1908 Network Effects
Network effects can be an important competitive advantage for companies. Though the importance of network effects must have been evident in Phoenician trading routes and 19th century railroad companies, the first reference to network effects that we know of comes in AT&T’s 1908 Annual Report describing the telephone business. It is worth a read.
Referenced In This Post
The Network Effects Manual: 13 Different Network Effects (and counting)Companies with the strongest types of nfx built into their core business model tend to win, and win big.