One of the most enriching aspects of a lived conference is often found outside the formal sessions in what’s affectionately known as the “Hallway Track.”
The simple and fundamental truth is that not all moats are created equal. The traditional barriers to entry, such as brand recognition, network effects, and economies of scale, while effective in their own right, are still vulnerable to the relentless march of time and competition. Nvidia and TSMC had developed highly unique moats.
Most successful companies that stand the test of time usually have some kind of moat. Cost (economy of scale, efficient supply chain, low-cost supplier, efficient operation), intangible assets (brand, regulation, IPs), and switching cost (network effect, integration complexity) are some common moat strategies.