Exactly. Or think Lululemon— “wow, clothing, no moat”. And look at them. 20bn company or something.

Lululemon was able to figure out how to market a premium product that can fetch far more profit margin than razors to wealthy clientele.

The opposite, marketing lower priced items because they have a lower price limits profit potential unless you have some technological advancement that really drives down cost.

Actually the model really doesn't make much sense in long run. You are essentially the one starting race to the bottom. And if others join in, you together end up at the bottom. Which I don't think is optimal for anyone participating.

> Which I don't think is optimal for anyone participating.

There are 'visionaries', who want 'to change the world' and there are people who knows what they can start a business, make it profitable and then move on with profits.

Hayley Barna moved on in 2015.

If your choice is to 'change the world' then of course it's not 'optimal'.

I kind of disagree there. Lululemon make high quality clothing and there’s a lot of quality differentiation in the fashion market. Razor blades on the other hand… meh.

Most businesses don't have moats other than execution/logistics/etc. That works out fine for them.