Zack KanterVerified account

“Moat" as metaphor for durable competitive advantage should be retired. Trapped inside a castle, cut off from the outside world, with only a thin strip of water separating us from a besieging enemy who knows exactly where we are and what we’re doing? No thank you.

So customers who are happy with a year old version of your product should rather be with your fast follower (and probably pay a lot less?)

How fast you turn versions of a product has nothing to do with a moat. That's execution. A moat is quantitative. Do you have barriers to entry that create returns that are greater than your cost of capital as proven over a period of years? Can the business survive a bad manager?