Marketplaces by their nature tend to grow faster than most other companies.
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As they grow, companies saturate their markets, become more complex and difficult to manage, and face larger and more entrenched competitors.
Companies that grow for the sake of growth or that expand into areas outside their core business strategy often stumble. On the other hand, companies that build scale for the benefit of their customers and shareholders more often succeed over time.
By definition, as a company scales rapidly, it adds people quickly.
As I spent tons of time with customers, not just in the United States, but in emerging markets, in Europe, in Latin America, top of mind for everybody is how do they drive growth for their business going forward.
It's no surprise companies that quickly grow in value attract those who may want to also profit from the hard work of others.
As a small company our fastest way to market was going to be by working with other retailers that were known for pioneering new technologies and categories.
Consequently, a young business often grows by large percentages. Mature businesses rarely do.
In general, great companies prefer to grow 'organically,' as Wall Street likes to say. That is, from the inside out, by finding new markets or by taking market share from their competitors.
Anytime there is a new, interesting space that comes along, there are a bunch of companies that enter the market.
I think businesses live longer that are on the stock market.
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