Much has been written about how marketplace businesses are disrupting and transforming the service economy (e.g., Required reading for marketplace startups: The 20 best essays). According to Andrew Chen, a general partner at Andreessen Horowitz, there are four network effects levers that make marketplaces powerful:
1. Product promotion = marketplace promotion
2. Shared experiences > same experiences
3. Shared experiences > owned experiences
4. More users, better product
As the higher education landscape continues to be reshaped by new business models, different players in the L&D space, and emerging technologies, how can the sector apply the four marketplace network effects to evolve a learning ecosystem?