A networked product can maintain its growth after hitting the ceiling by continuously innovating and adding new features that provide value to its users. It can also focus on improving user experience, providing excellent customer service, and leveraging user feedback to make necessary improvements. Additionally, it can explore new markets and demographics to expand its user base.
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When a networked product launches, it faces a chicken-and-egg problem: people need to use it for it to be worth anything. So how do you start the very...
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When a networked product launches, it faces a chicken-and-egg problem: people need to use it for it to be worth anything. Think of Facebook, Slack, or Airbnb. So how do you start the very first network without a basis to work from? Andrew Chen, General Partner at Andreessen Horowitz, calls this the Cold Start Problem.