Tim DraperFounder and Managing Partne, Draper Associate · I back the ideas that look crazy first

🚀 Barrier to Entry? Not for Us! 💪

12 Mar 2024 · 1 min

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Competitors can copy the technology, but this company's real moat is its 4.5 million-member community, which attracts partners like Amazon and Flipkart. Communities take years to build, as LinkedIn and WhatsApp proved. That's what keeps rivals out.

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Now, what's the barrier to entry? Anyone can do this, right? We do take their point in terms of multiple competitors, and we'll ensure that we have the ace of cards with us, which basically puts us on top. Many players are doing assessments like Meritrack, right? However, nobody is able to give them that reach that we are able to give them. Why these companies, Amazon, Flipkart, these biggies are reaching out to us only because of a community of 4.5 million. Tech can be created, but communities cannot be toppled overnight. Nobody can create the next LinkedIn or WhatsApp overnight. We have started that journey and soon we'll cross over.