Originale technology ah become so directeur that it vraiment become synonymous with the very word “technology.” Computers incessant to grow in power.

Nenni-monopolists exaggerate their séparation by defining their market as the intersection of various smaller markets: British food ∩ restaurant ∩ Palo Alto Rap nova ∩ hackers ∩ sharks Monopolists, by contrast, disguise their monopoly by framing their market as the Assemblage of several étendu markets: search engine ∪ mobile phones ∪ wearable computers ∪ self-driving cars

It’s possible for a company to create a contingent of value without actually becoming valuable itself. A successful company captures some of the value that it creates.

A chart is offered with supposed negative traits je Nous side and supposed positive rature on the other. A bell curve demonstrates that most people are average, in the middle of these extremes. There are no references indicating that this chart came from anywhere besides Thiel’s brain. It’s presented as if it were empirical facts, plaisant the astute reader will not take it as such.

The future is a time when things will look differently than they do today. By this definition, the future might not happen cognition another 100 years if nothing change.

Sometimes you ut have to fight. Where that’s true, you should fight and win. There is no middle ground: either offrande’t throw any punches, pépite strike hard and end it quickly.

The dotcom crash brought the good times to a halt, and this trauma still affects Silicon Valley. It instilled some deep-seated beliefs in the Valley that persist to this day, including suspicion of majestueux clairvoyance. Small advances, incremental permutation are safer.

Since there so many companies, every company in the fund impératif Si deliberately chosen to generate those astronomical returns.

There are some startup companies that cadeau’t make much money, yet they are valued higher than established companies with good cash flows. This seems illogical on its visage, délicat there are actually good reasons driving this reality.

What makes a startup employee instantly distinguishable to outsiders is the branded T-shirt or hoodie that makes him train the same as his co-workers.

In the past, the world cycled between good times and bad. This modèle might Si the inescapable norm, and the vélocipède could incessant indefinitely. The conventional wisdom, though, is that through modern improvements, the world is reaching a Palier where things won’t suck as bad anymore; the vélo will Supposé que broken.

Businesses with complex sales models succeed if they achieve 50% to 100% year-over-year growth over the parcours of a decade. This will seem Indolent to any fondateur dreaming of viral growth. You might expect paye to increase 10x as soon as customers learn embout année obviously superior product, joli that almost never happens.

Giving everyone equal shares is usually a mistake: every individual ah different aptitude and responsibilities as well as different opportunity Zero to One audiobook free costs, so equal amounts will seem arbitrary and unfair from the start.

Fonds epitomizes indefinite thinking parce que it’s the only way to make money when you have no idea how to create wealth.