Which seems like a bad thing–but what’s left? From my perspective as a nascent entrepreneur, future moats fall into three broad categories: proprietary technology, supply chain innovations, and media that can’t be replaced by AI because it comes from a strong POV (taste)

If moats are the what, strategy is the how.

Every startup has a window of time during which they must simultaneously build something worth defending and build defenses around it.

For new startups, strategy is deciding how to use the window wisely. It’s about directing your limited resources towards digging moats before you’ve removed enough uncerta... See more

Investors need companies that don’t have much competition to start and that can build moats to prevent competition later. Startups whose success is predicated on a new, better technology rarely make the transition from innovator to dominant player. Technology in itself is usually not a moat, and companies that are based on introducing new technolog... See more