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← Network effects are not a sufficient moat, because software features get copied however many patents you hold.
17 connected korrents · 16 moments from 1 Jun 2022 to 12 Oct 2026.
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ideas vs execution
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Everything filed under startups
startups Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: Network effects are not a sufficient moat, because software features get copied however many patents you hold. Network effects are not a sufficient moat, because software features get copied however many patents you hold. Last stated 6 months ago
26 Apr 2026
ES
Evan Spiegel — holds since 2026-04-26 — tap for who they are
Same subject: A company with no moats will eventually get copied by competitors no matter how good its product is. — tap to centre the map on it A company with no moats will eventually get copied by competitors no matter how good its product is. Last stated a month ago
10 Sept 2026
PM
Packy McCormick — holds since 2026-09-10 — tap for who they are
Same subject: The remaining business moats are proprietary data, network effects, distribution, hardware, capital, and regulation. — tap to centre the map on it The remaining business moats are proprietary data, network effects, distribution, hardware, capital, and regulation. Last stated 2 weeks ago
12 Oct 2026
PL
Pieter Levels — holds since 2026-10-12 — tap for who they are
Same subject: None of the classic business moats are based on how hard the software is to make. — tap to centre the map on it None of the classic business moats are based on how hard the software is to make. Last stated 2 months ago
6 Sept 2026
AA
Anish Acharya — holds since 2026-09-06 — tap for who they are
Same subject: Product quality and software engineering ability no longer function as a competitive moat because AI can replicate them quickly. — tap to centre the map on it Product quality and software engineering ability no longer function as a competitive moat because AI can replicate them quickly. Last stated 7 months ago
3 Apr 2026
AK
Arvid Kahl — holds since 2026-04-03 — tap for who they are
Same subject: Some software moats will remain like social media and ecommerce, but they will be used by AI to build personal software — tap to centre the map on it Some software moats will remain like social media and ecommerce, but they will be used by AI to build personal software Last stated 2 weeks ago
11 Oct 2026
PL
Pieter Levels — holds since 2026-10-11 — tap for who they are
Same subject: The revenue level at which publicly sharing business details invites cloning has fallen to essentially zero because of AI coding agents. — tap to centre the map on it The revenue level at which publicly sharing business details invites cloning has fallen to essentially zero because of AI coding agents. Last stated 7 months ago
3 Apr 2026
AK
Arvid Kahl — holds since 2026-04-03 — tap for who they are
Same subject: AI regulation only avoids handing incumbents a moat if it is one national framework that is equally clear and easy for companies of every size. — tap to centre the map on it AI regulation only avoids handing incumbents a moat if it is one national framework that is equally clear and easy for companies of every size. Last stated 2 months ago
18 Aug 2026
MK
Michael Kratsios — holds since 2026-08-18 — tap for who they are
Same subject: A platform of creators and developers is a durable moat, because an ecosystem, unlike a feature, cannot be cloned. — tap to centre the map on it A platform of creators and developers is a durable moat, because an ecosystem, unlike a feature, cannot be cloned. Last stated 6 months ago
26 Apr 2026
ES
Evan Spiegel — holds since 2026-04-26 — tap for who they are
Same subject: A computational discovery platform does not make a biotech fast, because the thousand other steps of drug development are still the bottleneck. — tap to centre the map on it A computational discovery platform does not make a biotech fast, because the thousand other steps of drug development are still the bottleneck. Last stated 2 years ago
17 Sept 2024
AT
Alex Telford — holds since 2024-09-17 — tap for who they are
Same subject: A designer's edge now is pulling things back, making them simpler and more understandable, because everyone can kind of execute right now. — tap to centre the map on it A designer's edge now is pulling things back, making them simpler and more understandable, because everyone can kind of execute right now. Last stated 3 months ago
29 Jul 2026
CD
Charlie Deets — holds since 2026-07-29 — tap for who they are
Same subject: A good idea often fails to spread not for lack of merit but because no convenient way exists to implement it. — tap to centre the map on it A good idea often fails to spread not for lack of merit but because no convenient way exists to implement it. Last stated 5 months ago
7 Jun 2026
SR
Scott Rao — holds since 2026-06-07 — tap for who they are
Same subject: A bubble can only be identified in retrospect, so arguing about whether one is happening now cannot be settled now. — tap to centre the map on it A bubble can only be identified in retrospect, so arguing about whether one is happening now cannot be settled now. Last stated 10 months ago
9 Dec 2025
HM
Howard Marks — holds since 2025-12-09 — tap for who they are
Same subject: A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. — tap to centre the map on it A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A founder who does not know their own goal dies by a thousand compromises and ends up running a company they do not want to work at. — tap to centre the map on it A founder who does not know their own goal dies by a thousand compromises and ends up running a company they do not want to work at. Last stated 5 months ago
2 Jun 2026
MP
Mark Pincus — holds since 2026-06-02 — tap for who they are
Same subject: A "good business" now means one that can display quarter-on-quarter stock growth, not one that makes good products at a fair price. — tap to centre the map on it A "good business" now means one that can display quarter-on-quarter stock growth, not one that makes good products at a fair price. Last stated a year ago
21 May 2025
EZ
Ed Zitron — holds since 2025-05-21 — tap for who they are
Same subject: A high, stable dividend yield gives a stock's valuation a downside floor that growth stocks without dividends lack. — tap to centre the map on it A high, stable dividend yield gives a stock's valuation a downside floor that growth stocks without dividends lack. Last stated 8 months ago
3 Mar 2026
SB
Sanjay Bakshi — holds since 2026-03-03 — tap for who they are
Same subject: A society's prosperity comes from its productivity, not from the financial system or stock market. — tap to centre the map on it A society's prosperity comes from its productivity, not from the financial system or stock market. Last stated 4 weeks ago
25 Sept 2026
MM
Mr. Money Mustache — holds since 2026-09-25 — tap for who they are
At the centre
Network effects are not a sufficient moat, because software features get copied however many patents you hold.
Holds Read this korrent →
A company with no moats will eventually get copied by competitors no matter how good its product is.
Holds
The remaining business moats are proprietary data, network effects, distribution, hardware, capital, and regulation.
Holds
None of the classic business moats are based on how hard the software is to make.
Holds
Product quality and software engineering ability no longer function as a competitive moat because AI can replicate them quickly.
Holds
Some software moats will remain like social media and ecommerce, but they will be used by AI to build personal software
Holds
The revenue level at which publicly sharing business details invites cloning has fallen to essentially zero because of AI coding agents.
Holds
AI regulation only avoids handing incumbents a moat if it is one national framework that is equally clear and easy for companies of every size.
Holds
A platform of creators and developers is a durable moat, because an ecosystem, unlike a feature, cannot be cloned.
Holds
A computational discovery platform does not make a biotech fast, because the thousand other steps of drug development are still the bottleneck.
Holds
A designer's edge now is pulling things back, making them simpler and more understandable, because everyone can kind of execute right now.
Holds
A good idea often fails to spread not for lack of merit but because no convenient way exists to implement it.
Holds
A bubble can only be identified in retrospect, so arguing about whether one is happening now cannot be settled now.
Holds
A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate.
Holds
A founder who does not know their own goal dies by a thousand compromises and ends up running a company they do not want to work at.
Holds
A "good business" now means one that can display quarter-on-quarter stock growth, not one that makes good products at a fair price.
Holds
A high, stable dividend yield gives a stock's valuation a downside floor that growth stocks without dividends lack.
Holds
A society's prosperity comes from its productivity, not from the financial system or stock market.
Holds