Your Life Is Driven by Network Effects

Here’s the big change we all need to understand. The network itself is now the means of value creation, and thus wealth creation. Wealth, wisdom, power, and status all flow on the network...the big picture is that we can see each other and communicate about most things instantly and for zero marginal cost.

I would argue that there is almost no job, role, or career, that wouldn't benefit from you knowing more people than you do . Having more people to bounce ideas off than you do. Having more nodes in your decentralized brain to tap into. Spending the time to get good at this approach to building a network of people you know, adding value to their lif... See more

Network Effects are the foundation of many great Silicon Valley technology companies/ You need users to make a product work – network effects are the results of positively connecting people through technology which organically makes that technology better.

On Failure: I think seeing failure is really important. It’s important to learn the lesson of what didn't work, sometimes more so than learning the lesson of what did work.On Networking: Replace the word networking with relationships. Networking feels transactional; nobody wants to be networked. Your job in your 20s is to forge relationships and re... See more

Social experiments live and die by Network Effects, the prize for dealing with all of the human messiness upfront for the few social experiments that make it to the other side. Network effects can become so strong that it doesn’t matter how bad the bits a company produces are, people will stick around (ahem, Facebook).

Opportunity is a function of density

Opportunity is a function of surrounding oneself with successful people.

Studies show that individuals end up resembling their five closest friends in various aspects of life. While they may have similar incomes, their financial outcomes vary greatly.

To achieve financial security and success, it is advisable to be... See more

Social networks aren’t just the interface, or the algorithm, they’re also about the people in them. When I wrote “The Network’s the Thing” I meant it; the graph is inextricable from the identity of a social media service. Change the inputs of such a system and you change the system itself.

On the dimension of utility, Facebook's network effects continue to be pure and unbounded. The more people that are on Facebook, the more it's useful for certain things for which a global directory is useful. Even though many folks don't use Facebook a lot, it's rare I can't find them on Messenger if I don't have their email address or phone number... See more