Comment by theptip
13 hours ago
Thats not what a moat means in business. It doesn’t mean impregnable, it just means expensive or difficult to cross.
It is absolutely a moat if only $1T companies can afford the capex to compete.
13 hours ago
Thats not what a moat means in business. It doesn’t mean impregnable, it just means expensive or difficult to cross.
It is absolutely a moat if only $1T companies can afford the capex to compete.
non-zero already existing companies can afford to compete, so its not a great preliminary line of defense against your main enemies.
If the existing competition's turn around time to out-benchmark you is in the order of weeks, its an absolutely terrible moat.