Akimbo: A Podcast from Seth Godin Networks and lockin
19 snips
May 9, 2018 
Seth Godin discusses the impact of network effects and lock-in, using examples like King Gillette's razor business. He explores technology lock-ins, uniqueness in competitive markets, and transitioning from freelancer to entrepreneur.
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Gillette's Razor Business Model
- King Gillette did not invent shaving or the safety razor but revolutionized the business model.
- He sold razors cheaply and profited immensely from selling replacement blades repeatedly.
Network Value Grows Exponentially
- Network technologies gain value as more users connect, increasing power exponentially.
- Alexander Graham Bell's telephone system thrived due to standardized protocols enabling wide communication.
Network Effect Leads to Language Decline
- Languages disappear as parents teach dominant languages for their children's benefit.
- The value of connection causes fewer languages to exist because more connection creates greater value.