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

ConversionXL

An effective moat doesn’t require Amazon’s distribution network or Microsoft’s monopolistic software strategy. Sales reps are also likely to be familiar with Salesforce because it’s the most widely used CRM, reducing onboarding costs for companies that use it. Low-cost production. Dig a deep moat. That’s my moat.

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Investing Outside The Bay Area

Haystack

Will the Bay Area’s cost structure compress the precious runway these newco’s have? Fred and his partners Albert, John, Andy, before Brad, now Rebecca have operated headquartered out of New York City, and have invested successfully near home (Esty, MongoDB, Kickstarter), in the Bay Area (Twitter, Coinbase) and in Europe (SoundCloud).