2min chapter

My First Million cover image

How Raoul Pal 10X-ed His Money with Crypto and Retired to the Beach

My First Million

CHAPTER

Network Effects - What Is It and How Does It Work?

Network f faces describes a phenomenon that every participant that joins the network makes the whole network more valuable. It's like the opposite of, ik a popular night club, where everybody who joins makes the thing sort of diminishes the popularity over time. The single most important interesting part of network effects an the fact that you can own a share of the network.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode