Startup | VC | Autom...Ā ā¢Ā 12d
Totally, but thatās exactly the point. Smart investors know the difference. They donāt skip the moat convo- they tailor it. In D2C, distribution is the moat. In AI infra? Moat or die. My post isnāt applying āSaaS logicā to everything- itās calling out lazy capital that doesn't ask the right questions for the category itās betting on.
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