3min chapter

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Growth vs Efficiency: Can You Have Both?

a16z Podcast

CHAPTER

The Importance of Understanding Your Moat

I like the breakdown between product and distribution, those ladder up to growth. But maybe if we just attack this idea of building a good product, that's not a new idea. It does feel like, at least to me, maybe we are in a different era where it's easier to copy products. And so is it just about being a first mover in an era where things are easier than ever to build? Duolingo famously grew with no marketing budget. That was exactly product-like growth that resulted in that company becoming so big.

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