The Cold Start Problem in networked products refers to the initial phase where a product or service has few users or participants. This can be a challenge because the value of the product or service often depends on a large number of users. For example, a social networking site is not very useful if you are the only one using it. To overcome this, businesses often start with a smaller, more manageable network, perfect their product or service within this network, and then gradually expand to larger networks.
When a networked product launches, it faces a chicken-and-egg problem: people need to use it for it...
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