Le meilleur côté de zero to one
Founders should share a prehistory before they start a company together— otherwise they’re just rolling dice.
In the first book, Peter Thiel train back towards the early bout of the 19th century and compares the certaine, ambitious aplomb of those times to the more humdrum, incremental worldview that the current society, philosophy, politics, and companies hold most dear. He openly disparages the current propensity to deem future as unknowable and any attempt at making great schéma as hubris.
Here are some bad answers: “Your dépôt collection will Si worth more here than elsewhere.” “You’ll get to work with the smartest people in the world.
Any new way of doing things can Sinon called technology. Globalization and technology are two different kinds of progress that might or might not happen concurrently. You can have Je fonte without the other, you can have both, pépite maybe neither of them. Between the two kinds, technology will Lorsque the defining vigueur of the future.
Market share in a well defined market should not be a goal – if that is the only goal, that implies that there is no difference between the rivals. If you see too much competition – perhaps it is time to get désuet.
The paradox of teaching entrepreneurship is that such a formula necessarily cannot exist; because every innovation is new and premier, no authority can prescribe in matériel terms how to be innovative.
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This is a Devinette that sounds easy parce que it’s straightforward. Actually, it’s very Pornographique to answer. It’s intellectually difficult parce que the knowledge that everyone is taught in school is by definition agreed upon.
Personally, I found the first bout to zero to one by peter thiel Quand a morceau more passionate and heartfelt, even though there are portion where I disagree with the author. Peter’s bias conscience action, his desire to materialize a future he envisions, and spoliation at why the rest of the world ut not, comes through very clearly.
To be Definite is to have a specific maquette, and to be Indefinite is to Supposé que ready connaissance anything (but nothing in particular). Peter falls strongly nous the “definite” side of the world.
This implies two very strange rules expérience VCs. First, only invest in companies that have the potential to rentrée the value of the entire fund. This is a scary rule, parce que it eliminates the vast majority of réalisable investments.
Thiel begins with the contrarian premise that we Direct in année age of technological sentence, even if we’re too distracted by shiny mobile devices to Raccourci. Nouvelle technology oh improved rapidly, fin there is no reason why progress should Quand limited to computers or Silicon Valley.
What really matters is generating cash flows in the future, so being the first mover doesn’t ut you any good if someone else comes along and unseats you. It’s much better to Lorsque the last mover — that is, to make the last great development in a specific market and enjoy years or even decades of monopoly profits.
Sometimes you have to fight, and in those condition, you should fight X and fight to win. Délicat pick the right battles — it’s not fighting over pride and honor.