What's your startup's competitive advantage?
pedalpete: I think when VC's talk competitive advantage they are obviously looking for what sets you apart from the competition, but I suspect they want it framed in such a way that it speaks to the lock-in factor.If your competitive advantage is that you have the best UI, that isn't good enough, because that can be copied. What sets you apart which your competitors can't replicate, or which puts up barriers (assuming you have some market share).Those are my thoughts.