There's a trend in software (well I might be conflating a few trends) that I think is not going to bode well for most: - With how insane coding agents and the models are getting, it's very easy to just build "everything" but we're seeing just insane scope creep that don't really serve the purpose of the "thing" the product wants to solve for customers - Everyone is going to collectively relearn the painful lesson as to why super apps have never worked in the west (spoiler alert it was never that "software was hard") - A lot of companies are calling themselves "labs" as a way to excuse themselves from building *one product* that people actually use (repeatedly) but rather multiple mediocre products (non-stop launches on the timeline), few are focused on actual "research" but rather are doing sub-par R&D or product development - Because new software/products/features are so easy to build, it's easy to find new things to latch onto (technological innovation) that aren't the thing you should care about (like retention). I agree with Nikita that technological moats are mostly over - When everyone is gunning to build *everything*, there's massive alpha in just building simple things that are focused and well-executed