3min chapter

How I Built This with Guy Raz cover image

Expedia & Zillow: Rich Barton

How I Built This with Guy Raz

CHAPTER

Introduction

i'm gyras an on looks at how one man's frustrations with booking, travel and fine real estate led to two start ups that transform those industries forever. Back in 19 70, the economist george akerloff wrote what would become a ground breaking paper on a concept called information a symmetry. His basic idea was that sellers almost always have the upper hand in any transaction because they have more information about the product they are selling. It spawned a whole series of business ideas that set out to put an end to information a symmetry - things like carfax or vanguard. In the early nineties, a young microsoft employee named rich barton was obsessed with this kind of disruption

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