Upwork’s network effects
The concept is pretty simple (from Investopedia): “The network effect is a phenomenon wherein increased numbers of people or participants improve the value of a good or service.” The internet. Social media. They all operate on this idea of network effects. Both across the platform AND for individual users. So, as Facebook’s user base grows, Facebook becomes more valuable. But, also, as YOUR individual friend’s list grows, Facebook becomes more valuable TO YOU. Save those few “friends” you’d rather not follow, of course. 😀 Thing is… Freelancing platforms have network effects, as well. So, the more freelancers on a platform,