![]() It’s our society that has embraced the competition ideology. Thiel says it’s just economists who frown over monopolies and love competition. Stay away from competitive markets: they destroy profitsĤ. Improve on the competition: don’t try to enter new markets prematurelyĤ.ğocus on product, not sales: if you need sales, your product is not goodġ.ěetter to risk boldness than trivialityģ. Stay lean and flexible: plans are seen as a straight jacket. Make incremental advances: the only safe pathĢ. Peter Thiel says that the dot.com bubble taught entrepreneurs four fake big lessons:ġ. Zero to One: The Vertical & Horizontal Way The author says that nobody can see the future, but we know two things about it: it will be different, and yet it will be rooted in today’s world. If things change drastically over the course of a decade, then the future is now. If society doesn’t change for a thousand years, then the future is a thousand years away. Peter Thiel says that the future is only the future if it’s different from today. Your best bet then is to learn the mindset of going from zero to one: The next Zuckerberg won’t build a social network and the next Larry Page won’t build a search engine. He is most famous for having launched PayPal with Elon Musk.Įvery major moment in business happens one time only. About The Author: Peter Thiel is a billionaire startup entrepreneur, investor and venture capitalist. ![]()
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