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TechMeme April 28, 2026

Q&A with Evan Spiegel on why distribution is the most important moat in consumer tech, investing in Specs, 2026 as a "crucible" moment for Snap, and more (Lenny Rachitsky/Lenny's Newsletter)

Evan Spiegel says distribution is the most important moat in consumer tech. Only two consumer apps broke through in 15 years. Every major Snapchat feature was cloned.