The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified

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 have the defensibility predicted
  • And finally I get Bilal's take on Lux's investment strategy, their portfolio and how they are building value in the water, on the ground, in the air and even up in space


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Direct download: FR149_Zuberi.mp3
Category:general -- posted at: 10:00am EDT