The Most Important Defensible Strategy on the Internet

If you launch a watch, and you want to be better than other people, you might be first to market with ring doorbell. But in the end, you're never going to have better purchasing power, more engineers, more leverage,. More ability to sustain losses than amazon, guga, apple at scale. And so long term, it's really hard to form differentiation when you're in a valuable market, except if you have community.