What Makes a Startup Defensible?
Hit follow and tell me: What advantage would you build? Clones ship fast. When software is easy to copy, I look for advantages growing stronger as the business grows. 1. Data flywheels Users generate useful data to help you improve the product. 2. Network effects The product becomes more useful as more people use it. 3. Hard-to-enter markets Regulated fields such as health care and fintech take more time and effort to enter. A small profitable software business doesn't need to win a venture-scale race. At 1,000 customers paying $50 a month, revenue is $50,000 a month. This is meaningful for ma
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