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Horizontal Vs Vertical Progress
- Horizontal or extensive progress means copying things that work— going from 1 to n.
- Vertical or intensive progress means doing new things— going from 0 to 1.
Vertical progress is more challenging. You have to imagine something that doesn’t exist yet, but it has greater potential rewards. Peter believes that only those who can think outside the box established conventions can understand and change the future.
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6.23K reads
MORE IDEAS ON THIS
7 Questions That Every Business Must Answer
1. The Engineering Question: Can you create breakthrough technology instead of incremental improvements?
2. The Timing Question: Is now the right time to start your particular business?
3. The Monopoly Question: Are you starting with ...
586
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On “Lean Startup” Dogmas
Making small changes to things that already exist might lead you to a local maximum, but it won’t help you find the global maximum.
- It is better to risk boldness than triviality
- An imperfect plan is better than no plan
- Competit...
496
3.97K reads
Follow The Money
Rule 1 : Only invest in companies that have the potential to return the value of the entire fund.
Rule 2 : Because rule one is so restrictive, there can’t be any other rules.
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3.34K reads
Competition Is For Losers
The importance of moving away from the idea of healthy competition is that competition means there will be no capital left for you. The rest of the capital ‘pie’ will be eaten by your competitors. Therefore, Peter emphasizes the importance of building a monopoly.
479
3.73K reads
What Defines A Monopoly?
- Proprietary technology (10 times better than any existing solution),
- Network effect (start with a hyper-niche market. If you think its too big it is),
- The economy of scale (SaaS vs employee labor-intensive),
- ...
496
3.66K reads
Importance Of Planning
- We overrated the power of chance and underrated the importance of planning.
- If you want an effective board, keep it small.
- Eliminating competition makes it easier for everyone to build the kinds of long-term relationships that transcend mere ...
489
3.19K reads
How You Can Be The Architect of Your Own Future
- Being the architect of your own future involves attempting to create the best future for you.
- Peter describes future success as being a product of focus, dedication, and determination. You have to forget about the ideas of fate and luck. Those who are consistently su...
544
4.5K reads
To Construct An Effective Company Culture
- Imagery: Using branded clothing and other items/events help show others in your company that you belong in the same tribe and shows commitment.
- Slogans: Slogans, catch-phrases, and idioms are great tools to build strong relations among members of the...
496
2.23K reads
”All happy companies are different: each one earns a monopoly by solving a unique problem. All failed companies are the same: they failed to escape competition.”
PETER THIEL
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3.35K reads
“Every moment in business happens only once. The next Bill Gates will not build an operating system. The next Larry Page or Sergey Brin won’t make a search engine. And the next Mark Zuckerberg won’t create a social network. If you are copying these guys, you aren’t lea...
PETER THIEL
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5.07K reads
CURATED FROM
CURATED BY
"A good curated idea should be like a girl's skirt; long enough to cover the subject and short enough to create interest."
“Brilliant thinking is rare, but courage is in even shorter supply than genius.”— Peter Thiel
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MORE LIKE THIS
Zero to One explained
Progress can take one of two forms:
- Going from 1 to n: horizontal or extensive progress means copying things that work -. Horizontal progress is easy to imagine because we already know what it looks like.
- Going from 0 to 1: Ve...
Create the future
The future is a time when the world looks fundamentally different from today.
We need two types of progress to create the future:
- Horizontal progress/Globalization (from 1 to n) - Copying things that work somewhere and making them available everywhere.
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