Anish Acharya

I'm still a little skeptical.

I'm still a little skeptical.

I think defensibility still exists and still matters.

I think defensibility still exists and still matters.

Networks are the gold standard, and they still are.

Networks are the gold standard, and they still are.

A network effect product is incredibly powerful.

A network effect product is incredibly powerful.

Now, look, you might argue that something like MoldBook is a new type of synthetic network that perhaps means there are certain types of networks that are less defensible than they once were.

Now, look, you might argue that something like MoldBook is a new type of synthetic network that perhaps means there are certain types of networks that are less defensible than they once were.

But something like an Airbnb, you can have all the vibe coding in the world.

But something like an Airbnb, you can have all the vibe coding in the world.

Their network effect is incredibly powerful.

Their network effect is incredibly powerful.

So one, I think defensibility matters.

So one, I think defensibility matters.

Traditional moats still do matter.

Traditional moats still do matter.

I do think that within moats like systems of record, there will be some who are more or less prone to disruption.

I do think that within moats like systems of record, there will be some who are more or less prone to disruption.