69 chunks · 49 episodes
...al but central complement to the ecosystem. This is especially true if you have network effects that cause your quality to go up with more users. Users are willing to use you even when you've grown big, because you don't have undue formal lever...
The cold start problem for network effects shows up because of friction of first use. E.g. "Do I want to trust this random startup with all my data?" In the current paradigm, the marginal use...
...there's some kind of self-improving product quality that grows with use, e.g. a network effect The question for a new feature's engagement is: what portion of the engagement is due to the self-selecting effect, and what portion is structurally ...
...tly more valuable than one that is not. Self-accelerating quality can come from network effects, ecosystem effects, etc. Most products do not have this property, but it's actually not that rare. It's just a subtle thing, hard to discern unless ...
...ble value). If you also have some kind of self-hoisting product quality (e.g. a network effect) then you have not only viability but also compounding returns and you might not need to distill much more of a vision.
...y of a thing is due to its intrinsic qualities, but also external factors (e.g. network effect, its broader ecosystem) The primary use case of a luxury brand is significantly higher intrinsic quality. The secondary use case of a luxury brand is...
...case (especially when there's some kind of self-improving quality of it, e.g. a network effect). You have to lead with your primary use case and sprinkle in the secondary use case as a bonus, at least to start.
... a good curve. The curve is the internal dynamics of the solution/context (e.g. network effects, PMF). Once found the curve is almost exogenous to the execution. Execution can only change the results above or below the curve by a few percentage...
...(Conway's law) Ecosystem (relying on third parties to create some of the value) Network effects If you base your value proposition on polish and coherence of your product suite, then it will not be automatically cohering.