What is a marketplace business, and how does that model impact each aspect of a company’s strategy? How do you choose the right business model to succeed in a market-place driven world?
In today’s episode, we talked with Robert Preville, an expert on marketplace businesses, serial entrepreneur, and investor that has founded and led several high-growth companies. Robert is the founder and CEO of Kwipped, a B2B marketplace platform headquartered in Wilmington, North Carolina that matches businesses who need to rent equipment with a global network of rental suppliers.
In this interview, Robert discusses his personal experience and growth in the marketplace platform industry, and how his company Kwipped, is managing and sourcing from a global network of equipment suppliers, reducing risk, and building a trusting relationship between renters and suppliers. Along with Robert’s personal experience, you’ll hear his thoughts on how other companies are being successful using similar platforms, advice on choosing the right business model to succeed in the marketplace world, and the core challenges of starting out and succeeding with a marketplace platform.
Tune in for Robert’s discussion about his growth as a young entrepreneur during his formative years, his personal experience with marketplace models to his role as the founder and CEO of Kwipped. Find out more on how Robert and his fellow colleagues are disrupting the B2B equipment rental industry with their marketplace platform, Kwipped!
In this episode with Robert Preville, you’ll learn:
- What a marketplace model is and how it’s evolving for the future
- How companies can win with a marketplace model
- The challenging pieces of a marketplace business
- How to choose the right model to succeed in the marketplace world
- The lessons of choosing the right business model in the marketplace industry
- Companies that are being successful using a marketplace platform
- How the Kwipped platform is impacting the B2B equipment rental industry
Please enjoy this chat with Robert Preville!
- Listen to it on iTunes.
- Stream by clicking here.
- Download as an MP3 by right-clicking here and choosing “save as.”
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Robert Preville quotes from this episode of Igniting Startups:
“I think I was always attracted to a certain sense of freedom that came with entrepreneurship and creativity.” — @Rpreville on @PowderkegCo
“Because it’s so hard to control the value proposition or provide consistent you can control it but it’s hard to provide consistency to it because everybody gets something different out of it.” — @Rpreville on @PowderkegCo
“You know investors are making bets on the people you know. I think a bad idea well executed is going to pay off a lot a lot more than a great idea poorly executed.” @Rpreville on @PowderkegCo
“I think it’s important that anybody working, that’s interviewing for a job has to make sure that the company is the right fit for them.” @Rpreville on @PowderkegCo
Links and resources mentioned in this episode:
Companies and organizations:
- Open Table
- Blue Origin
- Greater Wilmington Business Journal
- One Million Cups
Venture capital firms:
Did you enjoy this conversation? Thank Robert on Twitter!
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What stood out most to you about what Robert share in this podcast?
For me, it’s the lessons of choosing the right business model in the marketplace industry.
You? Leave a comment below.
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