Venture Curator • 199 implied HN points • 15 Dec 23
- Founders should focus on building a strong 'moat' for their startup, which is like a set of characteristics that make it hard for other companies to compete.
- Tech is no longer a strong moat for startups, as it can be easily replicated, but factors like community, trust, and network effects are more valuable.
- Successful companies like Spotify built their moat not just on technology, but on bold statements and innovative experiences that stand out in the market.