Robert Metcalfe, co-inventor of Ethernet and considered one of the founding fathers of the modern Internet, is renowned for many things, but perhaps none more so than his namesake law: Metcalfe’s Law. Metcalfe’s Law was initially presented in 1980 to describe the intrinsic value of a telecommunications network and has since been popularized as ‘The Network Effect’ by economists and technologists.
The Network Effect is ‘the effect that a user of a good or service has on the value of a product to other people and more . . .