Technology is not a moat. Never has been. There are so many examples of incumbents copying startup’s technology and leveraging their distribution to crush competition. And AI coding models are quickly making technology even less defensible. With coding models like Claude, assistants like Cursor, and “no code” AI tools like Lovable and Bolt, it’s becoming stupidly easy to copy existing products and apps with virtually no effort. Turns out the stuff that actually matters is what always mattered: strong products, real network effects, ruthless distribution, and brands people actually care about. The winners will double down on those things, while everyone else wonders why their perfect tech keeps getting cloned into irrelevance.