While platforms offer significant advantages, building one comes with its own set of challenges:
Critical Mass: Achieving a critical mass of users to generate network effects can be difficult and time-consuming. Trust and Safety: Ensuring trust and safety among participants is crucial and can be challenging to manage. Regulation: Navigating regulatory environments can be complex, especially for disruptive platforms like Uber. Competition: Competing against established platforms can be daunting, as they often benefit from strong network effects.