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14 results for “ecosystem building”
It correlates what I did with what the outcome is and then it can take that learning and spread it to everyone else in the network, hence the concept of network. And that's what we think makes these businesses so powerful because there's an inherent
6:42 / 7:51
from transcript6:42 – 7:51
Hugely discussed in Silicon Valley everywhere. Everybody knows what network effects are. But one of the things you talk about in the book that I think is so accurate and I've observed as an investor, you can talk about network effects till the cows c
26:57 / 28:00
from transcript26:57 – 28:00
Wow. David's got laser eyes over there in the corner. I know. To me, I think network effects are for any blockchain, the number one thing that any of them have. And and this one actually works in a couple of ways. One, there's kind of the concept tha
2:25:29 / 2:26:30
from transcript2:25:29 – 2:26:30
And you could say anything that their network affects and there's power, you could call that might be one choice. And Chen Yi and I are currently debating this. And so there's another choice, which is the one that I'm currently going down, which is t
1:05:16 / 1:06:15
from transcript1:05:16 – 1:06:15
...for building around these compounding forces? Yeah. It's a really interesting question. I mean, one argument would be the Internet. I think there's a decent argument. I was actually having this argument at one of our partner offsites. Not argument, b
11:53 / 13:11
from transcript11:53 – 13:11
that community. We've done that for a lot of high net worth sort of family office communities. Where they don't necessarily wanna be connected to everybody, but they wanna be connected within the community. And especially as that community gets busie
20:57 / 22:05
from transcript20:57 – 22:05
there's, you know, Prospera, which has mini circle, and it's inspired by the biotech innovations. Yeah. And then there's another one that's booting up, which is inspired by all the educational innovations. Yeah. And so so the digital is inspiring the
5:56 / 7:04
from transcript5:56 – 7:04
But also, there are social features that I think become essential. These things are all degrees, right? Google Docs, I love Google Docs, I use it, I use the social features, the reality is, is it really a network? Like, I could probably switch and th
8:09 / 9:30
from transcript8:09 – 9:30
a company that has network effects but did not develop network economies power? So I think network effects in the types of things that we've been talking about in this episode are common. You know, it's when a driver joins Uber, he makes the platform
1:04:30 / 1:05:32
from transcript1:04:30 – 1:05:32
Yep. And then you get into to things on the other side of the spectrum that have no utility and are pure network effects like the telephone. I mean, if you have a communication network, the only purpose of it is to talk to other people on the network
11:15 / 12:15
from transcript11:15 – 12:15
And we believe a core reason that's the case is because almost no enterprise software companies have true network effects inherent in their business. I would say Zoom, you could argue. Argue. Zoom has viral effects Okay. In the sense that, like, it,
7:12 / 8:30
from transcript7:12 – 8:30
the thing that kinda matters is owning a valuable network. The idea that people are going to come and give you their attention, and you own the place that they connect with other people that they authentically, verifiably know. That's the scarce comm
4:09:45 / 4:10:52
from transcript4:09:45 – 4:10:52
it's funny you say that because, I myself actually had not thought of that before in quite that way as the analogy to the web browser. But once you do snap all these pieces here, then that itself becomes a platform for other things. Yes. Exactly. Exa
5:16 / 6:18
from transcript5:16 – 6:18
going and using all of their scale to amplify your own go to market motion. Yep. I think this is also true. With network economies and network power, the more participants in a network, the greater complexity grows and the harder it is to actually pu
3:08:58 / 3:10:01
from transcript3:08:58 – 3:10:01
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