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Love to look stupid.. as foreign speaker and after reading all comments and also all translations in the dictionary, I still have only a vague meaning of "moat"
by throwbadubadu 3y ago
Love to look stupid.. as foreign speaker and after reading all comments and also all translations in the dictionary, I still have only a vague meaning of "moat" in this context. Could someone define precisely please?
Things like "network effects" vs "1-3 team moat" vs "human written text" now totally confused me.. what will protect it? What will be the most precious? Who succeeds?
- stuxnet79 3y agoIn this instance 'moat' simply means an advantage that will prevent direct competitors from undercutting your business.
- throwbadubadu 3y agoMakes sense, thanks for superquick reply :) Then I'd say nothing even close to certain..
- alex_c 3y agoTo make it more explicit, the term comes from “castle moat” - a form of defense that makes it more difficult for others to attack your castle (or in this context, more difficult to compete with your product/company).
- fragmede 3y agoin this context, a moat is something that only you can do, and no others can copy it. If I make a product with a feature that no one can copy, then no one can take it away from me and I'll always be able to make money off of that.