A Perspective on Location Services, Mobile Entrepreneurship & Startup Life

Metcalfe’s law describes such effects by stipulating that the aggregate value of networks increases with approximately the square number of adopters. This results in first-mover advantages and lock-in effects, due to high switching costs once a network technology dominates the market.

[via The geospatial web – blending physical and virtual spaces]

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This entry was posted on Wednesday, June 17th, 2009 at 2:17 pm and is filed under Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.