December 2020Executive SummaryThe technology platform has emerged as the preeminent business model after many years in ascent. We use natural language processing to identify platform companies and show that they have significantly outperformed the stock market. Platforms’ powerful network effects generate positive feedback and monopoly dynamics, which are disrupting traditional valuation approaches.Read as PDFThe Rise of the PlatformMarch of the Unicorns 🦄Last week, Airbnb and DoorDash h...
