Investor Connect Podcast

Open Platform vs. Closed Platform

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Open platform vs. closed platform is a key concept in the startup ecosystem.

It defines how the startup will interact with customers, partners, and others.

A closed platform is one in which the startup restricts access in order to monetize its content.

It’s often called a “walled garden” which one must pay to enter.

An open platform is one in which anyone can access the content.  

Open platforms often allow connectivity to other software tools to provide additional functionality.

The user can access the site and create their own content from it.

Open platforms work best when the customer needs to use the content within their own application.

A closed platform offers the content as is and does not provide connectivity to outside applications.

The benefit of a closed platform is a higher level of security and quality of content.

Closed platforms work best for customers who need only the content as provided and don’t need to integrate it with other content.

Monetization in closed platforms occurs at the access points.

Monetization in open platforms occurs elsewhere such as providing premium services.

Consider both options for your startup.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

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Music courtesy of Bensound.

Direct download: Open_platform_vs._close_platform.mp3
Category:general -- posted at: 5:00am CST

On this episode of Investor Connect, Hall welcomes Jason Jacobsohn, Founder and Managing Partner at Propellant Ventures.

Located in Chicago, IL, USA, Propellant Ventures is a Seed stage venture capital fund that invests in the growth of Chicago and the greater Midwest across a broad range of powerful, diverse, and leading-edge B2B industries such as healthcare, future of work, supply chain, fintech, and edtech.

Propellant Ventures recognizes that it can be a challenge for early-stage entrepreneurs to raise venture capital. That's why they see that as a tremendous opportunity to be that capital partner at the initial stages of growth.

Jason is well known in the Chicago area as a “connector” and go-to person for entrepreneurs who want to grow and maintain their success. Prior to launching Propellant Ventures, he was a Principal at Bascom Ventures, which is a venture capital fund that invests in seed, growth, and later-stage companies with a Wisconsin alumni connection. 

In addition, Jason launched and currently runs the Chicago chapter of Founder Institute, which is the world’s largest pre-seed startup accelerator, with chapters across 220+ cities around the world. Jason received his MBA from DePaul University and his BBA from the University of Wisconsin-Madison.

Jason helps early-stage entrepreneurs in the Midwest region, find their way to success.  

Visit Propellant Ventures at www.propellant.vc , and on www.linkedin.com/company/68292696/admin

Reach out to Jason at jason@propellant.vc, www.linkedin.com/in/jasonjacobsohn, and on @jasonjacobsohn.

 

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org  

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
For Startups check out: https://tencapital.group/company-landing/ 
For eGuides check out: https:/_/tencapital.group/education/ 
For upcoming Events, check out https://tencapital.group/events/  

For Feedback please contact info@tencapital.group   

Please follow, share, and leave a review.

Music courtesy of Bensound.

Direct download: Jason_Jacobson_of_Propellant_Ventures.mp3
Category:general -- posted at: 5:00am CST

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