Larry Ellison says data is the resource that decides the AI era. That is becoming the consensus. It is right, and only half the picture.

Proprietary data is a head start, not a moat. A head start depreciates the day a better model ships. A moat is proprietary data that compounds. That loop is the data flywheel.

A great flywheel has a clear shape. The cost of adding one more data point keeps dropping, while the value of each new point keeps growing. The more data you hold, the more value the customer gets, and the easier it becomes to gather the next.

Proprietary alone is a countdown. Proprietary plus a flywheel is a moat. So there is one real question to ask an AI company about its data. Does it compound.

Show me the flywheel. Grove Ventures