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How to start a successful business
How to build a strong team
How to market your business
"The most contrarian thing of all is not to oppose the crowd but to think for yourself.". Is the advice given throughout the book.
Thiel encourages to think different, but most of all to think for yourself.
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Why would someone join your company as its 20th engineer when she could go work at Google for more money and more prestige?
You’ll attract the employees you need if you can explain why your mission is compelling: not why it’s important in general, but why you’re doing something important th...
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3.81K reads
The stark differences between man and machine mean that gains from working with computers are much higher than gains from trade with other people.
We don’t trade with computers any more than we trade with livestock or lamps.
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4.31K reads
The book draws on Thiel's experience as a co-founder of PayPal and Palantir, investor in hundreds of startups, including Facebook and SpaceX. Thiel cautions the book offers no formula for success. Such a formula cannot exist as every innovation is new and unique....
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11.6K reads
Thiel argues capitalism and competition are opposites.
Capitalism is premised on the accumulation of capital, but under perfect competition all profits get competed away.
Because creating value is not enough, you also need to capture some of the val...
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7.12K reads
Every monopoly is unique, but they usually share some combination of:
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4.52K reads
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Our task today is to find singular ways to create the new things that will make the future not just different, but better - to go from 0 to 1.
The essential first step is to think for yourself. Only by seeing our world anew, as fresh and s...
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3.84K reads
The single greatest danger for a founder is to become so certain of his own myth that he loses his mind.
But an equally insidious danger for every business is to lose all sense of myth and mistake disenchantment for wisdom.
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3.92K reads
Progress can take one of two forms:
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Positively defined, a startup is the largest group of people you can convince of a plan to build a different future.
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9.45K reads
PayPal was in 2001 the only email-based payments company in the world. It employed fewer people than the restaurants on Castro Street (Mountain View, CA), where the Paypal team used to go for lunch. The business was much more valuable than all of those restaurants combined.
Starting a new ...
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5.8K reads
The quote with which Tolstoy opens Anna Karenina might describe people, but for businesses it's the opposite: 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 compet...
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6.48K reads
The best startups might be considered slightly less extreme kinds of cults. The biggest difference is that cults tend to be fanatically wrong about something important.
People at a successful startup are fanatically right about something those outside it have missed.
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4.46K reads
Every startup is small at the start. Every monopoly dominates a large share of its market. Therefore, every startup should start with a very small market.
The perfect target market for a startup is a small group of particular people concentrated together an...
1.24K
4.47K reads
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Søren Kierkegaard was influenced by Socrates, who thought that his task was not to discover the truth and then communicate it to his students, but to open the question to the pupils and ensure they stay open.
The last thing you should do is turn to an authority to tell you what you should ...
Instead of following the so-called experts, the recommendations of artificial intelligence and the advice given on news channels, we need to think for our own life, using common sense, logic, gut instinct, experience and our environmental cues.
We need to keep our eyes and ears op...
Humility is not thinking less of yourself, but thinking of yourself less. - CS Lewis
Self-esteem that is bound to external success can lead to small spurts of happiness but is not long lasting. Focus more on the betterment of yourself for the sake of those around you, rather than...
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