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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 strange as it was to the ancients who saw it first, can we both re-create it and preserve it for the future.
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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...
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.
Progress can take one of two forms:
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 ...
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.
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...
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.
Every monopoly is unique, but they usually share some combination of:
The value of a business today is the sum of all the money it will make in the future.
Positively defined, a startup is the largest group of people you can convince of a plan to build a different future.
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....
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...
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...
A startup messed up at its foundation cannot be fixed.
"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.
My interests are many and eclectic. Product guy.
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The brain needs ready access to the information, plans, and procedures it will be using to solve complex problems. This collective task knowledge is known as a task set. But the task set is not always immediately available.
Returning to a hard task...
It’s easy to stick to foods we know we like but the human body is designed for a variety of nutritional sources. Modern supermarkets have a huge variety of fresh food available so it’s easy to grab a new one on top of your usual shop each time.
The first necessary step in using awareness is looking for clues that we are not as aware as we might think. By the way, if we think we are “aware” or “enlightened,” then we have already demonstrated that we are not aware. Any labels, positive or negativ...
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