I'd expand the moats left to: - Proprietary data or content: data nobody else has, or unique content you can create - Network effects / community: users make it more valuable for each other - Audience / distribution: you can get attention on demand - Physical component: hardware, locations, real-world operations - Capital: owning assets and investing (esp into the AI companies as they are and will suck up large parts of the economy) - Regulatory: licenses and legal barriers

Nikita Bier@nikitabier12h ago

Technical moats are mostly over at this point. If you’re building something that is meant to be durable, the only moats now are: • Proprietary data • Network effects • A physical component