The Big 5 — Apple, Google, Microsoft, Facebook and Amazon — are hitting all time high valuations. Airbnb is worth more than Hilton in the private market. Uber is worth more than GM. Spotify and Dropbox IPOed in 2018, with Slack and Didi Chuxing on an IPO track
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70% of Value in Tech is Driven by Network Effects
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https://medium.com/@nfx/70-of-value-in-tech-is-driven-by-network-effects-8c4788528e35
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