The Founders' List: Status, Wealth, & Power: Network Effects Demand A New Social Contract
Update: 2021-07-30
Description
This is The Founders’ List – audio versions of essays from technology’s most important leaders, selected by the founder community.
Network effect businesses are reshaping the world. Network effects are still the best and most powerful force we know to create persistent value for billions of people. However, we think that too little has been said about how society should adapt to these new network effect behemoths we’re helping create.
NFX Partner James Currier outlines how the network economy works, and how power, wealth, and status all flow on the network. He then looks at the implications of this and finally specific ideas for Founders about what these new social contracts could look like.
Read the full NFX essay here - https://www.nfx.com/post/network-economy/
Network effect businesses are reshaping the world. Network effects are still the best and most powerful force we know to create persistent value for billions of people. However, we think that too little has been said about how society should adapt to these new network effect behemoths we’re helping create.
NFX Partner James Currier outlines how the network economy works, and how power, wealth, and status all flow on the network. He then looks at the implications of this and finally specific ideas for Founders about what these new social contracts could look like.
Read the full NFX essay here - https://www.nfx.com/post/network-economy/
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