149. Startup Moats, Deep Tech & Where Science Fiction becomes Science Fact (Bilal Zuberi)

The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified · Nov 29, 2017 · 47m

Bilal Zuberi of Lux Capital joins Nick to discuss Startup Moats. In this episode, we cover:

An overview of moats

Example companies with moats

How to build a monopoly from the outset and if Bilal requires in startups he invests in

Incremental vs. step-change innovation and the implications on the breadth and depth of the moat

The types of moats

Bilal's take on data and network effect-based moats

using a business model as a moat

His thoughts on building brand as a sustainable competitive advantage

How NPS score plays a role

An example where Bilal thought there was a moat but it proved not to…