--- title: "Meaning & Key Takeaway of: A platform is essentially a business…" description: "\"A platform is essentially a business model that thrives because of the participation and value added from third parties with only incremental effort fr..." image: "https://sms4smile.com/quotes/i/80b/om-malik-6737_because_a-platform-is-essentially-a-business-mod_620969.jpg" --- # A platform is essentially a business model that thrives… ![“A platform is essentially a business model that thrives because of the participation and value added from third parties with only incremental effort from the owner of the platform.” quote by Om Malik](https://sms4smile.com/quotes/i/80b/om-malik-6737_because_a-platform-is-essentially-a-business-mod_620969.jpg) [Download](https://sms4smile.com/quotes/i/80b/om-malik-6737_because_a-platform-is-essentially-a-business-mod_620969.jpg) [Open image](https://sms4smile.com/quotes/i/80b/om-malik-6737_because_a-platform-is-essentially-a-business-mod_620969.jpg) > “A platform is essentially a business model that thrives because of the participation and value added from third parties with only incremental effort from the owner of the platform.” [Om Malik](https://sms4smile.com/quotes/author/om-malik/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Platforms succeed by leveraging third‑party contributions while the owner does minimal work. **In simple terms:** Platforms thrive on third‑party value with little owner effort. Key Takeaway Focus on enabling others to add value. Themes business technology innovation Mood analytical strategic Type explanatory insightful When to use this quote - startup launches - software marketplaces - content aggregators Key Concepts network effects ecosystem lean management Questions to Reflect On - How can you ensure quality contributions? - What incentives keep partners engaged? A Different Perspective Reliance on third parties can create quality control issues. ★ ★ ★ ★ ★ No ratings yet [Business](https://sms4smile.com/quotes/about/business/) [Effort](https://sms4smile.com/quotes/about/effort/) [Value](https://sms4smile.com/quotes/about/value/) ## Related quotes > [My job is to create a business model that's built on a platform that has the ability to change quickly.](https://sms4smile.com/quotes/kenneth-cole/my-job-is-to-create-a-business-model-that-s-built-on-a-platform-that/) [Kenneth Cole](https://sms4smile.com/quotes/author/kenneth-cole/) > [I think the emotional appeal of a platform is what works. I think the old-media entities still have not figured out that part of…](https://sms4smile.com/quotes/om-malik/i-think-the-emotional-appeal-of-a-platform-is-what-works-i-think-the/) [Om Malik](https://sms4smile.com/quotes/author/om-malik/) > [If you ask me, 'So what is your business model?' Our business model's always about shifting to higher value opportunities.](https://sms4smile.com/quotes/ginni-rometty/if-you-ask-me-so-what-is-your-business-model-our-business-model-s/) [Ginni Rometty](https://sms4smile.com/quotes/author/ginni-rometty/) > [As newly created P2P businesses disrupt the status quo and compete with established companies, they face the difficulty of fitting a square peg into…](https://sms4smile.com/quotes/sam-graves/as-newly-created-p2p-businesses-disrupt-the-status-quo-and-compete/) [Sam Graves](https://sms4smile.com/quotes/author/sam-graves/) > [The exploitation agenda advocated by liberals is modeled after the dependency-inducing design of the drug dealer's business model: "We'll supply the first hit for…](https://sms4smile.com/quotes/angela-mcglowan/the-exploitation-agenda-advocated-by-liberals-is-modeled-after-the/) Angela McGlowan > [Burger King's business model was broken. But it was like sex in the '50s. Everyone knew it, but no one would talk about it.](https://sms4smile.com/quotes/greg-brenneman/burger-king-s-business-model-was-broken-but-it-was-like-sex-in-the/) [Greg Brenneman](https://sms4smile.com/quotes/author/greg-brenneman/) > [“It was in Cleveland that Magic Slim became the most successful pornographic film producer in America. His training center was a key link in…](https://sms4smile.com/quotes/nick-hahn/it-was-in-cleveland-that-magic-slim-became-the-most-successful/) [Nick Hahn](https://sms4smile.com/quotes/author/nick-hahn/) > [“structure of the social division of labor. Many firms and industries must make fundamental changes to long-held business models in order to adapt. Further,…](https://sms4smile.com/quotes/eric-von-hippel/structure-of-the-social-division-of-labor-many-firms-and-industries/) [Eric von Hippel](https://sms4smile.com/quotes/author/eric-von-hippel/) > [The problem with Wal-Mart is that it's a business model premised on offering the customer low prices at any cost - any cost to…](https://sms4smile.com/quotes/liza-featherstone/the-problem-with-wal-mart-is-that-it-s-a-business-model-premised-on/) Liza Featherstone > [As business models evolve, as the way you distribute content evolves, as the ability to do things online changes in terms of pricing or…](https://sms4smile.com/quotes/bobby-kotick/as-business-models-evolve-as-the-way-you-distribute-content-evolves/) [Bobby Kotick](https://sms4smile.com/quotes/author/bobby-kotick/) > [In my experience, in the real-estate business past success stories are generally not applicable to new situations. We must continually reinvent ourselves, responding to…](https://sms4smile.com/quotes/akira-mori/in-my-experience-in-the-real-estate-business-past-success-stories-are/) [Akira Mori](https://sms4smile.com/quotes/author/akira-mori/) > [“Network marketing was once seen as a business model for those who do not have something going on in their lives or who does…](https://sms4smile.com/quotes/olawale-daniel/network-marketing-was-once-seen-as-a-business-model-for-those-who-do/) [Olawale Daniel](https://sms4smile.com/quotes/author/olawale-daniel/) > [I always admired Netflix's business model; they are really good at what they do.](https://sms4smile.com/quotes/colleen-ballinger/i-always-admired-netflix-s-business-model-they-are-really-good-at/) [Colleen Ballinger](https://sms4smile.com/quotes/author/colleen-ballinger/) > [“Compared with working just to make a living, it’s much easier to do what you love and get paid for it. You just have…](https://sms4smile.com/quotes/chris-guillebeau/compared-with-working-just-to-make-a-living-it-s-much-easier-to-do/) [Chris Guillebeau](https://sms4smile.com/quotes/author/chris-guillebeau/) > [Napster has pointed the way for a new direction for music distribution, and we believe it will form the basis of important and exciting…](https://sms4smile.com/quotes/barry-diller/napster-has-pointed-the-way-for-a-new-direction-for-music/) [Barry Diller](https://sms4smile.com/quotes/author/barry-diller/) ## More by Om Malik > [Business, much like life, is not a movie, and not everyone gets to have a storybook ending.](https://sms4smile.com/quotes/om-malik/business-much-like-life-is-not-a-movie-and-not-everyone-gets-to-have/) [Om Malik](https://sms4smile.com/quotes/author/om-malik/) > [I worry about Google's data ethics and about the idea of handing over the corpus of my life, but I can't deny that it…](https://sms4smile.com/quotes/om-malik/i-worry-about-google-s-data-ethics-and-about-the-idea-of-handing-over/) [Om Malik](https://sms4smile.com/quotes/author/om-malik/) > [On my end, I am still surprised that many media organizations are unable to adapt to new media formats and, more importantly, new network…](https://sms4smile.com/quotes/om-malik/on-my-end-i-am-still-surprised-that-many-media-organizations-are/) [Om Malik](https://sms4smile.com/quotes/author/om-malik/) > [Mindfulness is natural when you do not need to think about minor daily problems like making a living!](https://sms4smile.com/quotes/om-malik/mindfulness-is-natural-when-you-do-not-need-to-think-about-minor/) [Om Malik](https://sms4smile.com/quotes/author/om-malik/) > [I think the emotional appeal of a platform is what works. I think the old-media entities still have not figured out that part of…](https://sms4smile.com/quotes/om-malik/i-think-the-emotional-appeal-of-a-platform-is-what-works-i-think-the/) [Om Malik](https://sms4smile.com/quotes/author/om-malik/) > [Its definition can be a bit murky, but to me, native advertising is a sales pitch that fits right into the flow of the…](https://sms4smile.com/quotes/om-malik/its-definition-can-be-a-bit-murky-but-to-me-native-advertising-is-a/) [Om Malik](https://sms4smile.com/quotes/author/om-malik/) > [Most competition in Silicon Valley now heads toward there being one monopolistic winner.](https://sms4smile.com/quotes/om-malik/most-competition-in-silicon-valley-now-heads-toward-there-being-one/) [Om Malik](https://sms4smile.com/quotes/author/om-malik/) > [Photography has always been about capturing light.](https://sms4smile.com/quotes/om-malik/photography-has-always-been-about-capturing-light/) [Om Malik](https://sms4smile.com/quotes/author/om-malik/) > [The marriage of computing and connectivity without the shackles of being tethered to a location is one of the biggest disruptive forces of modern…](https://sms4smile.com/quotes/om-malik/the-marriage-of-computing-and-connectivity-without-the-shackles-of/) [Om Malik](https://sms4smile.com/quotes/author/om-malik/) > [Sure, Google's and Apple's ecosystems look a little different, but they are meant to do pretty much the same thing. For the two companies,…](https://sms4smile.com/quotes/om-malik/sure-google-s-and-apple-s-ecosystems-look-a-little-different-but-they/) [Om Malik](https://sms4smile.com/quotes/author/om-malik/) > [As an online journalist, newswire journalist, newspaper writer, I wrote every day. My whole thing was, 'I have to write and report and write…](https://sms4smile.com/quotes/om-malik/as-an-online-journalist-newswire-journalist-newspaper-writer-i-wrote/) [Om Malik](https://sms4smile.com/quotes/author/om-malik/) > [From analog film cameras to digital cameras to iPhone cameras, it has become progressively easier to take and store photographs. Today, we don't even…](https://sms4smile.com/quotes/om-malik/from-analog-film-cameras-to-digital-cameras-to-iphone-cameras-it-has/) [Om Malik](https://sms4smile.com/quotes/author/om-malik/) > [A lot of what people are calling 'artificial intelligence' is really data analytics - in other words, business as usual. If the hype leaves…](https://sms4smile.com/quotes/om-malik/a-lot-of-what-people-are-calling-artificial-intelligence-is-really/) [Om Malik](https://sms4smile.com/quotes/author/om-malik/) > [I know I am not alone in struggling with Facebook and how we experience it through its news feed.](https://sms4smile.com/quotes/om-malik/i-know-i-am-not-alone-in-struggling-with-facebook-and-how-we/) [Om Malik](https://sms4smile.com/quotes/author/om-malik/) > [Everybody's trying to repeat the past with the new network, with new devices and new tools. Why not make something brand-new?](https://sms4smile.com/quotes/om-malik/everybody-s-trying-to-repeat-the-past-with-the-new-network-with-new/) [Om Malik](https://sms4smile.com/quotes/author/om-malik/) [Explore all 98 Om Malik quotes ](https://sms4smile.com/quotes/author/om-malik/) ## More Because quotes > [One is a painter because one wants so-called freedom; one doesn't want to go to the office every morning.](https://sms4smile.com/quotes/marcel-duchamp/one-is-a-painter-because-one-wants-so-called-freedom-one-doesn-t-want/) [Marcel Duchamp](https://sms4smile.com/quotes/author/marcel-duchamp/) > [I gave my archive to Emory University because there's a really dear friend who teaches there, Rudolph Byrd, and he's the editor.](https://sms4smile.com/quotes/alice-walker/i-gave-my-archive-to-emory-university-because-there-s-a-really-dear/) [Alice Walker](https://sms4smile.com/quotes/author/alice-walker/) > [Because of the womb being a central phenomenon in the feminine body, the whole psychology of woman differs: she is non-aggressive, non-inquiring, non-questioning, non-doubting,…](https://sms4smile.com/quotes/rajneesh/because-of-the-womb-being-a-central-phenomenon-in-the-feminine-body/) [Rajneesh](https://sms4smile.com/quotes/author/rajneesh/) > [I love casting against type and doing things you wouldn't expect, because I think you get more interesting performances that way. 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I like to bang the…](https://sms4smile.com/quotes/elmore-leonard/it-took-me-20-years-to-buy-an-electric-typewriter-because-i-was/) [Elmore Leonard](https://sms4smile.com/quotes/author/elmore-leonard/) > [I was also known as Frodo because I was an early adopter of 'The Lord of the Rings.](https://sms4smile.com/quotes/tom-perrotta/i-was-also-known-as-frodo-because-i-was-an-early-adopter-of-the-lord/) [Tom Perrotta](https://sms4smile.com/quotes/author/tom-perrotta/) > [I believe in taxation and health care that is outside the usual libertarian mandate, because I don't want people to have to suffer. It's…](https://sms4smile.com/quotes/neil-peart/i-believe-in-taxation-and-health-care-that-is-outside-the-usual/) [Neil Peart](https://sms4smile.com/quotes/author/neil-peart/) > [It's like saying French shouldn't be taught because you don't understand it because it's new. Shakespeare is just like learning a new, exciting language.](https://sms4smile.com/quotes/samuel-barnett/it-s-like-saying-french-shouldn-t-be-taught-because-you-don-t/) [Samuel Barnett](https://sms4smile.com/quotes/author/samuel-barnett/) > [Whether it was Little League or playing with your brothers or sisters, that was always a problem. If I would lose - because I…](https://sms4smile.com/quotes/cal-ripken-jr/whether-it-was-little-league-or-playing-with-your-brothers-or-sisters/) [Cal Ripken, Jr](https://sms4smile.com/quotes/author/cal-ripken-jr/) > [Sometimes, when full and in fear that I will continue to eat unwanted food just because it's staring at me, I will place my…](https://sms4smile.com/quotes/rachel-nichols/sometimes-when-full-and-in-fear-that-i-will-continue-to-eat-unwanted/) [Rachel Nichols](https://sms4smile.com/quotes/author/rachel-nichols/) > [I didn't want to do 'Fashion Police' because I thought, 'This is stupid, this is beneath me, who wants to talk about fashion?' 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