Investment Thesis
January 27, 2026
5 min

Infrastructure Moats: The Playbook

Most moats are temporary. Product features get copied. First-mover advantage fades.

At Second Order Ventures, we build Infrastructure Moats that compound. Here's the playbook:

1. Control Coordination

We don't just sell tools; we own the workflow. When you become the operating system for a core function, you turn coordination from a risk into a controlled asset.

The key insight: coordination compounds. Every additional customer, workflow, or data point makes the infrastructure more valuable—not just to you, but to every participant in the ecosystem.

2. Reinvest Efficiency

First-order effects ($30M+ in resource optimization) are just the beginning. The real win is reinvesting those gains to triple capacity and capture market share.

This is where most companies fail. They take the efficiency gains and distribute them to shareholders. We reinvest them into infrastructure expansion, creating a flywheel that competitors can't match.

Real example: We helped a $10B+ life insurance company achieve $30M+ operational optimization. Instead of pocketing the savings, we reinvested in AI agent capacity, elevating 9,000 human agents to high-value client retention and sales work.

3. Compress Competitor Margins

Infrastructure control allows you to reduce costs at a rate competitors can't match. This forces market consolidation.

When you own the infrastructure layer, your unit economics improve with scale while competitors' economics deteriorate. Eventually, they can't compete on price, quality, or speed—forcing them to consolidate or exit.

The Second-Order Effect

This isn't theory. This playbook drove $30M+ optimization for a $10B+ life insurance company while elevating 9,000 agents to high-value work.

The result? A moat that deepens with every customer interaction, every workflow optimization, and every data point collected.

Infrastructure moats compound. Product moats fade.


Ready to discuss infrastructure strategy for your portfolio? Schedule a conversation.

Tags:infrastructuremoatsstrategycompetitive-advantage
DW

Derek Wang

Founder & Managing Partner

Derek founded Second Order Ventures to build infrastructure-level AI businesses that create compounding, defensible returns. He focuses on operational transformation, governance engineering, and EBITDA discipline.

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