Having a monopoly means that as your company grows, it becomes increasingly difficult for competitors to defeat you, often due to network effects.

A defensible business model is essential for long-term success, and real moats, such as network effects, are more valuable than perceived ones.

Characteristics of a monopoly include proprietary technology, network effects, and economies of scale, which can lead to sustained market dominance over time.

The power of network effects makes it hard to create and even harder to kill a social network.

Understanding your competitive advantages and locking them in is vital for success; for us, having the most integrations creates a significant competitive moat.

For software products, especially SaaS, incorporating a network effect is vital for success. If users don't benefit from sharing the product with others, it will likely fail.

Network effects increase the value of a platform as more users join, making it difficult for users to leave once they are invested in the network.

The network effect is crucial in marketing; products that improve as more people use them create a compelling reason for others to join in and spread the word.

Creating a network effect in your product can lead to better cohort retention, as each new user enhances the experience for existing users.