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The pioneers of Silicon Valley’s fast culture on how to grow quickly, not recklessly

Reid Hoffman

2018 set yet another all-time record for the number of paper books sold in the United States, as has been repeatedly true during the era of Amazon. What makes this tricky is that markets evolve, and an innovative technology or business model can transform a normal market into a Glengarry Glen Ross market. The difference?

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Economic Moats: Who Has Them? And How Do You Get One?

ConversionXL

For example, in the United States, freight railroads have a deep moat. A business model that requires a strong network effect is a long play. So are regulations, which, in some instances, are a cynical moat-digging campaign. Dig a deep moat. They own the tracks. Image source ).