- [The Moat Map](https://stratechery.com/2018/the-moat-map/) 2018

[Just as Arthur Rock and Fairchild Semiconductor birthed venture capital, Yuri Milner and Facebook deserve the most credit for the development of growth capital](https://stratechery.com/2015/1999/)

- [20 powerful (and usually underrated) competitive advantages](https://threader.app/thread/1271822557981925378)  @aaronbush100

[Roll your way to a billion dollar startup](https://angel.co/today/stories/roll-your-way-to-a-billion-dollar-startup-23998?utm_source=Iterable&utm_medium=email&utm_campaign=newsletter-20200618)

- [The New Moats](https://news.greylock.com/the-new-moats-53f61aeac2d9)
> Why Systems of Intelligence™ are the Next Defensible Business Model

- [Systems of Intelligence: Is this the VC meta-thesis we’ve been looking for?](https://medium.com/angularventures/systems-of-intelligence-is-this-the-vc-meta-thesis-weve-been-looking-for-c1ad79eccfc2)
> > A look at Systems of Intelligence, barriers to entry, and enterprise VC investing in the post-SaaS world


## classification from Jerry Neumann

![n](https://knowen-production.s3.amazonaws.com/uploads/attachment/file/3443/MOATS.png 'n')