The moat stage in Chen's Cold Start Theory is not mentioned in the provided content. However, in general, the moat stage refers to the point where a product or service has established a significant user base and has created a 'moat' or barrier to entry for competitors.
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When a networked product launches, it faces a chicken-and-egg problem: people need to use it for it to be worth anything. So how do you start the very...
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When a networked product launches, it faces a chicken-and-egg problem: people need to use it for it to be worth anything. Think of Facebook, Slack, or Airbnb. So how do you start the very first network without a basis to work from? Andrew Chen, General Partner at Andreessen Horowitz, calls this the Cold Start Problem.