Future Venture
Published in

Future Venture

On Moats

Building Defensible Businesses

Principles for Building Moats

Product-as-moats

  • When product is a temporary moat, that enables another moat such as liquidity (more on that later) to be achieved.
  • When the product is so costly to reproduce, or requires such specific knowledge, that the cost is exorbitant.

Liquidity-as-moat

Legal-as-moat

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Future Venture is a publication from Lithium.

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