Canonical · Network Theory · Model
Metcalfe's Law
Robert Metcalfe · 1980
"A network's value grows roughly with the square of its users, which is why the first users of a network are the hardest to get and the last are nearly free."
Metcalfe sketched this on a slide in 1980, years before anyone called it a network effect: a network's value scales with the square of its connected users, not linearly.
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