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The Myth of Early Moats in Startups (And What To Do Instead)
Manage episode 387967823 series 3474158
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This story was originally published on HackerNoon at: https://hackernoon.com/the-myth-of-early-moats-in-startups-and-what-to-do-instead.
Dismantling startup myths: Prioritize Product/Market Fit over early moats and insights on market dynamics & value creation.
Check more stories related to startups at: https://hackernoon.com/c/startups. You can also check exclusive content about #startups, #product-market-fit, #startup, #product-management, #moats, #value-creation, #business-development, #entrepreneurship, and more.
This story was written by: @vvmrk. Learn more about this writer by checking @vvmrk's about page, and for more stories, please visit hackernoon.com.
The obsession with early moats distracts startups from the real work of building lasting value. A moat is a sustainable competitive advantage that a company possesses, which protects it from competitors. Few startups are built on moats, or they cease to really be startups shortly thereafter.
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