Why Platform?
Products have linear growth. Platforms have exponential growth.
The Transition
Phase 1: APIs
Let external developers integrate.
Phase 2: Marketplace
Let them build on top of you.
Phase 3: Ecosystem
Create dependencies that lock everyone in.
Examples
- Salesforce: AppExchange
- AWS: Partner network
- Shopify: App store
The Metrics
Track:
- Developer signups
- Third-party apps
- Platform revenue share
- Ecosystem size
The Barker Method
Platforms are the ultimate triangle. Everyone builds your business for you.
Network effects section is excellent. This is the leverage we discussed.