out as a rental for DVDs online. Over the course of years, the Netflix business model evolved, and now you can stream movies and TV shows on Netflix. As of ...
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When you mention classifieds to any American, the first thing that comes to their mind is Craigslist. Craigslist took off amidst the dot com bubble. What started in 1995 as an email distribution site, it has come a long way since then. Moreover, the Craigslist business model grew into a lucrative website that now handles around 50 billion views each day. So, you can literally say that most Americans resort to Craigslist when they need ...
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