Entrepreneurship & Startups

Find a real problem and solve it

Novice

Mastery0%

Novice

Concept 12 of 20

settled

Network effects

Each new user makes the product better for everyone already on it.

Definition

A property where each new user makes the product more valuable to existing users, creating defensive moats and exponential adoption curves.

Step 1

In one or two sentences, what do you think this concept means? Wrong is fine; the small struggle is what makes the answer stick.