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Network Externalities

The benefits that a user of a technology gains as more people start using that technology.

[[The Long Tail]]

Disruptive Technology

Q: What is the innovator’s dilemma? A: A new competitor will come along with an inferior tech, that isn’t worth investing in for the company. However, the new tech competes on some other axis so succeeds, then eventually gets good enough that it starts to steal the company’s customers.