0:00 The Moat Problem 1:30 The Seven Powers Framework 4:20 When to Think About Moats 8:40 Forward Deployed Engineering 10:18 Process Power 14:34 Cornered Resources 19:30 Switching Costs 24:54 Counter Positioning 31:24 The Workforce Displacement Reality 34:00 Brand & Speed as Moats 37:30 Network Economies 41:00 Scale Economies 43:44 Final Advice