The irony is that people can get some of their most important work done outside of work, when they’re free to think and ponder. The struggle is that we take time off maybe once a year, without realizing that time to think is a key element of many jobs, and one that a traditional work schedule doesn’t accommodate very well.
Then, in March, Covid-19 hit. As shelter-in-place orders tore throughout the country, Yeti closed its new fleet of stores. Many of its primary wholesalers, including Dick’s Sporting Goods, laid off staff. In a matter of weeks, Yeti’s sales plummeted by 25%, and its share price tumbled almost 60% from February when it was about $38.
Arguably, Zoom’s virality has caused negative network effects, at least for me. The more people who join Zoom, the more Zoom happy hour invites I get, the worse my life becomes.
“We've seen this with other new internet platforms in the past — and YouTube is a great example — where you end up getting all these creators, and all this novel content, that you never would have gotten without the platform,” Ehrsam told me. “And I think something similar can happen here.”
The base layer is the final interface between the stack and the end user – which is typically an operating system tied to a piece of hardware. This is why atom-based network effects are so powerful: They help companies gain control of the most powerful layer of the stack.
Right now, we’re either witnessing a golden age of expertise or a crisis of expertise, depending on who you ask. It’s undeniable that technology has democratized access to high-quality information, data, and tools for research, creation, and distribution.
The manifold benefits of Remote or Hybrid are beginning to crystallize, a few of which are: No Commute, Live Anywhere, Increase Opportunity and Access, Find Better Talent, More time with family and friends.