Chapter
Misconceptions About Network Effects
1:10:25 - 1:15:53 (05:27)
Network effects are often misunderstood in relation to the quantification of their value and the number of users. The principle issue is the assumption that the value grows to infinity with the number of users, but this is not a true feature of networks.
Clips
In this podcast, Bob Metcalfe discusses Medcalf's law which is about the quantification of the network effect and its misconception in the tech world.
1:10:25 - 1:14:37 (04:11)
Summary
In this podcast, Bob Metcalfe discusses Medcalf's law which is about the quantification of the network effect and its misconception in the tech world. He also shares his perspective on netoid function, a way to restrict the value of the network to the number of people in the universe.
ChapterMisconceptions About Network Effects
Episode#297: Bob Metcalfe — The Man (and Lessons) Behind Ethernet, Metcalfe’s Law, and More
PodcastThe Tim Ferriss Show
Discussion of the impact of Metcalfe's Law on Facebook's growth at an early meeting with Mark Zuckerberg and Sheryl Sandberg ended in confusion as they had never heard of it, leading to a complete collapse of the meeting.
1:14:37 - 1:15:53 (01:15)
Summary
Discussion of the impact of Metcalfe's Law on Facebook's growth at an early meeting with Mark Zuckerberg and Sheryl Sandberg ended in confusion as they had never heard of it, leading to a complete collapse of the meeting.