If there is anything that the Silicon Valley worships it is the network effect. Startups are plucked from obscurity and elevated to fame and fortune. The list includes nearly every technology success story of the past 15 years. Apple, Facebook, Microsoft, eBay, and PayPal. Each have soared to multi-billion-dollar valuations on the power of the network effect.
Continue reading… “The network effect is not what it used to be”