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Conducting market research
Analyzing data to make informed decisions
Developing a product roadmap
MORE IDEAS ON THIS
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 ...
Vertical progress is more ch...
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.
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.
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.
”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.”
“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...
"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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