So, the focus for this month is Multi-Sided Platforms, and here’s the agenda for the event, to be held Monday May 27th at Global Tower:
Start at 7:30PM
7:30 – 8:10 What’s a Multi-sided platform? by Mijbel AlQattan
8:10 – 8:20 Mini-break
8:20 – 9:00 Interviewing with the founders of Next Mobile Payments – Sayed AlMohri
9:00 – 9:30 Networking
We’ll be posting more information about multi-sided platforms and an interview with Sayed in the coming few days. In the meantime, why don’t you share the event with your friends?
So this month in our StartupQ8 event, we are focusing on multi-sided platforms.
I thought the name sounded dense and technical. So I looked it up on Wikipedia, and multi-sided platforms are defined as “economic platforms having two distinct user groups that provide each other with network benefits”. Not much help.
But when you dig a little deeper, you’ll find that multi-sided platforms are everywhere. If a company has two distinct customer bases, and creates value by enabling them to interact, then it’s a multi-sided platform. For example, Facebook had to cater to users and advertisers, while Ebay had its buyers and sellers. It gets interesting when you consider how these companies have to grow one user base to attract the other.
PS: As always, the event will be in English.
PPS: For those who would like to pray, we’re arranging for Isha prayers to be held during the mini-break.