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Thesis2026-05-02
Regulation is a moat, if you arrive early enough
Compliance work looks like drag until it becomes the reason a buyer cannot switch away from you.
Founders often apologise for the eighteen months spent on audit trails and validation. They should not. That work is the distribution strategy.
In healthcare and financial services, the buyer's real question is not whether your model is better. It is who signs the attestation when it is wrong. Companies that answer that question in writing win procurement cycles their competitors never see.
