CMMN WLTH

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⫹⫺ Network Effects
www.cmmnwlth.io

⫹⫺ Network Effects

cmmn wlth 007

Andy Barr
Mar 8, 2021
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⫹⫺ Network Effects
www.cmmnwlth.io

Hello my friends,

This past week I came across an essay on The Dynamics of Network Effects and it got me thinking — how could I evolve this humble newsletter?

Newsletters are having a bit of a moment and while there are some advantages over social media - like audience ownership and no algorithm to compete with - they sacrifice the element of community.

Generally, newsletters abide by Sarnoff’s Law; the value of a network grows in proportion to the number of viewers — Value, being the content I’m sending you, and the motivation you give me to find new sources of creativity and inspiration.

A more powerful version of value creation is Metcalf’s Law which describes the exponential leverage that network effects create.

As an example: 83 of you subscribe to this newsletter which means I send signal to 83 people. Build a community with 83 people, apply Metcalf’s Law, and the potential number of connections increases to 3,321!

To try this out I have created a Twitter account.

Why? Because I believe it’s where the smartest people gather plus it’s not as spammy as LinkedIn or Facebook.

And the benefits for you?

  1. It opens up new opportunities by meeting like minded people.

  2. It keeps the conversation going in between newsletters.

I thought I’d run this as an experiment over the next few weeks so if you’re willing to give it a try click the button below:

Follow CMMN WLTH on Twitter

Otherwise, continue to expect an e-mail in your inbox every Sunday.

Your belief and trust mean a lot.

Let’s get into it,

Andy


Last Week’s Numbers

  • Weekly subscribers: +5% (79 —> 83)

  • Open rate: 56%


Product

  • Lateral Thinking With Withered Technology is a creation strategy that uses existing, ‘out dated’ technologies to create revolutionary products.

  • Using a technology called microfluidics, Gatorade Gx sweat patch measures your sweat rate and electrolyte content. Gatorade then recommends what you should drink before, during and after exercise.

  • Imitation is the greatest form of flattery, unless it’s Amazon stealing your design. Peak Design’s response is legendary.

Twitter avatar for @peakdesignltd
Peak Design @peakdesignltd
It's wacky, it's tacky. @amazon just Basic'd the Everyday Sling and we're not even mad.
youtube.comA Tale of Two Slings: Peak Design and Amazon BasicsFirst thing first: get your own googley-eye glasses for ridiculing unscrupulous business practices in 2 days or less with Amazon Prime: https://www.amazon.co...
5:25 PM ∙ Mar 3, 2021
755Likes256Retweets

People

  • Fear of failure can stifle innovation. As a leader you should treat failure and success the same.

  • $10,000 / hour work is a mental model that focus your mind on high value activities.

  • Do schools kill creativity? I recently revisited this talk from Sir Ken Robinson.

    Methods

  • Conventional wisdom often gets in the way of innovation. Working from first principles is one way to overcome it.

  • Steve Jobs’s explanation of the leverage that technology can create is one of the best analogies I’ve heard.

  • Here’s a cheat code for you: Do you ever find yourself scrambling to take a quick note or take down a phone number? Type doc.new into Google Chrome and it instantly opens a new google doc in your browser.


Out of Office

A fun little tool that tells you how much your Bitcoin investment would be worth had you not spent the money on stupid shit.

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