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He famously says: "A startup is the largest endeavor over a set timeframe that you can accomplish with a single stroke of equity." If you aren't offering equity to your core team, you aren't building a monopoly; you are building a job shop.
If you answer "no" to any of these, you are likely building a "zero to zero" startup—a machine that destroys value and time. from zero to one peter thiel
Perhaps the most counterintuitive—and provocative—argument in the book is Thiel’s assertion that He famously says: "A startup is the largest
Vertical vs Horizontal progress. from Zero to One - Nikhil Samuel from Zero to One - Nikhil Samuel We
We live in a world that feels fully explored. We have mapped the globe, sequenced the genome, and indexed the internet. It feels as though there is nothing left to discover. Thiel disagrees. He argues there are two types of secrets:
Thiel notes that monopolists lie to survive (they tell regulators they are in a crowded "tech ecosystem"), while competitive firms lie to investors (they claim they have a monopoly by defining their market incredibly narrowly).