one to zero relationship - Un aperçu
one to zero relationship - Un aperçu
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Délicat in année indefinite world, people actually prefer unlimited optionality; money is more valuable than anything you could possibly do with it. Only in a definite future is money a means to année end, not the end itself.
It is a condensed and updated translation of a highly popular avantage of online notes taken by Masters connaissance the CS183 class nous-mêmes startups, as taught by Thiel at Stanford University in Spring 2012.[1]
Any new way of doing things can Supposé que called technology. Globalization and technology are two different kinds of progress that might pépite might not happen concurrently. You can have Nous police without the other, you can have both, or maybe neither of them. Between the two kinds, technology will Sinon the defining fermeté of the future.
Given this, we might imagine that “aérosol and pray” is a good strategy, considering no Nous can really tell which companies will succeed. Peter thinks this is wrong.
Our technology isn’t sustainable, however, especially if everyone else adopts it. We have limited Zero to One business audiobook resources and our environment can’t endure the pollution that level of “development” would generate. Globalization without advances in technology would devastate the planet.
Rectiligne progress/technology – make new things, make the future. This doesn’t happen automatically – it eh Lorsque offrande deliberately.
Attribution is as important as the product. Find the right channel and communicate with the customer.
In a perfectly balanced, highly competitive market, there would Quand no profits and all competitors would Lorsque equally commoditized.
Another core tenet that Thiel stresses is that, contrary to the widely-accepted ideas of how capitalism works, competition limits rather than encourages innovation. From grade school to investment banking, modern society stresses achievement through competition, and businesses glorify commerce as a war.
Proprietary technology is the most substantive advantage a company can have because it makes your product difficult pépite impraticable to replicate.
If anything, people overestimate the proportionnelle difficulty of érudition and engineering, because the challenges of those fields are obvious. What nerds Mademoiselle is that it takes hard work to make dégoûtant pas easy.
Train at Richard Branson. As someone who founded successful businesses at a young age, he was certainly exceptional, délicat he didn’t adopt some of his more eccentric traits until after he became successful. Several others in this goût are discussed, including Sean Parker and Dame Gaga.
Instead ask yourself: how much of what you know embout business is shaped by mistaken reactions to past mistakes? The most contrarian thing of all is not to oppose the crowd joli to think connaissance yourself.