Bravo!! Thank you so much. I was reading Blitzscaling when I first heard about Network Effects and I didn't realize this before then and now I see that Network Effects are so vital in growing value for you startup. Thank you
You say that when the value of a network is equal to the number of nodes in the graph square ( V = N^2 ), we see geometrical growth, but I believe this is wrong and it should be exponential growth. Nonetheless, good video.
I am so glad I didn't read the book. This is how civilization works, especially when Adam Smith explained economics becoming exponentially valuable by adding potential contributors. You can think of shipping over history. Every new port creates a new market that is valuable to the entire shipping world, selling world, and creating products industries of goods to exchange. And remember Uber spent about a billion on marketing.
The value of a product(whether a piece of hardware like a phone or software like WhatsApp) increases as more people use it. Think about this: because both the phone & the WhatsApp app are communication tools, how valuable would they be if you were the only person using them? Understood now, huh?
Great video! This is exactly what I was looking for as an introduction to Network effects.
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Bravo!! Thank you so much. I was reading Blitzscaling when I first heard about Network Effects and I didn't realize this before then and now I see that Network Effects are so vital in growing value for you startup. Thank you
👍 BlitzScaling ❤️
Hey Peter -Thank you so much for this video presentation. Never been clearer and I have learned so much. Bravo! Basil
So good. Simple and practical
This one is great explanation to my research..
How come this is not a best video on the internet?
What are the example of negative network externality? (A company)
wow grate explanation. waiting for more videos
Thank you! Very helpful!!
It's amazing, how could we be part of it?
You say that when the value of a network is equal to the number of nodes in the graph square ( V = N^2 ), we see geometrical growth, but I believe this is wrong and it should be exponential growth.
Nonetheless, good video.
These all are a form of defense ability?
I am so glad I didn't read the book.
This is how civilization works, especially when Adam Smith explained economics becoming exponentially valuable by adding potential contributors.
You can think of shipping over history. Every new port creates a new market that is valuable to the entire shipping world, selling world, and creating products industries of goods to exchange.
And remember Uber spent about a billion on marketing.
theres nobody in the audience, is there?
Yes
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I still don’t know what a network effect is 🤦🏿♂️
The value of a product(whether a piece of hardware like a phone or software like WhatsApp) increases as more people use it.
Think about this: because both the phone & the WhatsApp app are communication tools, how valuable would they be if you were the only person using them?
Understood now, huh?
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