To win innovation race you have to spend top dollar on top talent. It also has tons of risk in case innovation fails - and innovators fail often. Building moat

To win innovation race you have to spend top dollar on top talent. It also has tons of risk in case innovation fails - and innovators fail often. Building moat works when you can have large amounts of average employees and business you are in is proven. Yes we need innovation, but if I look at what was going on with crypto/nft, I would say that was not worth much. Besides if someone thinks that innovation is the only hard thing to do - sustainably running company with more than 50 employees for decades is already really hard thing.