Well, nope. There are three real moats left in software:
Distribution, Data (Proprietary) and Iteration Speed.
Very successful companies have all three: Stripe, Meta, Google, Amazon.
The moat of all four of those companies is simply infrastructure, partnerships, and plain-old name recognition.
Data and iteration speed aren't moats. I don't know what you mean by "distribution".
The moat of all four of those companies is simply infrastructure, partnerships, and plain-old name recognition.
Data and iteration speed aren't moats. I don't know what you mean by "distribution".