Your Source Code Is Worthless. Here’s What Actually Protects Your Business.
We treat proprietary source code like a crown jewel — encrypting it, gating it, losing sleep over leaks. But for most software companies, the code is the least defensible asset they own. The real moat is network effects, brand trust, operational complexity, and switching costs. If your code leaked tomorrow, your competitors still couldn’t replicate your business — and that realization should completely rewire how you think about security, IP, and where to invest engineering resources.