Chen's Cold Start Theory has been generally well received by the business community. It provides a comprehensive framework for understanding and navigating network effects, which are crucial in today's digital economy. The theory's five stages offer a roadmap for businesses to solve the cold start problem, scale network effects, manage growth plateaus, and build sustainable competitive advantages. However, like any theory, its effectiveness and applicability can vary depending on the specific context and business model.
When a networked product launches, it faces a chicken-and-egg problem: people need to use it for it...
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