tldr: AI democratizes the baseline for builders. But taste + capital is still a moat. Quality x speed wins. ---------------------------------------------- Product teams with "nothing left to build" are pure fiction. Yes, LLMs make v0 cheaper. Yes, everyone can ship now. No, this doesn't mean anything for being world-class. As @diogomonica mentions, more entrants → distribution costs go exponential. Everyone has the same stack. Differentiation is dead unless you truly excel. While others celebrate their codegen MVPs, teams with genuine taste will use freed bandwidth to build truly high-craft applications. @instagram, @facebook, @YouTube = millions of engineering hours. That level of polish used to be reserved for big tech only. Now a 5-person startup can achieve the same craft density if they execute properly on areas with impact. The nuance: Yes, some startups won't need heavy capitalization anymore. But the very best teams understand capital as leverage, not just runway. They'll use it to move faster, hire specialized talent, and build experiences that still require serious resources.