Things with massive network effects are inherently wildly path dependent.
Small starting noise blown up to galactic proportions.
The slight bumpiness in the distribution of matter after the big bang determined where whole galaxies would form.
From other episodes
- Network effects are emergent value.2026-03-09
- If you're making a consumer product you have to demonstrate network effects.2026-02-02
- In terms of market dynamics, AI is more like microprocessors than the internet.2025-12-15
- Aggregator is just a polite word for a peculiar form of monopoly.2025-12-01
- AI is not a goldrush, it's a landrush.2025-11-10
- Workflows are hard to change because there's an intra and inter network effect.2025-10-20
- You can't start a network effect on a base with only bonus value.2025-10-13
- Data is not like oil, but sand.2025-10-13