Controlling quality by owning more of the supply.
18 insights tagged with this pattern
Travel tech startups raised just $2.2 billion globally in the first three quarters of 2026 across 302 deals — on pace to be the lowest funding year since at least 2018. This is a sharp decline from $3.7 billion in 2025 and a fraction of the $12 billion raised in 2021. Deal volume
Anthropic launched a suite of enterprise reporting tools that show companies exactly what their AI spending produces — outputs, costs, friction points, and optimization recommendations. The move coincides with 900% net revenue retention figures and a planned IPO. Anthropic is als
Slingshot Insurance emerged from stealth with $27 million in seed funding to build infrastructure connecting vertical SaaS companies (distributors) with insurers (underwriters) for small, embedded insurance policies. The startup uses AI to automate data exchange between both side
Brendan Wallace, co-founder and CEO of Fifth Wall — one of the largest real estate technology investors with $3B under management — argues that AI is fundamentally redrawing the boundaries of what counts as proptech. Vertical software built specifically for real estate is losing
A wave of major AI-era deals — including Schneider Electric's $22.6B acquisition of PTC, ServiceNow's acquisition of Moveworks, and the Synopsys-OpenAI partnership — share a common logic: buying or partnering into established customer workflows rather than competing on AI capabil
DoorDash unveiled DoorDash Air, its drone delivery service, at its Dash Forward 2026 event. Rather than starting with the aircraft, the company first solved ground-level logistics: restaurant handoffs, packaging, and loading systems. The drone itself came last. The service is und
Vibe-coding platform Lovable crossed $600M in annualized revenue, up from $500M just three months prior. The platform, which lets non-technical users build apps through natural language prompts, now serves users at two-thirds of Fortune 500 companies. Apps built on Lovable collec
DoorDash is investing $425 million across two deals with Wonder, the ghost kitchen food hall company founded by Marc Lore. DoorDash is acquiring Wonder's Grubhub Campus Dining business for $300 million and injecting $125 million into Wonder's $650 million Series D round. Wonder,
Lyft has launched fully driverless Waymo robotaxis on its app in Nashville, marking its first commercial deployment of autonomous vehicles without a human operator. Under the partnership, Lyft handles fleet readiness, maintenance, and depot operations through its subsidiary Flexd
Google has signed a four-year deal to purchase 1 million carbon credits from Indian climate-tech startup Mitti Labs — the largest publicly announced rice-methane carbon credit deal to date. The credits are generated by paying Indian farmers to adopt flooding practices that cut me
A curated second-wave reading list reveals the strategic frameworks — platform dynamics, growth, data, and leadership — that scale marketplaces past the 0-to-1 stage.
Marketplace Studio and Nautical Commerce published a foundational guide outlining the core principles behind building and launching a marketplace. The piece targets non-technical founders and covers vision, MVP development, financial planning, trust infrastructure, and supply-dem
NFX partner James Currier coached Recess founder Jack Shannon on how to evolve from a two-sided sponsorship marketplace into a software-mediated market network. The conversation centered on three concrete problems: how to structure take rates to incentivize supply without destroy
a16z partner Li Jin published a framework for evaluating marketplace opportunities in regulated industries, where occupational licensing restricts supply. The core argument: as easy-to-build service marketplaces get saturated, the harder regulated verticals — home services, cosme
A16z analysts examined why consumer healthcare marketplaces have failed to scale at the same rate as other industries, despite healthcare representing roughly 12% of household spending. Only four healthcare companies made their Marketplace 100 list — all focused on mental health.
NFX General Partner James Currier published a tactical framework outlining 24 strategies specific to building B2B marketplaces. The piece argues that B2B marketplaces failed in the early 2000s due to immature infrastructure, low internet penetration, and founder unwillingness to
A16Z partners Li Jin and Andrew Chen published a framework mapping the four historical eras of service marketplaces — from Craigslist-style listings to managed marketplaces like Opendoor — and argued that the next major wave will be marketplaces that unlock regulated service indu
NFX General Partner James Currier identified a structural category of company that sits between a marketplace and a social network — called a 'market network.' Examples include HoneyBook (events), AngelList (venture), Houzz (home improvement), and DotLoop (real estate). These pla