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where enterprise SaaS are headed—e.g., Workdayrevisit
- The value was never “we built software you couldn’t.” The value was always “we absorb compliance risk and regulatory complexity you don’t want.”
- The companies getting disrupted are the ones selling capability. The ones selling risk transfer are about to have their best decade.
- <> post-LLMs moat
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if the moat is legal then it’s somewhat nation state dependent, but remember the iron law of civilization 3.0 <> arbitrage what’s avail
- → but what would moat look like in blockchain network? maybe it’ll be really meritocratic, and that means each person somewhat has to stay on top of everything? that’s the trade-off?