4.
Pipeline vs Platform advantages of platform (lecture 1 summary)
Answer: raw material, distribution.... no more. Platform enables interaction, growth from both ends, volunteer information to create value for the world is.
PRO=
1) scale more efficiently (expanding in size and number) by eliminating gate keepers who were not allowing a feedback loop to happen (e.g if I write a bad review to the restaurant, the gatekeeper could decide not to put the review only because the restaurant is trying to get successful, instead now every info is released, before the restaurant would just respond to the review with a feedback, think of it as a gate= info released or not, in or out)=just like amazon self publishing and editorials
2)Unlock new sources of value creation and supply (airbnb)
3) Growth is not just physical capital (airbnb is completely online, doesn\'t own rooms)
4)Use databased tools to create feedback loops
5)From inside to outside (personalization, the external people contribute , crowdsourcing and crowdfunding)