The Only Moat In Businesses Now

25 Jul 2025 · 1 min

Watch on YouTube

0:45

This content was created by Eric Siu. This content was uploaded by Eric Siu. This is a YouTube video titled "The Only Moat In Businesses Now" (uploaded 2025-07-25). The excerpt is a single-speaker industry commentary arguing that distribution (and brand-driven distribution) is the primary competitive moat today. The speaker cites examples and metrics for Google and Anthropic, references a point by the Cloudflare CEO about changing web economics (subscriptions, ads, fame declining), and notes shifting user preferences toward LLMs, YouTube, and Reddit-like content. The clip discusses broad trends in content distribution and business strategy rather than a multi-person dialogue.

Chapters

only moat that's left in businesses now. I believe that the only moat in business now is actually your distribution. So if you look at Google 10 years ago, 2 pages scraped 1 visitor. 6 months ago, 6 pages scraped 1 visitor. Today it's 18 pages scraped 1 visitor. And then Anthropic, 6 months ago was 6,000 pages scraped per 1 visitor. Today it's 60,000 pages scraped per visitor, right? So the Cloudflare CEO said that if the business model of web has been search fundamentally for the last 35 years, you get value by subscriptions, ad, or fame. All All 3 of these things are going away and they're going away fast. But I do think brand is the moat, distribution is the moat in this world that we're in now. And then I just think like, you look at what people are looking for now, they want LLMO, they want YouTube, they want Reddit, they want stuff that isn't the stuff that people were looking for like at a much more aggressive pace a couple years ago. It's shifting quickly.