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I want to share some insights from Peter Thiel's and Blake Masters' book 'Zero to One', which is a great book and definitely worth a read.
A thread. #zerotoone
A thread. #zerotoone
Avoid competition. Try to offer unique products and services.
Society pretends that competition is good but you are probably better off in your niche.
As Charlie Munger once said: "All it takes to ruin a good business is a competitor."
Society pretends that competition is good but you are probably better off in your niche.
As Charlie Munger once said: "All it takes to ruin a good business is a competitor."
Try to make the last important improvement in a market.
You don't have to be the first one in a market in order to be successful.
When you deliver the last big innovation this will enable you to take a fine position.
You don't have to be the first one in a market in order to be successful.
When you deliver the last big innovation this will enable you to take a fine position.
The foundations of your venture have to be right.
Try to put a lot of effort in getting the foundations right like the right people to work with or the right place to start.
Later on it is going to be difficult to the change the mistakes made in the foundation phase.
Try to put a lot of effort in getting the foundations right like the right people to work with or the right place to start.
Later on it is going to be difficult to the change the mistakes made in the foundation phase.
