To build a great business, focus on building a strong team, exceptional product, and a reputable brand. Relying on legal arrangements like noncompete agreements is not as effective as creating network effects, data scale effects, and other durable modes. Legal protections like patents tend to be less effective and mainly attract patent trolls. Invest in real and lasting strengths like team cohesion, innovative products, and a strong brand identity to ensure long-term success.

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