Network Effects
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Network Effects
Flywheel Effect: Positive Feedback Loops - Eric Jorgenson — Eric Jorgenson
Eric Jorgensonejorgenson.com
Zoom’s simplicity is a strength when it comes to the company’s ability to grow its network. When the product concept and value is simple to describe, it makes them easier to spread from user to user, much like the “meme” coined by noted biologist Richard Dawkins in one of my favorite books, The Selfish Gene. You can copy and paste a Zoom link—it’s... See more
Andrew Chen • The Cold Start Problem by Andrew Chen
In more physical industries, there are generally diminishing marginal returns: the next acre you plant and next oil well you drill is probably not as productive as the last one—because if it were, you would have done it first! But the next user of a software platform is often more valuable than the previous one, because they increase the size of the network.
