FundersClub is an online VC, as in they’re using network effects to run a centralized yet community-driven VC firm.
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Andrew Chen writes in his book, The Cold Start Problem: Using Network Effects to Scale Your Product, how companies like Google, Uber, Dropbox, and Tinder use network effects to break through the competition and reach viral growth.
Network effects ...
A platform is an ecosystem that scales easily and encompasses features, users and partners. Platforms allow people to contact each other and exchange information. They make third party collaboration much easier. The platform is a business model.
Even large companies can b...
How to kick-start a product with network effects? This is what the cold-start problem refers to. It is one of the biggest problems for new startups. Andrew Chen, a VC, has some potential solutions:
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