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Peter Thiel: Entrepreneurs should not compete
PayPal co-founder turned investor Peter Thiel is among the most successful businessmen in Silicon Valley. In his new book, 'Zero to One' he shares his advice for entrepreneurs -- seek "creative monopolies."
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My notes if helpful (all quotes): You should not start a business for the sake of starting a business. You should start a business because there is a problem that nobody else is solving. That is what entrepreneurs are, at their best. When I hear about a company that makes a lot of sense that is really fresh and strange, that is often a really promising kind of idea. Whereas, when it is the fourth online pet food company or the tenth thin film solar panel company...that is often not as good of an investment
@memonion4515
4 жыл бұрын
yep, I highly recommend his book Zero to One. Great explanation of how competing is unhealthy for businesses and people in general.
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Should not compete so how to get money? if you cannot create something new. Need to compete for food
@memonion4515
4 жыл бұрын
if you can't create something new then compete for food. he's talking about building valuable businesses not basic survival