Marketplaces have grown to facilitate increasingly complex exchanges as they come online, and the enabling technologies have evolved in lock-step. These have ranged from basic text and images for classifieds like Craigslist, to social identity and trust for P2P sharing and location services for transport.

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Consequently, we're always looking for industries or environments that were previously analog, where exchange efficiencies can be created and the increase of participants strengthens the gains for all.

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Additionally, as great believers in unlocking entrepreneurial energy, we look for platforms that are creating new economies, for example tools that empower a new class of work, for individuals to create their own flexible, independent business.

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Finally, as most commerce comes online, we are excited to see developments in the tooling, from fraud to payments to identity - all things that will support the commerce revolution.