network effects

also referred to as: network effect

4 statements across 3 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Jul 21, 2023 by Benedict Evans · across every show →

Everything said about network effects, oldest first

Jul 21, 2023 neutral
Insight
Network-effect winners are threatened by unbundling, not direct clones
“Once you've won a space that has strong network effects, then the threat is not from something that's the same, but 10% better. The threat is from something that either solves the underlying problem in some completely different way or complete or unbundles you…”
Benedict Evans Jul 21, 2023 ▶ 2:04 Threads
Dec 20, 2025 neutral
Insight
Evans: Memory in AI chatbots creates stickiness, not network effects
“Memory is a feature and a stickiness, not network effect.”
Benedict Evans Dec 20, 2025 ▶ 8:26 How does OpenAI compete?
Feb 28, 2026 neutral
Insight
Evans: There are no network effects in building AI models yet
“There are no network effects in building the models yet. There may be in the future, but at the moment we don't know.”
Benedict Evans Feb 28, 2026 ▶ 1:56 The end of the network effect
Feb 28, 2026 bearish
Opinion
Evans: OpenAI lacks a technology lead, lock-in, or network effects
“If you're open AI, you've got, don't fundamentally have a technology lead. You're first among sequels at best. You've got this giant user base. That's not, that has very shallow usage and engagement. And it isn't really locked. It isn't locked in. It doesn't h…”
Benedict Evans Feb 28, 2026 ▶ 22:44 The end of the network effect
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