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Network Effects
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Bill Seitz is a Product Manager/CTO with a track-record of bringing a business perspective to building agile product-development teams for start-ups, and is seeking a senior role in an entrepreneurial organization building disruptive Internet-driven products.
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last edited
by BillSeitz
on
Nov 21, 2008 4:24 am |
aka Network Effect
When "belonging" to the network becomes more valuable the greater the number of members.
One fax machine in the world has no value. When there's lots of fax machines, then they have value. (Which doesn't mean the market price continues to go up.)
Associated with the Complexity Theory issue of LockIn. See Brian Arthur on Increasing Returns.
Bill Seitz, fluxent at gmail dot com, Weblog