Eoghan McCabe

And so talking about moats, it's kind of silly. Now that said, some of the greatest technology companies of our generation then go on to build networks and other things that do become defensible. whether it's Apple's iMessages or their ecosystem, whether it's Google's data, whether it's Facebook's network.

And so talking about moats, it's kind of silly. Now that said, some of the greatest technology companies of our generation then go on to build networks and other things that do become defensible. whether it's Apple's iMessages or their ecosystem, whether it's Google's data, whether it's Facebook's network.

And so talking about moats, it's kind of silly. Now that said, some of the greatest technology companies of our generation then go on to build networks and other things that do become defensible. whether it's Apple's iMessages or their ecosystem, whether it's Google's data, whether it's Facebook's network.

At some point, you can build some degree of defensibility, but software companies and technology companies in particular, they don't tend to have any defensibility other than the fact that they can build better and faster than anyone else. And that's okay.

At some point, you can build some degree of defensibility, but software companies and technology companies in particular, they don't tend to have any defensibility other than the fact that they can build better and faster than anyone else. And that's okay.

At some point, you can build some degree of defensibility, but software companies and technology companies in particular, they don't tend to have any defensibility other than the fact that they can build better and faster than anyone else. And that's okay.

It's one of them. Working your ass off, working very hard.

It's one of them. Working your ass off, working very hard.

It's one of them. Working your ass off, working very hard.

I think it was really acute and fun branding for a thing that anyone who's built a company has deployed since the start of companies. There's nothing new about it. There's countless books about Steve Jobs and how he operated. Maybe it gives permission now to founders to trust their gut and instinct, which I think is a really, really good thing.

I think it was really acute and fun branding for a thing that anyone who's built a company has deployed since the start of companies. There's nothing new about it. There's countless books about Steve Jobs and how he operated. Maybe it gives permission now to founders to trust their gut and instinct, which I think is a really, really good thing.

I think it was really acute and fun branding for a thing that anyone who's built a company has deployed since the start of companies. There's nothing new about it. There's countless books about Steve Jobs and how he operated. Maybe it gives permission now to founders to trust their gut and instinct, which I think is a really, really good thing.

But business is very much an art, particularly starting a business from scratch is a deeply creative endeavor. The worst type of art is art produced by committee. I would say it's just not art if you're trying to find the lowest common denominator and something that satisfies everyone.

But business is very much an art, particularly starting a business from scratch is a deeply creative endeavor. The worst type of art is art produced by committee. I would say it's just not art if you're trying to find the lowest common denominator and something that satisfies everyone.

But business is very much an art, particularly starting a business from scratch is a deeply creative endeavor. The worst type of art is art produced by committee. I would say it's just not art if you're trying to find the lowest common denominator and something that satisfies everyone.

And so highly agentic individuals and acting on their own intuition, I think is how greatness has always been made.

And so highly agentic individuals and acting on their own intuition, I think is how greatness has always been made.

And so highly agentic individuals and acting on their own intuition, I think is how greatness has always been made.

It's in the hundreds of millions. So we'd be one of the larger private software companies. Why don't you go public?

It's in the hundreds of millions. So we'd be one of the larger private software companies. Why don't you go public?