Alex Rossie
I build companies and I fly aircraft. I write here about AI, markets, and history.
- Distribution is the new moat: every company is an AI wrapper now
Lovable is worth $6.6 billion and owns no model. Strip out the exuberance and the price is for one thing, the demand. A lab can clone the product. It cannot inherit the customers.
- What the machines hand back
The looms took the weaving. They did not take the worth of cloth. Three hundred years of automation say the value does not evaporate, it moves, and it keeps moving to the same three places.