Understanding the Cold Start Problem can contribute to a product's success by helping to strategize the initial stages of product launch. It helps in understanding the need for a user base for the product to be worth anything. This understanding can guide the development of strategies to attract initial users and make the product valuable. It's about solving the chicken-and-egg problem: people need to use the product for it to be worth anything, but to attract people, the product needs to be worth something.
When a networked product launches, it faces a chicken-and-egg problem: people need to use it for it...
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