"William Carey chides his countrymen for deciding it would be impossible for the Gospel to travel over great distances and to penetrate varied cultures when they are willing to face the same trials for the sake of commerce."

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When we look at investing, we always think about 'how defensible is this, how likely is it that somebody is going to copy this.' E-commerce tends to be something easy to copy because it's execution.

— Niklas Zennstrom