Answered from We spent 8 hours finding the best stuff on X. Here it is. · My First Million · 2026-10-23
Pieter Levels wrote that he no longer believes in SaaS and now backs moats such as proprietary data or content, network effects, audience or distribution, physical assets, capital and regulation. Sam Parr said Levels is a bit alarmist but probably right, and picked network effects and brand. Shaan Puri favoured businesses where AI cannot do the core work but makes it cheaper, such as Amazon, plus anything built on people meeting in person.
“If you look at some of the greatest companies of all time, their products might totally suck.” Sam Parr · at 23:07 — open in the transcript →
Source: our own transcription of the episode. The full conversation is on My First Million (2026-10-23). Read the whole episode summary →