This deck on marketplaces from SVB gives a great breakdown on the category.
One of the big takeaways is the extent of the winner takes all dynamics. Due to the network effects at play in marketplaces you would expect the leaders to be worth considerably more than the followers, but the analysis on slide 10 shows that it’s a surprising 10x+.
The other takeaway is that the marketplace category is approaching saturation. You can see that from slide 11 which shows that an increasing percentage of marketplace investments are in B and C rounds, and slide 12 which shows that over $2bn has been invested in transportation marketplaces and nearly $1bn each in food delivery, financial and hospitality. The opportunity now lies in the less obvious and more niche markets. The opportunity can still be large, but not Uber scale…