Key Points:
- Andrew talks about moats and how he identified network effects as a valuable growth tool (01:17)
- Andrew gives his thoughts on how collaborative use and networking have improved enterprise software across the board in the last decade (04:26)
- I give my thoughts on sustainable vs transient competitive advantages, with a clip from Rita McGrath (07:07)
- Andrew discusses how network effects can be used to revolutionize industries in surprising ways, for example AirBnB taking on hotels (09:00)
- Morgan Brown, VP of growth at Shopify, gives his thoughts on utilizing network effects (10:30)
- We discuss the Cold Start Problem, and how businesses need to work out what a network looks like to them, and kick start it with clever marketing and growth strategies (12:00)
- Tinder co-founder Sean Rad explains how Tinder targeted a specific use-case to make sure its atomic network grew the way they needed it to (14:00)
- We talk about the importance of establishing the minimum network to make your product viable, formulas for success, and some of the ways major firms like AppSumo and Uber built their atomic networks (15:45)
- Andrew talks about low-cost strategies for developing your atomic network (18:30)
- We discuss network effects in relation to web 3.0, crypto and NFT's (20:05)
- I ask Andrew about why some established companies struggle to build or maintain network effects (22:10)
- Author of the Innovator's Dilemma Clayton Christensen explains sustaining innovations (23:12)
- Andrew gives his thoughts on the failure of Google+ and the lessons we can learn (24:30)
- I give my thoughts on working out what an atomic network looks like for Wynter, and how different companies have taken advantage of (or failed in) network effects (26:30)
- Andrew talks about how he uses data to inform his potential investments, breaking down networks to see if a company is growing organically, has global appeal, or is more of a localized niche product (27:30)
- Wrap up (30:40)
Mentioned:
Notion
Asana
Slack
Tinder
Ebay
Craigslist
Appsumo
Convoy
Dropbox
Andreessen Horowitz (a16z)
My Links:
Twitter
LinkedIn
Website
Wynter
Speero
CXL
