What Do These Billion Dollar Businesses Have In Common?
What do all of these companies have in common?
Here are some things that have been said, while correct, they are not the essence of what makes these companies so valuable and so disruptive. For one, whichever service they offer, whether its transportation, housing, groceries, crafts, goods or space, no matter what it is that is being offered, none of it is ever “owned” by the company. Taxi drivers and car rental fleets own their cars, Hotels own their properties, grocery stores own their groceries, (albeit briefly), craft stores own their inventory, and leasers of office space own their space. So you might be forgiven if you said “they don’t own their inventory”