THE NEW MONEY IS MOVING UP THE STACK

Think about this: AI makes execution cheaper.

Therefore execution becomes less scarce.

What becomes scarce?

Strategy Knowing what to build.

Distribution Knowing how to reach people.

Trust Getting people to believe you.

Data Having useful proprietary information.

Taste Knowing what's actually good.

Relationships Having access to customers and networks.

Systems Connecting everything together.

Capital Being able to scale what works.

This is why I wouldn't advise you to compete purely on:

I can build websites.