In Episode 1, the conclusion was that a thriving ecosystem only deserves the name if there are tangible network effects. But what the heck are network effects? The term is thrown around a lot, and often conflated with growth, scaleing, or virality.. but network effects are their own force with their own value. In this episode, Matt and Steven explore this world - from the economic theory to how Silicon Valley leveraged network effects to make some of the biggest startups we know and love. They take a look at LinkedIn, Slack, Fortnite - all the greats. We also learn that Matt is too old for TikTok (who knew?)