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7 Powers with Hamilton Helmer
Acquired
The Power of Moats
There are two necessary and sufficient conditions for power. There's a benefit. So you've got to come up with something that's better than what other competitors do, but better for you as a business model somehow. My biggest question I'm dying to ask you is how does it relate to moats? Is power the means by which you create a moat for a business or is it something different? You don't do breakthrough stuff with market surveys. You have to understand what the need is and then invent.
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