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The Sources of Competitive Advantage
There are going to be sources of competitive advantage. They may not be sources of a moat that would make Sequoia perk up and give you two hundred million dollars or whatever But they might be enough to build you a nice tidy little five ten twenty million AR business. And yeah quite frankly, I think most people would be happy with a hundred thousand MR or AR our business, right? Like so even if you're building something in a perfectly competitive market like me, right? You can still find those sources of advantage that give you a profitable business that is durable and defensible.