akharris
Joined 16 years ago
Joined 16 years ago
I particularly like Waymo because of aggressively most of the media/talking heads wrote them off as "never going to beat Tesla" because google.
In the end, they took a fundamentally different approach at all levels of the product and won.
I agree with you that many moats are regulatory, but disagree that most moats are. Networks are powerful moats, customer lockin can work well, brand is a strong moat (at least for a time), speed and culture can function as moats.
Fwiw, I don't think any moat is ultimately perfect. Moats themselves are not meant to permanently stop an attacker - they are delaying tactics at best. Companies that stay ahead continuously re-invent and rebuild their differentiation and defenses.
What I love about that quote is that he knew that, some day, the cure rate would go even higher.
My sister is an incredible write and he was a perfect subject.
My mom says that his baseline was incredibly high and that he was incredibly resilient. He also had a big rebellious streak, an analytical mind, and endless compassion.