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The only moat left is money?

elliotbonneville.com

261–270 of 398 posts

Re: The only moat left is money?

#261

Earlier quoted context omitted.

Seriously you can ship in a week things that FAANGs would have paid billions for 10 years ago. LLMs are just glue between pieces of your code you still need to be able to plug them into a coherent architecture to do something impressive.

> things that FAANGs would have paid billions for 10 years ago such as?

I can only assume the grandparent means Google+

Re: The only moat left is money?

#262
post #184

So, I really felt like more people should be reading Nassim Taleb's Incerto series of books. A lot of the issues that fall out of AI he dealt with in his books like ten years ago. He gives one the best pieces of advice I've ever heard: if you are going to do something for a living, make sure it is NOT scalable. If you do something that isn't really scalable, like being a welder or a tailor, then you only have to comp…

>> you'll always be competing against the best, most well funded, smartest people in the room What if your goal is for them to buy you out?

Don't compete, complement and start building the relationship from the beginning.

Plus, who wants to spend any time competing with the stongest contender anyway, especially to get started :)

Re: The only moat left is money?

#263
post #229

Earlier quoted context omitted.

>> The dream of running my own company got me to learn programming. 20 years later I'm an employee at a company still dreaming of running my own company. But now I can realize that reality and dreams are not the same and that's ok. As in, I probably really don't want to run my own company. We'll see =P To me having one own's company was just a means to the end: making enough money to live comfortably without the need…

It's absolutely wild to see how unevenly distributed the future we're living in is.

Is it any surprise when wealth inequality has been increasing in the USA for the past 50 years? Globally the picture is even more bleak.

Re: The only moat left is money?

#264
post #184

So, I really felt like more people should be reading Nassim Taleb's Incerto series of books. A lot of the issues that fall out of AI he dealt with in his books like ten years ago. He gives one the best pieces of advice I've ever heard: if you are going to do something for a living, make sure it is NOT scalable. If you do something that isn't really scalable, like being a welder or a tailor, then you only have to comp…

> He gives one the best pieces of advice I've ever heard: if you are going to do something for a living, make sure it is NOT scalable.

You mean like opening a restaurant?

Too bad delivery services like Uber Eats totally own the market now.

Starting a hotel? Booking.com and Airbnb are there to take your profit margins away!

Re: The only moat left is money?

#265
post #184

So, I really felt like more people should be reading Nassim Taleb's Incerto series of books. A lot of the issues that fall out of AI he dealt with in his books like ten years ago. He gives one the best pieces of advice I've ever heard: if you are going to do something for a living, make sure it is NOT scalable. If you do something that isn't really scalable, like being a welder or a tailor, then you only have to comp…

> if you are going to do something for a living, make sure it is NOT scalable

You need to consider both horizontal and vertical scaling. Being a bespoke tailor may not scale vertically, but it can scale horizontally. If you have too many people pick up tailoring, you might run out of neighborhoods without competitors.

Re: The only moat left is money?

#266
Ironically, lots of people are going to get pushed back into agriculture because yields are going to fall and humans can pick marginal/mixed/non-row crops much more efficiently than robots, plus local consumption eliminates logistics costs.

So yeah, techno-feudalism is going to drive us back to agrarian feudalism.

Re: The only moat left is money?

#268
post #214

The OP should read up on business strategy, probably starting with Porter's Five Forces. Hint: Money is a nice thing to have but it is very definitely not a moat. If a company is making above market returns and the only thing stopping a potential competitor from competing with them (aka the company's so-called "moat") is that "it takes money", that company does NOT have a moat. It's very easy for a potential competit…

> Hint: Money is a nice thing to have but it is very definitely not a moat.

in this context i think where money becomes a moat is when you consider Google can keep advancing their LLMs and tools while operating at a loss because they have the cash and revenue to do that. They'll just keep going and wait for everyone else to go bankrupt and then the whole AI market is theirs. In that way money, and the ability to out last your competitors, is the moat.

Re: The only moat left is money?

#269
post #3

This AI boom is just a hyper-version of previous tech booms (web 1.0, VC, crypto, etc). You have an enormous number of people who just want to get in and build something, but the products they are pumping out don't serve anyone's need or solve anyone's problem. The moat isn't money for out-marketing your idea that 750 other people are building, it's having a good idea that solves a problem that nobody else is solving…

Well, if someone could create a drop-in replacement for Oracle-DB, Adobe Creative or AutoCad in a month of vibe-coding, I think they could prosper without having their own good idea. I would like to see something like this.

But if you're just talking the fairly simple apps that a single very talented programmer could pump out before this, sure, yeah.

Re: The only moat left is money?

#270
post #238

Earlier quoted context omitted.

Which clones? And why not the others? Which is my point: it seems easy to clone something that seems conceptually simple, but is the result of all kinds of UI, UX, performance, etc optimizations. The reason someone might choose Obsidian over these so called clones is not just marketing, I assure you. The reason people attempt Obsidian clones is that they think creating todo-list management tools, etc is all it takes…

> Which clones? Are you seriously contending that apps that have Obsidians functionality don't exist? Just on HN alone, throughout 2023 - 2025 we were seing like one new TODO app show up on HN weekly! > And why not the others? Because money is the moat, and they have it! That was my entire point - money is the moat .

You are not making sense.

> Just on HN alone, throughout 2023 - 2025 we were seing like one new TODO app show up on HN weekly!

This response shows you missed my point entirely. I am saying a todo app does not a PKM make! I'm not interested in a vibe-coded todo app, it is useless to me.

> Because money is the moat, and they have it!

You're sidestepping issue and contradicting yourself. I asked: if cloning is so easy, why has no one cloned the JetBrains IDEs, for example?

Remember, I'm not talking about what happens after the cloning. Are you saying no one has cloned Jetbrains because it takes a lot of money to do so? That would contradict your claim that AI makes it easy.

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