In this episode, Erasmus Elsner is talking to Mike Ghaffary, GP at Canvas Ventures.
00:00 Intro
02:21 Swiss army knife of education
04:04 Business school after Dotcom bubble burst
05:06 Founding Stitcher
06:14 Focusing on news
08:03 Becoming CEO of Eat24
09:39 Growing Eat24 to $700m top line
10:45 Food delivery wars
11:55 Grubhub Partnership that never launched
13:12 Jeremy Stoppelman and Steve Jobs on search on mobile
14:30 Becoming a successful angel investor
15:35 Making the most expensive iPhone app ever
16:37 Angel investment in Strava
17:20 Angel investment in Superhuman
17:50 Joining Social Capital
19:58 Mike’s experience at Social Capital
20:28 CloudKitchens investment
21:30 HubHaus investment
22:37 Joining Canvas Ventures
24:04 Flyhomes investment
27:52 Marketplace Deep Dive
28:27 Lenny Rachitsky: focus on supply or demand side?
30:06 Thomas Eisenmann: Two-sided networks
30:57 Uber: demand side vs. supply side subsidies
32:09 Local vs. global network effects
33:24 Sarah Tavel (Benchmark) on unlocking new supply
34:21 Local delivery war zones
35:36 Uber Eats entering the market
37:04 Public vs. privately held delivery war contenders
38:54 Marketplace take rate
40:38 Out-of bound marketplace take rates
41:57 Zero percent take rate
