I’ve been an avid fan of the Acquired Podcast for a few years now. Ben Gilbert and David Rosenthal do a great job of analyzing tech companies.
They frequently reference the strategic framework outlined in Hamilton Helmer’s 7 Powers.
Hamilton Helmer writes that there are 7 Powers that give a business a competitive advantage:
- scale economics
- network economics
- switching costs
- cornered resource
- process power
The Acquired Podcast recently had Hamilton Helmer on the show.
One major takeaway from the podcast: when building a successful company, product market fit is just the first challenge.
The second challenge is finding Power so that you can build a defensible business with long-term sustainable margins.