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21 results for “defensible moats”
Concept3 mentions across episodes
moats
“Why athletic wearables will become commoditized and how to build defensible moats”
to be the case because everything becomes a commodity at some point. At which point, I think branding and user experience and building with community is going to be really important. You have that loy
8:37 / 9:14
market insight8:37 – 9:14
into seven powers? You tell me. I'm game. I love this I love this framework. So I Listeners probably to both of our shows know, you know, Hamilton Helmer's seven powers that he's identified of he would characterize a power as both a benefit and a bar
1:09:01 / 1:10:05
from transcript1:09:01 – 1:10:05
...protected and defensible moats, the long term recurring visible predictable revenue streams, the scarcity of the assets because the big five leagues, there's only a 150 of them or so. Underlying all of that, and I apologize in advance for getting on
33:01 / 34:06
from transcript33:01 – 34:06
LLMs and the the kind of, like, really deep infrastructure for AI, which was maybe, you you know, the the key to where people should have been investing maybe between sort of 2018 and 2023. We're entering more of this kind of, like, AI application la
27:35 / 28:49
from transcript27:35 – 28:49
...like, a defensible moat around the business, you would assume. Why in the world would I ever wanna fund a model that's open source? Well, a few things. One, if you go back in the compute stack, you had this with, like, Red Hat and Linux, you know, go
35:12 / 36:15
from transcript35:12 – 36:15
...it. There's, like, a defensible moat around the business,
34:30 / 35:32
from transcript34:30 – 35:32
And you can't expect a tiny fund to do that. So this idea that we might aggregate 90 local pension funds in The UK to enable them to think more like Yale rather than just replicating the asset split, I'd be really excited about. I thought it was so i
24:00 / 25:05
from transcript24:00 – 25:05
Well, I I think you if you think of it as a stack from, like, semiconductors and hardware up to sort of applications layer, then, I think it's easier for Europe to think about building at the bottom of the stack or at the top of the stack, actually.
24:38 / 25:46
from transcript24:38 – 25:46
I mean, maybe because you do consumer, maybe not, but we've all seen five decks for sales AI tools, and they all sort of do the same thing. Practica's, you know, out on its own at the moment, but you said you spoke to a couple of other companies tryi
28:25 / 29:32
from transcript28:25 – 29:32
...and defensible moats, the long term recurring visible predictable revenue streams, the scarcity of the assets because the big five leagues, there's only a 150 of them or so. Underlying all of that, and I apologize in advance for getting on my soapbox
33:30 / 34:51
from transcript33:30 – 34:51
“Why software defensibility breaks down when everyone becomes a coder”
...and moats and unfair advantages and all those sorts of things that we as VCs generally like when everything starts to become, you know, reduced down to unskilled people having superpowers and things
9:20 / 10:03
prediction9:20 – 10:03
Venture capital financing was built for that, for semiconductors. And it just so happened to work just as well or even better with software on the Internet. Even better in the notion that gross margins of software could be 80 to 90%, not 50%. But I w
1:52:30 / 1:53:36
from transcript1:52:30 – 1:53:36
...defensible moats. You build this thing, it has this huge moat, and every extra revenue, customer, whatever it gets, increases the size of the moats, puts distance between it and itself until eventually it has to get broken up broken up by regulators
1:08:10 / 1:09:28
from transcript1:08:10 – 1:09:28
I think that's right. And and I have some more thoughts on just sort of the companies that are building on top of LLMs that are just, you know, that's a slightly different thing, I would say. I think that for them, you know, having the right data and
27:37 / 28:47
from transcript27:37 – 28:47
is the most perfect example of this. And I I say interestingly because we almost always talk about operating leverage and scale in the context of software on the Internet. This is how venture capital started because, actually, manufacturing chips, th
1:55:27 / 1:56:32
from transcript1:55:27 – 1:56:32
...a real defensible moat and not a piece of paper that we can use to sue somebody? Okay. Freeberg, you want the last word here? We gotta move on to some other topics. I just wanna be clear Alright. It's actually the last word. Yeah. I just wanna be cle
46:30 / 47:30
from transcript46:30 – 47:30
...defensible of of suppliers. In that, I I do think that a good portion of the supply side for PDD is different than the supply side on JD and Alibaba in that it's these, you know, kind of contract manufacturers and, remnant capacity on their lines. An
1:36:46 / 1:38:02
from transcript1:36:46 – 1:38:02
...with deep defensible moats. You build this thing, it has this huge moat, and every extra revenue, customer, whatever it gets, increases the size of the moats, puts distance between it and itself until eventually it has to get broken up broken up by r
1:08:56 / 1:10:01
from transcript1:08:56 – 1:10:01
...is moats and defensibility in AI. So it feels like one is custom models is is a moat in the space. How do you just think about long term defensibility in the space knowing there's other folks, as you said, launching constantly, trying to take you try
38:07 / 39:24
from transcript38:07 – 39:24
pricing, packaging, paywalls, all that stuff around. Sarah, which is like a part of marketing Mhmm. And product engagement could be easily a part of growth. In my previous job at HelloSX, I owned product as well. My question when I hear that in terms
3:45 / 4:45
from transcript3:45 – 4:45
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