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Reid Evans, Tony Jimenez, Corey O’Neal
who is peter thiel?
book highlights
1. what makes a good idea
2. monopolies rock
3. how to build your team
photo: fortune magazine
what important truth do very few people
agree with you on?
the contrarian
photo: fortune magazine
“In a world of scarce resources, globalization
without new technology is unsustainable.”
the contrarian
silicon valley vs. thiel
1. Make Incremental Advances
2. Stay Lean & Flexible
3. Improve on the Competition
4. Focus on product, not sales
Silicon Valley mentality
Financial
Times
Apartmentlist
silicon valley vs. thiel
1. Better to risk boldness than triviality
2. A bad plan is better than no plan
3. Competitive markets destroy profits!
4. Sales matter just as much as product
1. Make Incremental Advances
2. Stay Lean & Flexible
3. Improve on the Competition
4. Focus on product, not sales
Silicon Valley mentality
Peter Thiel mentalityFinancial
Times
Apartmentlist
what valuable company is
nobody building?
The next Mark Zuckerberg isn’t building another
another social network
what is a good idea?...take something from zero to one.
what is a good idea?...take something from zero to one.
1 to n
0 to 1
new productsneed to be at least 10x better than previous
manifestations…
don’t waste time competing with others.
build a monopoly
1. Proprietary technology
2. Network effects
3. Economies of scale
4. Branding
must be able to grow and endure.
what happened to futurism?
to win, have definite optimism.
do something impossible.
start small.
dominate.
diverse skillset, similar approach
diverse skillset, similar approach
why work at [your] startup?
You can do irreplaceable work on a
crazy problem with amazing people
that no one else is going to get done.
sales is as important as product.
You have a bad business
Invented
something newDon’t know how
to sell it
every business must answer:
1. Is it a breakthrough vs. incremental improvement?
1. Is now the right time to start your particular business?
1. Are you starting with a big share of a small market?
1. Do you have the right team?
1. Do you have a way to deliver your product?
discuss.
Photo: The Guardian
If you’re interested MORE
Arts & Ideas at the JCCSF
https://www.youtube.com/watch?v=aYPj0jLzoQw
Original Notes that Formed the Book
http://blakemasters.com/peter-thiels-cs183-startup
Stanford Y-Combinator Startup Class
Lecture 5: Business Strategy and Monopoly Theory
http://startupclass.samaltman.com/courses/lec05/
a16z Podcast: The (Definite) Optimism of Peter Thiel
http://a16z.com/2014/10/17/a16z-podcast-the-definite-optimism-of-peter-
thiel/
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