Why Local Commerce Will Be Larger Than E-Commerce For The Next Decade, An Analysis

Editor's note:?Mike Ghaffary is?the vice president of business development at Yelp. Marc Andreessen and Reid Hoffman recently debated whether software would eat traditional retail, leaving no brick-and-mortar presence behind. Both noted that e-commerce is currently only 5 percent of retail in the U.S., while the other 95 percent is brick and mortar.

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