How To Build The Next Billion Dollar Startup | Forbes

A frank conversation with legendary tech investor Peter Thiel.
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Пікірлер: 489

  • @jetliigor
    @jetliigor6 жыл бұрын

    Billion dollar start ups always make us think the same thing. "Why didn't I think of this because it makes so much sense" .

  • @mehdigharib4710

    @mehdigharib4710

    4 жыл бұрын

    Survivorship bias

  • @censura1210

    @censura1210

    4 жыл бұрын

    it's not about "thinking" about some ide but it's about executing and improving upon it for years and years without stopping until it becomes something or is at least profitable and self-sustained. Or even better, taking an existing successful idea and making it simpler, more useful and more intuitive which of course is going to take you months if not years of ruthless execution. It's never about the best idea, it's almost always about the best strategy and execution.

  • @yujirohanma5332

    @yujirohanma5332

    4 жыл бұрын

    @@mehdigharib4710 exactly

  • @farhadkarimi

    @farhadkarimi

    4 жыл бұрын

    Mehdi Gharib i don’t understand how that’s survivor bias can you explain

  • @warhag

    @warhag

    3 жыл бұрын

    @@farhadkarimi not all companies with ideas "that make so much sense" make it. Most good ideas get killed by bad timing or bad execution or bad luck. You only see those who made it or survived, therefore survivership bias

  • @slingboi
    @slingboi5 жыл бұрын

    "A bad plan is still always better than no plan at all... Have a plan, you can always change it" - Peter Thiel 8:08

  • @ChaceBonanno

    @ChaceBonanno

    3 жыл бұрын

    If you fail to plan, you to plan to fail

  • @satoshinakamoto7253

    @satoshinakamoto7253

    2 жыл бұрын

    the grass is green

  • @gai6320

    @gai6320

    2 жыл бұрын

    @@satoshinakamoto7253 Sky is blue

  • @cheesemouse7774

    @cheesemouse7774

    Жыл бұрын

    George Patton had a plan. The "puppet masters" didn't let him complete it. They made a big mistake. He was correct in his evaluation of the situation.

  • @aldrickwa6895

    @aldrickwa6895

    Жыл бұрын

    Even if the plan fails, you can always learn from it.

  • @mattpredictsofm.
    @mattpredictsofm. Жыл бұрын

    Personally, I think it all boils down to accessible opportunity.

  • @admillerrr

    @admillerrr

    Жыл бұрын

    Totally! Most of this startup tech ceo/innovative only had an accessible opportunity. Also, financial advice is crucial before getting into a sector with little or no knowledge. The opinion of an expert cannot be overestimated.

  • @Ryanjcanfield

    @Ryanjcanfield

    Жыл бұрын

    @@admillerrr Interesting stand and yes i do concur. Matter of fact, i think financial advice should be top priority especially with beginners. Also, consider myself, having faced my fair share of the bad side of the market, I was able to realize how important capital, time and vision mattered with every trade entry. Fortunately, I have been able to build up a $138k portfolio with an average of about a 9.3% roi following - Yvonne Annettes Lively guide. The market is an ocean and not a lake

  • @hueymorello5115

    @hueymorello5115

    Жыл бұрын

    @@Ryanjcanfield the finpreneur from the fin week podcast? where she talked about debt being the fuel to the economy? Interesting. Isn't she sorta priced for 11% monthly roi? I mean Yvonne Anette Lively

  • @bradsandler3526

    @bradsandler3526

    Жыл бұрын

    @@hueymorello5115 it's actually a 9.4% I ooked her up earlier. Pretty detailed records on there

  • @joeribonnewits412

    @joeribonnewits412

    Жыл бұрын

    easy excuse

  • @terrythompson7535
    @terrythompson75354 жыл бұрын

    You can't just follow your "passion".. I did that, sacrificed everything for it and ended up with nothing. There MUST be a demand for what it is that you are producing! The human value system is based on scarcity.. if you are offering people sand, they will not care to purchase it from you! Even if your sand is the best.. even if your sand looks like diamonds. So I roll my eyes at people who talk about "passion", because there are plenty of extremely successful, extremely wealth people providing services to us that are not necessarily pleasant for them to provide. I'm sure no one is "passionate" about sewage systems.. but they are necessary.

  • @SanoKei

    @SanoKei

    4 жыл бұрын

    Well in mho the idea of passion is being able to take the idea you love and pivot it.

  • @usedtissue1073

    @usedtissue1073

    4 жыл бұрын

    Did you sell sand?

  • @SanoKei

    @SanoKei

    4 жыл бұрын

    @@usedtissue1073 sand is actually valuable for concrete. He probably sold rock.

  • @terrythompson7535

    @terrythompson7535

    3 жыл бұрын

    @@usedtissue1073 I tried to sell music. It's even worse..

  • @Patrickmwai87

    @Patrickmwai87

    3 жыл бұрын

    @@terrythompson7535 You tried right, why did you stop? keep selling all day everyday, learn more repeat until it works out

  • @reinforz
    @reinforz Жыл бұрын

    Peter Thiel's view on launching a successful startup is always enlightening. I like how he emphasizes the need of establishing a monopoly in your business rather than simply competing in a crowded market. This interview contains a wealth of useful information.

  • @drownedwhale

    @drownedwhale

    7 ай бұрын

    I am agree with you, and I think you have to check his book 0 to 1

  • @samaila241
    @samaila24110 ай бұрын

    Listening to 'Zero to One' by Peter Thiel again has been really thought-provoking. Here are my key takeaways: ✅ The best businesses are doing something no one else is doing. ✅ Find a problem that wouldn't otherwise get solved. ✅ Find an area that you love and that others are overlooking. ✅ Make a great product that can get better over time, not a mediocre product that needs fixing.. ✅ Think ahead and anticipate how your product, your competitors, your technology and your world will change. ✅ Start a company with people you trust and know well. I'm curious whether these ideas can also apply to businesses that are not startups.

  • @Sovereign_Citizen_LEO
    @Sovereign_Citizen_LEO8 жыл бұрын

    I think his message is very accurate, truthful, and well spoken.

  • @Askar355

    @Askar355

    7 жыл бұрын

    for introvet genius, who wants to change the world and always was better than everybody else around him, otherwise these advices are harmful

  • @Om-id1qr

    @Om-id1qr

    5 жыл бұрын

    K

  • @dogestranding5047
    @dogestranding50478 жыл бұрын

    This guy is one of the best VCs out there. He definitely knows what he's talking about.

  • @quantumsystems9382

    @quantumsystems9382

    8 жыл бұрын

    +Bryan Wheelock Hes the best team builder in the world. Everyone that was in the PayPal mafia went on to become billionaires. Elon musk became a billionaire, the linked in cofounder , the guys that made KZread etc. Everyone on Peter Thiel's paypal team went on to make millions and change the world. People dont even know that.

  • @dogestranding5047

    @dogestranding5047

    8 жыл бұрын

    +Void Lotfi I feel that his advice not to create the next big "Facebook, or Google" etc is kind of bad. There won't be competition if people don't try that. Most hedge funds are also startups.

  • @jhoktwenty1286

    @jhoktwenty1286

    8 жыл бұрын

    +Bryan Wheelock you will never beat google with a search engine. You will never beat facebook with a social network (unless you make it really different, like instagram or twitter did). So the thing is, you have to do something that hasn't been done.

  • @dogestranding5047

    @dogestranding5047

    8 жыл бұрын

    Jhok Twenty investment partnerships have already been done and they are enormously profitable.

  • @jhoktwenty1286

    @jhoktwenty1286

    8 жыл бұрын

    Bryan Wheelock what does that have to do with anything i said? we are talking about start ups, not investing in other people's companies or startups.

  • @radualbastroiu7730
    @radualbastroiu77307 жыл бұрын

    Peter Thiel's book Zero to One is great, I recommend it

  • @irfanulkarim4992

    @irfanulkarim4992

    5 жыл бұрын

    *Recommend*

  • @mattmarkus4868

    @mattmarkus4868

    5 жыл бұрын

    It *really* is.

  • @bag21bean

    @bag21bean

    5 жыл бұрын

    Albastroiu Radu recommend**

  • @a-note76

    @a-note76

    4 жыл бұрын

    Command it

  • @vale-zx8ws

    @vale-zx8ws

    3 жыл бұрын

    @@Intraday_Trading_Call_Options 🤣🤣🤣

  • @gregorblaszczyk2850
    @gregorblaszczyk28505 жыл бұрын

    It's often amazing how hard it seems for many people to understand that there aren't any quick fixes or easy solutions for things that really matter

  • @startuplifejonezie4057
    @startuplifejonezie40577 жыл бұрын

    This is awesome!! Peter Thiels Zero to One has been a huge inspiration for our startup company.

  • @ShubhamSinghYoutube

    @ShubhamSinghYoutube

    3 жыл бұрын

    What's your start-up about?

  • @_ADHK293A_
    @_ADHK293A_2 жыл бұрын

    Watching this video ... I remembered that I always wanted to work on company that solves climate change and produces outstanding quality food to repair our DNA. This is meaningful to me. I almost forgot it while seeking the next tech unicorn. I'm going to do it. Thank you Peter, and thank Forbes for this content.

  • @testing6753

    @testing6753

    Жыл бұрын

    how's the progress?

  • @isagiyoichi5207

    @isagiyoichi5207

    Жыл бұрын

    @@testing6753 bro forgor 💀

  • @calicoesblue4703

    @calicoesblue4703

    Жыл бұрын

    @@testing6753 Yeah, I came to ask the same thing.😎👍

  • @therevaluation5826

    @therevaluation5826

    Жыл бұрын

    did you even started yet ?

  • @Sam-ed7jz

    @Sam-ed7jz

    5 ай бұрын

    Volcanos spit out more C02 than the entirety of all human civilization. So try to figure out how to stop volcanos from erupting.

  • @ZachBoughaffour
    @ZachBoughaffour9 ай бұрын

    Launching my company soon - wish me luck boys.

  • @kushagrabainsla1641
    @kushagrabainsla16416 жыл бұрын

    This man is packed with some serious knowledge.

  • @tyrones3535
    @tyrones35356 жыл бұрын

    You have confirm what I have been saying to myself...doing something that you are passion about. I'm glad I watch this video.

  • @pikagelaum
    @pikagelaum9 жыл бұрын

    I am brasilian, work really hard all my life outside the areas that i liked and aint in a great college. Today I work at one company I've always admire and am passioned about, in the area that i've always wanted to act. It wasnt easy, required A LOT of planning and some luck. Thanks for the great ideas that you guys are spreading. I hope one day I work with thoose people.

  • @danoblk
    @danoblk5 жыл бұрын

    Timing is everything!

  • @mikeharvey
    @mikeharvey Жыл бұрын

    Born out of necessity to change, I created The Roof Resource. We are changing the entire residential roofing industry.

  • @pulsemediagroupuk
    @pulsemediagroupuk8 жыл бұрын

    Simple, straight forward pointers

  • @EaglePeakTV
    @EaglePeakTV9 жыл бұрын

    This video is so great!

  • @h3um
    @h3um7 жыл бұрын

    I love the Theil's body language when Winklevoss are mentioned. "RUN, RUN from here!"

  • @cellocovers3982

    @cellocovers3982

    3 жыл бұрын

    12:40 timestamp

  • @bossgd100

    @bossgd100

    3 жыл бұрын

    @@cellocovers3982 thanks

  • @lenievillarante6611
    @lenievillarante66112 жыл бұрын

    I do believe that outstanding leaders are Visionaries who see things quite differently. And these people don’t do competition they do things with pure intentions which I certainly admire as they are genuine or authentic ,and the moment we talked to them, they just simply get it what the problem is.

  • @akshaysaraf6865
    @akshaysaraf68655 жыл бұрын

    Such a brilliant question!! @3.15 He took care of everyone in it.

  • @askariabdulshakur1260
    @askariabdulshakur12606 жыл бұрын

    thank u for the information

  • @MichaelCobbs
    @MichaelCobbs3 жыл бұрын

    This is a great interview.

  • @alexandraromanova3245
    @alexandraromanova32458 жыл бұрын

    good advices! thanks!

  • @saurabhpagare2011
    @saurabhpagare20114 жыл бұрын

    very good questions and answers too thank you

  • @taxberrymochi
    @taxberrymochi4 жыл бұрын

    People pay for fantastic experience and quality of time. Make everything simple. You can not miss Special needs customers. They know quality.

  • @tonysamaniego7875
    @tonysamaniego78755 жыл бұрын

    There is so much value in this interview

  • @shedishedi198
    @shedishedi1986 жыл бұрын

    What a nice personality!!!

  • @DheerajBhaskar
    @DheerajBhaskar3 жыл бұрын

    The interviewer is really good. He's present, listening, asking good questions, letting the speaker speak and cracking good jokes to boot. I couldn't find his name, anybody know?

  • @DheerajBhaskar

    @DheerajBhaskar

    3 жыл бұрын

    Bruce upbin

  • @reeyaz5803

    @reeyaz5803

    3 жыл бұрын

    @@DheerajBhaskar peter thiel

  • @EvaGreenFanPennyDreadful
    @EvaGreenFanPennyDreadful8 жыл бұрын

    damn he's so smart and well-spoken lol

  • @ytfeverguy8367
    @ytfeverguy83676 жыл бұрын

    I like listening to Mr. Thiel. It occurs to me that his perspective is a little jaded by his enormous success. Even a mediocre business can be enough to get you up in the morning if its even somewhat profitable. But Thiel makes some important points about success.

  • @victormendoza3295
    @victormendoza32956 жыл бұрын

    I do believe there is value in being the 10th company. The value in one's own financial freedom and value in motivating the 1st company to stay the 1st and for that 1st company to provide top-of-the-line products as a result of competition vs becoming lazy being a monopoly.

  • @jzk2020
    @jzk20208 жыл бұрын

    The biggest problems are in "emerging countries".... Solve them... become a billionaire all day, every day.

  • @rm187loco

    @rm187loco

    8 жыл бұрын

    Thanks

  • @BraintemOrg

    @BraintemOrg

    8 жыл бұрын

    +C. Lincoln Corruption. You have to figure out how to solve that. The politicians of that country, would they allow you to succeed? India rejected facebook's free internet.

  • @stundown

    @stundown

    8 жыл бұрын

    +Braintem I'm Indian , there are many reason why our government has rejected facebook's free internet. Number 1 is he had an alliance with reliance company where you can use facebook free internet only if you make use of reliance sim or any reliance services. This is basically against net neutrality . Do not try to fool us dear americans.

  • @vishalsheth1888

    @vishalsheth1888

    8 жыл бұрын

    +Braintem It wasn't the politicians that rejected free basics, the people did. The controlling agency opened up a poll for a month for people to put forward their thoughts and most of them said no.

  • @BrownGuyAyush

    @BrownGuyAyush

    6 жыл бұрын

    Sounds so easy. Why didn’t you do that ?

  • @esmeralddedushaj3598
    @esmeralddedushaj35982 жыл бұрын

    It's dangerous how smart Peter Thiel is!

  • @antonkirk5526
    @antonkirk55264 жыл бұрын

    I need start my company before someone else beats me because no one else has done it and will change a entire industry

  • @antonkirk5526

    @antonkirk5526

    3 жыл бұрын

    @TheBlondie NightLife / night entertainment

  • @dk8770

    @dk8770

    3 жыл бұрын

    Don't rush your idea because of this reason. Usually something your idea is about already exists but maybe in an other shape or form. Dive into your idea, make a business plan on how you want your business to really be. Quality over quantity. Patience is one of the most important characteristics that most young entrepeneurs like me, are struggling with. Focus on the small first, and only then you'll be able to grow.

  • @raulromani7357
    @raulromani73575 жыл бұрын

    A bad plan is better than no plan at all. Don't set you up for failure and start planing right now. 8:00

  • @redarX
    @redarX6 жыл бұрын

    After watching this.. You would feel like you're gonna be the founder of the next billion dollar company.

  • @xhorizon1976

    @xhorizon1976

    5 жыл бұрын

    Most people are too scared to start a company lol

  • @Channel-gv2gw

    @Channel-gv2gw

    4 жыл бұрын

    Yes ..We Are ...✌️

  • @klppdc

    @klppdc

    3 жыл бұрын

    @@xhorizon1976 Most people don’t have the funds to start a company and support their family.

  • @SantoshLLC

    @SantoshLLC

    2 жыл бұрын

    @@klppdc Most people have good excuses when it comes about starting a risky project

  • @armada70

    @armada70

    2 жыл бұрын

    @@SantoshLLC You're right. And as a matter of fact if we deeply follow his advice our chances of starting a billion dollar business exponentially increases.

  • @1nherit0r
    @1nherit0r9 жыл бұрын

    Some good advice in this talk... Thanks, Mr. Thiel. We'll be in touch soon.

  • @brandonreed09
    @brandonreed094 жыл бұрын

    Facebook wasn't the first social network, Google wasn't the first Search Engine, Microsoft didn't build the first operating system, Apple didn't build the first Touch Screen Phone. All these companies build disruptive versions of these innovations that were simpler and less expensive than the competition.

  • @crispinhandly6159

    @crispinhandly6159

    3 жыл бұрын

    They weren't simpler, they all had features or functions that other companies didn't have at the time. Zuckerburg thought of making the site a type of phone book for the internet with people's information displayed for others. The whole starting with colleges and making it exclusive was important in it's beginning, but that's not what the product was all about. It was just a catalyst. It was a way for people to look up others online and find out information about them. It wasn't just about connecting with friends like Myspace and Friendster. Zuck wanted to build a directory. The world's largest one. Myspace wanted to build a hangout. Google created the concept of Pagerank, which separated it from other search engines and made searches more relevant. Before Google, no search engines thought "Hey, what if we ranked websites based on how other websites vouch for them. If a site has many links going to it, it ranks higher because other sites are vouching for it". This was MAJOR. These types of functions are the product, not the "social network" or "search engine" wording that might tell you what the site is. Yes, lots of sites have that wording and are called these things, but these sites operate so extremely differently that they can be in a product class all their own.

  • @brandonreed09

    @brandonreed09

    3 жыл бұрын

    @@crispinhandly6159 sorry but that's your opinion, not an objective fact.

  • @crispinhandly6159

    @crispinhandly6159

    3 жыл бұрын

    @@brandonreed09 No you're just not familiar enough with these websites or their histories so when presented with objective facts you view them as opinions. You come to Facebook and you don't see as many bells and whistles as Myspace. You see Google is just a white page with a single box. You ASSUME this means they are simpler and cheaper. All you know about these sites, clearly, is what you see when you look at their homepage. THAT is not objective. Things I mentioned such as Pagerank and Exclusivity and Zuck wanting a directory are in the documentaries, the movies, the interviews from the founders, etc. It's all well-documented. You think I just came up with Pagerank as opinion? I just came up with that concept out of thin air? Obviously this has such an extremely long Wikipedia page and millions of results in Google discussing it because of it's significance to Google.

  • @Polapola23

    @Polapola23

    Жыл бұрын

    I think the conclusion is that the idea of connecting people online already existed but Facebook did something different. In that sense I think it’s not zero to one but more like 0.5 to 1

  • @donrichardson5132
    @donrichardson51325 ай бұрын

    This is my favorite video that ever existed 🔥🔥🔥🔥

  • @icaroamorim3123
    @icaroamorim31234 жыл бұрын

    3:45 Excellent question

  • @davidkincade7161
    @davidkincade71615 жыл бұрын

    Great talk

  • @PlayfulPress
    @PlayfulPress3 жыл бұрын

    Would have preferred better questions with skepticism however good information shared!

  • @willcline9404
    @willcline94042 жыл бұрын

    Well done interview

  • @bricoartsobras368
    @bricoartsobras3684 жыл бұрын

    solve problems that affect lots of people, either in new ways or improving the existing ones

  • @wealthplanet9905
    @wealthplanet99052 жыл бұрын

    amazing content for entrepreneurs

  • @ParaParagon
    @ParaParagon8 жыл бұрын

    Peter Thiel always has an interesting take on entrepreneurship.

  • @AX1A

    @AX1A

    8 жыл бұрын

    +ParaParagon Not sure about that -- Found him interesting the first time, but after listening to more than 1 talk there seemed to be an inordinate amount of repetition.

  • @ParaParagon

    @ParaParagon

    8 жыл бұрын

    +blanket X yeah.. maybe if I cross-out the word "always" then my sentence would have more validity.

  • @Business-StartUpQatar
    @Business-StartUpQatar2 жыл бұрын

    Great video

  • @EaglePeakTV
    @EaglePeakTV9 жыл бұрын

    This video is so great

  • @mistersipan2

    @mistersipan2

    7 жыл бұрын

    Brandon Stevens im

  • @redthunder6183
    @redthunder618311 ай бұрын

    I think the “timing” factor would be better worded as “need”. All of the examples of good timing display immense a need by the people

  • @lancesay
    @lancesay4 жыл бұрын

    perfect...

  • @Anonymous-bc6zl
    @Anonymous-bc6zl4 жыл бұрын

    This guy is super smart oh.. and rich!

  • @rohitanshu_rp_1642
    @rohitanshu_rp_16423 жыл бұрын

    To make your startup successful,the most important thing is that you should love your work,your unique concept and try to solve the biggest problems even if the odds aren't in your favor.!!!

  • @rohitanshu_rp_1642

    @rohitanshu_rp_1642

    3 жыл бұрын

    @TheBlondie There isn't just one tech hub in the world.Cities like Bangalore in India,Berlin in Germany and Shanghai in China have created numerable breakthrough tech companies.The fact is that, not all cities or countries have the same level of demand of technological advancement.If you try to sell a Software at tribal area of Ghana,will they be interested in it? No!!! So,the point is that,you should sell your products to those who want it,who need it and who can use your product in their day to day work.

  • @BabarKhan-zh8xb
    @BabarKhan-zh8xb3 ай бұрын

    I read that book, its very average book, ideas and his advices are already commonly known, I was expecting something different something for regular startups , for regular entrepreneurs. but I still recommend it to anyone who is in a mid of starting something some buznz i mean.

  • @NishantChoudharyJi
    @NishantChoudharyJi3 жыл бұрын

    Great explanation

  • @kirawest5264

    @kirawest5264

    3 жыл бұрын

    Hello I have a business proposal for you

  • @byduhlusional
    @byduhlusional4 жыл бұрын

    14:20 This was always the most interesting part to me about Mark. I remember watching an interview with Steve Ballmer, and he said he offered 20B+ for FB in 2009 and Zuckerberg had no interest.

  • @MrClockw3rk

    @MrClockw3rk

    Жыл бұрын

    Right, because he saw the growth statistics and knew it would be worth more later.

  • @MrAshay12
    @MrAshay124 жыл бұрын

    The end was supper lit, no one valuates the future

  • @manolete340
    @manolete3405 жыл бұрын

    What is the book he refers to? Is it by Peter Thiel?

  • @onism5359
    @onism53595 жыл бұрын

    *95% of companies make less than a million/year and only 0.00002% of companies make a $1B or more.*

  • @anantagarwal5380

    @anantagarwal5380

    4 жыл бұрын

    Why cant we be on the 0.00002% side? Think ppsitive bro

  • @cheesemouse7774

    @cheesemouse7774

    Жыл бұрын

    "I AM"... Use them and speak it into existence.

  • @cluezone234
    @cluezone2343 жыл бұрын

    He is so smart and ginus .

  • @kirawest5264

    @kirawest5264

    3 жыл бұрын

    Hello I have a business proposal for you

  • @lionkor98
    @lionkor986 жыл бұрын

    I love how the comments are just bashing on Thiel... Who of the two has cofounded facebook; you, sitting here watching "How To Build The Next Billion Dollar Startup" videos or Thiel. sad, really...

  • @mattmarkus4868

    @mattmarkus4868

    5 жыл бұрын

    It's just driven by angry politics, pay no attention.

  • @brandondaniels9471

    @brandondaniels9471

    5 жыл бұрын

    It's why there are few winners... and most people in even great societies are "non-winners."

  • @Beatyoutoit34

    @Beatyoutoit34

    4 жыл бұрын

    Sour grapes syndrome

  • @ravindertalwar553
    @ravindertalwar5532 жыл бұрын

    NO TEARS NO FEARS ONLY CHEERS AND CHEERS FOR ALL NEARS AND DEARS

  • @gdal3
    @gdal34 жыл бұрын

    What is Thiel's book the interviewer is talking about?

  • @Jo-cn4wk

    @Jo-cn4wk

    4 жыл бұрын

    Guilherme Lourenço zero to one, it is amazing book it changed my life

  • @magdalenasitkiewicz3340
    @magdalenasitkiewicz33402 жыл бұрын

    Amazing video! I recently started my own company. I started using the Firmao CRM system adapted to my small business. Thanks to this, I manage the company better. Maybe I can be successful.

  • @zombiemillionaire6397
    @zombiemillionaire63974 жыл бұрын

    I've Injoyed this video. Good to hv this reassurance. My Business has zero competision because I believe building it is so difficult and I'm not letting this stop us from doing it. We're only 20 Million a month and mot a billion $ Business but still work it.

  • @kasdimfer5156

    @kasdimfer5156

    3 жыл бұрын

    whats your business

  • @zombiemillionaire6397

    @zombiemillionaire6397

    3 жыл бұрын

    @@kasdimfer5156 community service app.

  • @kasdimfer5156

    @kasdimfer5156

    3 жыл бұрын

    @@zombiemillionaire6397 name?

  • @zombiemillionaire6397

    @zombiemillionaire6397

    3 жыл бұрын

    @@kasdimfer5156 Not up yet. Hiring Filipinos to aquire and Input information at the moment.

  • @zombiemillionaire6397

    @zombiemillionaire6397

    3 жыл бұрын

    @@kasdimfer5156 From my wording in the above comment, I hope you did not take that as "Were making 20 Million a Month" I was just saying that it's not a Billion Dollar a month business but could be a $20 Million a month business.

  • @55deepak555
    @55deepak5553 ай бұрын

    10:12 is hilarious 😂, from the outside everybody wanted to get in but from the inside everybody wanted to get out.

  • @sultanaljuhani1571
    @sultanaljuhani15716 жыл бұрын

    What is the name of the company that found Bun laden? Sounds very interesting technology

  • @jimihendrixx11

    @jimihendrixx11

    6 жыл бұрын

    Sultan Alrefaie Palantir. Big-Data.

  • @markabramov3410
    @markabramov3410 Жыл бұрын

    Awesome

  • @vishxl
    @vishxl3 жыл бұрын

    Not by watching videos on becoming successful but taking actions

  • @linxinli1792
    @linxinli179215 күн бұрын

    Good video

  • @schlirf
    @schlirf7 жыл бұрын

    Enjoyable to watch, now lets see if I can put it to work for Vets. ; )

  • @michelakiki349
    @michelakiki3495 жыл бұрын

    Guys, I’m a little bit confused about something. After reading zero to one and watching this video I must say that I agree with Peter mostly, however the part where I get confused when he says you must start something completely new that nobody else is doing in order to create a successful company. You see Sam Walton built Walmart in a very competitive market and even copied successful retailers formula . Jack ma wasn’t the first to start an e commerce business but he a billionaire now and his model is similar to amazon and eBay and Toyota’s founder copied ford and other car companies after he visited America and eventually Honda also started in japan after Toyota. So I think there are instance where start up have copied successful companies and become successful in the process. Rockefeller built the biggest monopoly in a very competitive market too.

  • @venmis137

    @venmis137

    3 жыл бұрын

    I think the principle still applies. The example he mostly uses (and that most people imagine) is essentially creating a new market. Since you created the market, there is no competition and you can truly dominate the market. But the principle can also apply to pre-existing markets. You can still compete in an existing market, whilst doing things nobody else is doing. Cheaper prices being an example (afaik Walmart and Amazon). Tesla could probably also be an example, since at the end of the day it's still a car company. But it did something nobody else was doing, electric cars. Also I think Standard Oil used some methods to create their monopoly that would today be illegal (like predatory pricing).

  • @klppdc

    @klppdc

    3 жыл бұрын

    Copying business model is always safer however you also have to compete and succeed. But if the pie is big enough, multiple players can dominate the market and succeed at the same time. Boeing and airbus come to mind.

  • @adityawirawan

    @adityawirawan

    2 жыл бұрын

    It was explained in Ch 5 of Zero to One. Last mover advantage. The examples that you write fall under that Ch 5 explanation.

  • @gcg8187

    @gcg8187

    Жыл бұрын

    @@venmis137 lol universities have predatory pricing

  • @nhlanhlabhengu5006
    @nhlanhlabhengu50062 жыл бұрын

    When the interviewer knows what he is doing 👌🏽

  • @ravindertalwar553
    @ravindertalwar553 Жыл бұрын

    CONGRATULATIONS 👏👏 AND LOVE ❤️ FROM RAVINDER TALWAR JALANDHAR CITY PUNJAB INDIA

  • @leighsilver9630
    @leighsilver96307 жыл бұрын

    Want more info on how to build a startup? Check out BroadMic's Startup Shortcuts: itunes.apple.com/us/podcast/broadmic-startup-shortcuts/id1085769274?mt=2

  • @emmanueloluga9770
    @emmanueloluga97702 жыл бұрын

    This guy helped Musk develop the great business mind he has today. Still one of the sharpest minds when it comes to business based on capitalism principles

  • @javiertrevino5535
    @javiertrevino55357 жыл бұрын

    Just finished Zero to One, great book, don't miss out just because Peter has weird political views sometimes. Definitely worth listening to, it's a 5 hour audiobook, there's someone here on KZread who has it. It's really really great and insightful, it will change your mind about a lot of things, it's eye opening and maybe life changing, in my opinion at least

  • @cm770011

    @cm770011

    6 жыл бұрын

    didn't he back the winner?

  • @mattvike

    @mattvike

    5 жыл бұрын

    If by “weird” you mean “not batshit crazy liberal” then you’d be right...

  • @TremayneDouglas
    @TremayneDouglas7 жыл бұрын

    I see who Zuckerberg emulated.

  • @limjian7638

    @limjian7638

    7 жыл бұрын

    They r essentially the same person on the inside

  • @mikesorokin5550

    @mikesorokin5550

    6 жыл бұрын

    Pablo Rages This is ten percent luck Twenty percent skill Fifteen percent concentrated power of will Five percent pleasure Fifty percent pain And a hundred percent reason to remember the name

  • @wilhelm.reeves

    @wilhelm.reeves

    5 жыл бұрын

    @@mikesorokin5550 my man! 😎

  • @astgfrallah771

    @astgfrallah771

    4 жыл бұрын

    mashallah alhumidllah inshallah better

  • @Patrickmwai87

    @Patrickmwai87

    3 жыл бұрын

    true

  • @gerry6691
    @gerry66915 жыл бұрын

    folks just listening to the uhm! , he gave a super smart talk...

  • @THIStm
    @THIStm5 жыл бұрын

    #THIStm right here!

  • @kungaRangrig
    @kungaRangrig8 ай бұрын

    Bad plan is always better than no plann at all

  • @inthedms82
    @inthedms825 жыл бұрын

    Usually people with really high IQ are usually socially awkward although some of them improve -Elon, mark , bill etc

  • @tiernanmurphy5519

    @tiernanmurphy5519

    2 жыл бұрын

    That’s wrong, people with high iq’s are better at everything that is complicated, and social interaction/reading people definitely falls into that category. The people you are referring to are systematizers, and not empathizers, which tends to make them awkward. However, a systematizer with an iq of 145 would have better social skills than an individual who is as much of a systematizer with an iq of 100. This means that what you said is the opposite of the truth

  • @TheFabricOfReality
    @TheFabricOfReality8 жыл бұрын

    Peter Thiel Drinking game: Take a shot everytime he says Uh or Uhm .. XD

  • @PepperandSalt4

    @PepperandSalt4

    7 жыл бұрын

    Beat me to it!

  • @thuggy67

    @thuggy67

    7 жыл бұрын

    um

  • @fmikael1

    @fmikael1

    7 жыл бұрын

    Fuck i'm gonna get distracted by that now that you mentioned it! Thanks

  • @011azr

    @011azr

    6 жыл бұрын

    I think you'll get more drunk in the same game with Elon Musk speaking

  • @hankchanocd

    @hankchanocd

    6 жыл бұрын

    HIMYM

  • @ramkvs1918
    @ramkvs19188 ай бұрын

    My 5 key lessons from this video : 1. Great businesses are once in a kind moments. Next steve jobs aint building computers. 2. Great businesses are anti-competitive. They aim to become monopoly in what they do. 3. There are iteratable things and there are ones that are purely on optimization. A great product can be iterated to optimize to adapt and improve. 4. Why will this be a big business 5-10 years down? Hows technology going to evolve? Hows the world and society going to evolve? Taking a fundamental long term picture and having a perspective on it. 5. What are the problems that wouldn't be solved if you did not work on it?

  • @artur4782
    @artur4782 Жыл бұрын

    I stoppped in the first 3 mins because want to add something. Electric cars and social media and networks existed already. But both Mark and Elon executed the idea better, were more innovative, and improved the product faster... It's all about execution. *I think the next Elon Musk or Mark Zuckerberg will do the same, innovate already existing ideas and improve them 10x, 100x or 1000x...*

  • @realnapster1522

    @realnapster1522

    Жыл бұрын

    Apple did the same.

  • @a.y1623
    @a.y16233 жыл бұрын

    This man puts off all the 99 percent of small bussiness. Facebook was once a tiny company

  • @gosoloau
    @gosoloau Жыл бұрын

    Insightful... the next billion dollar idea is not a copy of something that's already been done. The next Billionaire Founder will solve a new problem in a unique way.

  • @pacesferry
    @pacesferry2 жыл бұрын

    Peter perfectly captures the 'identity problem'

  • @Ctvracingg
    @Ctvracingg7 жыл бұрын

    thought this was going to be a lot better...

  • @kevinnovak3520
    @kevinnovak35202 жыл бұрын

    Lmao! You are the man!

  • @BigDataLogin
    @BigDataLogin Жыл бұрын

    Cool

  • @abovemediocrity245
    @abovemediocrity2455 жыл бұрын

    PayPal is so mediocre compared to Alipay

  • @j.p.4910

    @j.p.4910

    4 жыл бұрын

    Alipay is derivative

  • @juancpgo
    @juancpgo7 жыл бұрын

    What does he say at 5:22 ?? “So I always like to get at it from both a foundational level, which is, maybe some ___(here)____ that you're really passionate about...”

  • @builtfrombricks
    @builtfrombricks4 жыл бұрын

    I've been wishing to have the next great idea, passion, business model, etc, but missing something. First a business partner, second that great idea ... :(

  • @quentinc8551
    @quentinc85513 жыл бұрын

    agreed... and what is the plan for human kind?

  • @BENTANKS10
    @BENTANKS105 жыл бұрын

    Market share isn't a strategy.. is it?

  • @BossChronicles
    @BossChronicles8 жыл бұрын

    Another fellow philosophy major !

  • @DerickMasai
    @DerickMasai2 жыл бұрын

    12:40 "Cause it was the Winklevoss' idea, you know that right?" LMAO, was listening to this in the background and actually cringed and laughed out loud when this legend said that 😂😂😂 Didn't even care who he was at the start but now I know I won't forget the name Bruce Upbin.