Understanding Network Effects and Being a Good Host

Network effects occur when a network becomes more valuable as new people join and contribute, connecting the members to more valuable information. Some communities have network effects, while others deteriorate with scale. Being a good host is crucial for making the community better for everybody else by leading, setting ground rules, and guiding the community through the experience. It involves establishing the culture, leading the event, and ensuring that people continue to get value as the community grows.