Most of the value in tech companies exists far in the future, often beyond a decade, which is why growth rates are often overvalued compared to long-term durability.

Founders should think long-term about their commitment to the company. Those who plan for the long haul have a significant advantage over those who only consider short-term goals.

A durable competitive advantage is essential; you want an advantage that will sustain itself without overwhelming skill for a long time.

When considering the future of a company, it's vital to ask whether it will still be the leading company in 10, 15, or 20 years.

When evaluating new technologies, it's important to consider their long-term viability rather than just their initial hype.

While new technology can create short-term growth, it's essential to remember that the fundamentals of building a sustainable business still apply.

For a company to build lasting value, it must ensure customer retention over time, as future cash flows are essential for establishing enterprise value.

It's essential to not only achieve a technological breakthrough but also to ensure that your innovation remains the last significant advancement for a long time.

The long-term value of companies will ultimately depend on their ability to solve real customer problems and generate sustainable revenue, as seen with major tech firms like Google and Meta.