Network Effects | The Great Reshuffle Ep. 2

0:00

So if you look at history, basically it's a flat line.

0:05

If you go back to one AD, and then the Roman Empire ends, and then we go through a thousand years of darkness, where people are really not innovating or doing anything.

0:18

other than subsisting and you move forward in time, you see the beginnings of network effects and they are crucial in advancing human, innovation and progress.

0:29

A lot of people think that it's the technology that is doing this. That's not true at all.

0:36

It is humans' ability to interconnect with one another via this technology, which is again, just a tool that allows us to be where we are right now, which is essentially a hockey stick of exponential growth.

0:52

Don Tapscott said your network is your filter.

0:57

And I think there's a lot of truth to that.

0:59

When you look at sort of the in-group verse out-group, Trib being up.

1:03

when you are in an environment where you're just within your own tribe, you're just hearing an echo chamber.

1:10

What I see coming now is the massive network that is global, facilitated by the tools of technology, but at the end of the day, it's we humans connecting with one another that are gonna make all the difference.

1:26

If I have one phone, it's useless, right?

1:29

The network effect takes place when everybody has a phone.

1:33

Then communication is truly global and ubiquitous.

1:37

So we're moving into a period where I believe networks are going to become much more important, not less.

1:45

They're gonna become more important because we're going to be able to add a great deal of different skill sets, different cognitive abilities, different desires, and the ability for a large network to work on these issues collaboratively is going to be a game changer for us So as we move forward and as tools get easier and easier to facilitate this human pairing up, we are going to see more and. Wonderful ideas.

2:15

More and more innovations, more and more failures too, because the aspect of things is we're gonna try a bunch of different things and some of 'em are gonna fail, but they will add to our knowledge and that itself will feed back into the network.

2:18

[00:02:43] So what we're getting is a sped up, cycle where we get feedback instantaneous.

2:19

And then when that happening, we're gonna be able to iterate much more quickly than we could in the past.

2:21

Think about,the United States before radio.

2:22

I mentioned the book earlier by Bill Bryce in America, 1927.

2:23

[00:03:04] We're really in the infancy of this effect, and I believe that we are going to see profound exponential growth because of our ability to network all of these various skills together in what I've called the human Colossous.

2:25

[00:00:00] So if you look at history, basically it's a flat line.

2:27

If you go back to one AD, and then the Roman Empire ends, and then we go through a thousand years of darkness, where people are really not innovating or doing anything.

2:29

other than subsisting and you move forward in time, you see the beginnings of network effects and they are crucial in advancing human, innovation and progress.

2:31

[00:00:31] A lot of people think that it's the technology that is doing this. That's not true at all.

2:33

It is humans' ability to interconnect with one another via this technology, which is again, just a tool that allows us to be where we are right now, which is essentially a hockey stick of exponential growth.

2:36

[00:00:55] Don Tapscott said your network is your filter.

2:37

And I think there's a lot of truth to that.

2:38

When you look at sort of the in-group verse out-group, Trib being up.

2:39

when you are in an environment where you're just within your own tribe, you're just hearing an echo chamber.

2:41

[00:01:13] What I see coming now is the massive network that is global, facilitated by the tools of technology, but at the end of the day, it's we humans connecting with one another that are gonna make all the difference.

2:44

[00:01:29] If I have one phone, it's useless, right?

2:45

The network effect takes place when everybody has a phone.

2:46

Then communication is truly global and ubiquitious.

2:47

[00:01:41] So we're moving into a period where I believe networks are going to become much more important, not less.

2:49

They're gonna become more important because we're going to be able to add a great deal of different skill sets, different cognitive abilities, different desires, and the ability for a large network to work on these issues collaboratively is going to be a game changer for us [00:02:11] so as we move forward and as tools get easier and easier to facilitate this human pairing up, we are going to see more and. Wonderful ideas.

2:56

More and more innovations, more and more failures too, because the aspect of things is we're gonna try a bunch of different things and some of 'em are gonna fail, but they will add to our knowledge and that itself will feed back into the network.

2:59

[00:02:43] So what we're getting is a sped up, cycle where we get feedback instantaneous.

3:00

And then when that happening, we're gonna be able to iterate much more quickly than we could in the past.

3:02

Think about,the United States before radio.

3:03

I mentioned the book earlier by Bill Bryce in America, 1927.

3:04

[00:03:04] We're really in the infancy of this effect, and I believe that we are going to see profound exponential growth because of our ability to network all of these various skills together in what I've called the human Colossous.