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    1. The first four or five years of our existence, we had no competition. Given how important search is to make AI work in the enterprise, every single company in the world wants to be in this space.

      Four to five years of monopoly in enterprise AI search is an extraordinary runway that most startups never get. The resulting head start in integrations, customer trust, and institutional data access may prove more defensible than any single model capability — a moat built on connectors and enterprise relationships, not algorithmic advantage.