Investor Connect Podcast

Build a Moat

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Warren Buffet once said, “I look for economic castles protected by unbreachable moats.”

In the startup world, investors look for a competitive advantage that can build a moat around the business.

"Me too" businesses are difficult to fund because anyone can start one and compete.

To build a moat around your business consider the following:

Build switching costs into your product to make it more sticky.

Create a brand that attracts others and is different from the competition.

Scale quickly to leave the majority of competitors behind.

Size can provide a decent moat once you have some scale.

Distribution can be a moat to provide more products and more revenue.

Network effects can provide a moat as the network generates additional revenue and decreases costs.

Technology can provide an advantage if the user finds value in it. 

The moat should not be easily duplicated because over time other startups will do so.

Moats should be considered from the getgo as it will increase as the startup grows and scales.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
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Music courtesy of Bensound.

Direct download: Build_a_moat.mp3
Category:general -- posted at: 5:00am CDT

On this episode of Investor Connect, Hall welcomes Kurt Wilkin, CEO of HireBetter, Managing Partner of Bee Cave Capital, and Author of the book  “Who’s Your Mike?”.

For over 25 years, Kurt has advised high-growth, middle-market companies. Through his roles as CEO of HireBetter and a Managing Partner of Bee Cave Capital, he had the opportunity to work with hundreds of entrepreneurs and CEOs—challenging and inspiring them to take their companies to that much-hyped “next-level.”

But before Kurt got to where he is now, he worked in some challenging roles. His goal in writing is to pull back the curtain on the business world and take the reader on the real entrepreneurial journey—bumps and all. No one gets to the top overnight without falling and making mistakes. He hopes to inspire and help others on their path by telling his stories.

Kurt is a  firm believer that business success is all about having the right people. During his career, he has been fortunate to work with hundreds of interesting companies. He hopes his book will inspire, challenge, and entertain you as you chart your course, wherever it may take you.

Kurt shares a bit of everything he had encountered in his business life, the inspiration behind his book, and much more. 

You can visit Kurt at www.beecavecapital.com, hirebetter.com via LinkedIn at www.linkedin.com/in/kurt-wilkin/, www.linkedin.com/company/hirebetter/ via Twitter at www.twitter.com/KurtWilkin, www.twitter.com/hirebetter and via email at kurt.wilkin@hirebetter.com.  

You can purchase his book from his website or from Amazon, at www.amazon.com/Whos-Your-Mike-No-Bullshit-Entrepreneurial/dp/1954020244.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org  

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
For Startups check out: https://tencapital.group/company-landing/ 
For eGuides check out: https:/_/tencapital.group/education/ 
For upcoming Events, check out https://tencapital.group/events/  

For Feedback please contact info@tencapital.group   

Please follow, share, and leave a review.

Music courtesy of Bensound.

Direct download: Kurt_Wilkin_of_HireBetter_and_Bee_Cave_Capital_Book_Review.mp3
Category:general -- posted at: 5:00am CDT

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