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Leverage network effects to build powerful businesses from "summary" of Zero to One by Peter Thiel,Blake Masters
Network effects are a powerful way to create value in a business. Simply put, the more users a product or service has, the more valuable it becomes to each user. This creates a positive feedback loop that can lead to exponential growth. However, not all network effects are created equal. Some are stronger than others, and the strongest network effects are those that create a virtuous cycle of increasing value. For example, consider the case of eBay. The more buyers there are on eBay, the more sellers are attracted to the platform. This in turn attracts even more buyers, creating a self-reinforcing cycle of increasing value. As a result, eBay is able to dominate the online auction market and fend off competitors who try to enter the space. This is the power of leveraging network effects to build a powerful business. But creating strong ...
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