The Only Moat That Matters

Relentless execution

Every founder dreams of building an invincible business—unbreakable, untouchable, unstoppable. But here’s the truth: no moat exists at the start. Given enough time and money, almost anything can be copied. Features you launch today might appear in a competitor’s product tomorrow. So what’s the real differentiator?

Relentless execution.

Take DoorDash. From day one, we faced giants with more money, resources, and attention. There was no obvious moat. Others could have caught on (and many tried). But we had one edge they couldn’t match: relentless execution. Every day, every order—we obsessed over delivering value.

We weren’t just delivering food—we were solving problems. Drivers wanted more efficient routes. Customers wanted more accurate ETAs. Restaurants wanted more orders with no operational disruptions. Competitors could copy our app, but they couldn’t match how fast we adapted to challenges.

The real moats only became clear at scale. Every order strengthened the network, making it harder for competitors. The complexity and capital required became barriers to entry. These moats emerged because of relentless execution over time.

Relentless execution isn’t glamorous, but it wins. Every day, ask yourself: what can I improve that competitors won’t notice until it’s too late? That’s how you build a moat no one can break.