Allowed Quote by Peter Fenton
“What Google did in Web 1.0 was take a feature, which was search, and built an entire business around that utility. In Web 2.0, Twitter took a feature, which is sharing, and built a utility that allowed people to do that on a massive scale.”
About This Quote
Source Speech: Talk at TechCrunch Disrupt, 2009
Early internet companies turned a single core function into a full business model, scaling it massively.
In simple terms: A single feature can become a whole business when scaled.
Key Takeaway
Identify and scale a core utility.
Themes
innovation
business models
scaling
technology
entrepreneurship
Mood
optimistic
strategic
Type
business
technology
When to use this quote
- startup strategy
- product development
- market expansion
- digital transformation
Key Concepts
platform economics
network effects
utility theory
Questions to Reflect On
- What core feature could you expand into a business?
- How can you ensure scalability without losing quality?
A Different Perspective
Scaling may overlook user experience or competition.
