Look at the biggest businesses in tech: Apple, Microsoft, Google, Meta, Tesla. How did they get there? While the usual story—visionary leaders, big ideas, great execution, favorable market timing—is ...

High switching costs make it difficult, costly, or both for customers to switch from one supplier to another. Many software and service-related companies benefit from high switching costs; Automatic ...

Bitcoin’s price and ecosystem benefit from network effects. As more users join, demand pressure increases the price of bitcoin, which in turn attracts more buyers in a self-reinforcing cycle.

The world is much smaller than we think, and many of us have had the experience of meeting someone new and being astonished by the coincidence of how many friends or acquaintances we have in common.