2min chapter

My First Million cover image

#91 with Ben Askren - The UFC Star Turned Crypto Investor

My First Million

CHAPTER

How Can I Bootstrap the Network Effect?

The biggest companies in the world are all based on this network effect principle right now. It's extremely hard to compete with a network when they have network step network effects established like YouTube Or Twitter or anywhere else yeah. So for us on the outside better the sort of insurgent you know startup entrepreneurs that are trying to break in You were always thinking about how can I bootstrap the network effect? How can I create a system of incentives so that people want to join this new platform and not be on that old platform? And so one way to do that was this idea of well what if we gave the earliest people tokens and if you come a little later you get a little less token so it incentiv

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