jakewoodhouse on nostr

Open in Damus

Mainly distribution. But I world expect our to fall precipitously

Jake Woodhouse @jakewoodhouse 1766466613

Distribution is valuable. No doubt

But surely the equity prices we see will be compressed due to the phenomenon of AI driven growth efficiency?

The software driven moat or defensibility is gone

Pete Winn 🔆 · 8w

Well that software was never defensible over the last 10 years. It could always have been replicated for a 100k. That fact you could replicate for a 1k isn’t necessarily that different for a multi billion valuation surely? So I’d say the premium is all network affect of people believing this ...