> It reflects the defensible moat in our industry (SaaS offerings in general) is no longer technology.
I feel like it was never technology, especially in SaaS.
Sure you need some initial technical chops to get a service up and running, but after MVP —> PMF, it’s all marketing, momentum, consumer trust, your brand, etc.
For every successful SaaS (take Notion for example) it’s easy to say things like they never had a real competitor, but the truth is they had a lot of competition but they were able to overcome it and build a moat initially propped up by really good usability, but now their usability could easily go to shit and they’d still do well with a traditional sales/marketing moat.