Yes, but network effects are not limited to just social media and the internet as a whole. Physically clustering together smart, ambitious individuals produces

Yes, but network effects are not limited to just social media and the internet as a whole. Physically clustering together smart, ambitious individuals produces tremendous side effects in opportunities and innovation that are difficult to impossible to recreate with today's technology. This might change but, for now, they are not on equal ground. A good read on the subject: http://www.paulgraham.com/cities.html http://www.paulgraham.com/cities.html