A note from Daniel

For AT&T's annual report in 1900, Vail references the core concept of the network effect but without the contemporary name: A telephone without a connection at the other end of the line is not even a toy or a scientific instrument. It is one of the most useless things in the world. Its value depends on the connection with the other telephone and increases with the number of connections.

Daniel Cold Start Problem, page 20 · September 1, 2023 Save to shelf
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