> hardwork in developing a user base and repeat customers The ratio of revenue/visits/whatever metric craigslist has made in the last decade relative to their

> hardwork in developing a user base and repeat customers The ratio of revenue/visits/whatever metric craigslist has made in the last decade relative to their work is astronomical. They initially may have done hard work, but for most of their existence they have been reaping the continued benefits of winning a lottery 15 years ago. They have engaged in near zero innovation since securing a near-monopoly on online classifieds. > If Padmapper is that great, and I believe they are, then they will have no problem building up their own user base. Not necessary true. Craigslist is in a two-sided market, which favors the emergence of a monopoly. Padmapper currently makes the process of finding an apartment easier. The sister site Padlister is working on making offering easier, but the benefits are very small compared to what Padmapper offers renters. Eventually, Padmapper could displace craigslist, but its going to be a very long process. In the meantime apartment hunters suffer by having to utilize a significantly less efficient UI.