data network effects

“If you can really show that you're charging 20, 30, 40% more than the competition, that's a, and they're actually willing to pay for it, and they're switching from a lower priced product, either they're totally irrational, they say, hey, I want to lose more mo…”

“And in fact, the value of the number two person goes to zero. Because they actually have a demonstrably poor product, which is why there aren't really any competitors to eBay.”

“You're never going to get to a network effect if it's a, if there are 25 companies doing exactly what you do, and they're all about the same size, and nobody gets the big, that nobody has like a just demonstrably better system, then the data is actually, it lo…”

“The intriguing thing is about, ah, data network effect never goes off patent.”

“Data network effects never go off patent. They just get stronger and stronger and help companies grow even after, even decades after.”