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Lenny's Podcast · How to win when software is not a moat — Evan Spiegel (Snapchat CEO)
Duration · 1h 11m
Why software alone is no longer a defensible moat
Evan's take on what actually replaces it now that infra and distribution are commoditized.
How Snapchat survived Instagram copying Stories
Leaning into camera-first UX instead of competing on feed mechanics — and why that bet held.
His one piece of advice to founders
Pick a wedge competitors are structurally unable to copy. Useful if you're scoping your next bet.
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