"data talks BS walks", page-6

That's what some people seem not to be aware of - GSW's tech is not novel. There are quite a few companies established in the space. Folks seem to agree that the GSW platform is good and stable, but the tech is not unique. When I asked on the boards what GSW's moat was - I only got one response: the superiority of the platform. That is a big plus of course. But, the tech is not unique and it's not hugely capital intensive to set up.

Sorry to harp on it - but it's important to the current valuation but not something people are talking about.