A much anticipated book is "Zero to One: Notes on Startups, or How to Build the Future" by Peter Thiel, the Billionaire co-Founder of Paypal and Palantir and investor in hundreds of startups, including Facebook and SpaceX.
Peter Thiel in this book that is scheduled to be released on September 2014 reveals the key ingredients for a successful startup. As he notes "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 learning from them.
It’s easier to copy a model than to make something new: doing what we already know how to do takes the world from 1 to n, adding more of something familiar. But every time we create something new, we go from 0 to 1. The act of creation is singular, as is the moment of creation, and the result is something fresh and strange.
PROGRESS COMES FROM MONOPOLY, NOT COMPETITION.
If you do what has never been done and you can do it better than anybody else, you have a monopoly -- and every business is successful exactly insofar as it is a monopoly. But the more you compete, the more you become similar to everyone else. From the tournament of formal schooling to the corporate obsession with outdoing rivals, competition destroys profits for individuals, companies, and society as a whole."
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Peter Thiel in this book that is scheduled to be released on September 2014 reveals the key ingredients for a successful startup. As he notes "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 learning from them.
It’s easier to copy a model than to make something new: doing what we already know how to do takes the world from 1 to n, adding more of something familiar. But every time we create something new, we go from 0 to 1. The act of creation is singular, as is the moment of creation, and the result is something fresh and strange.
PROGRESS COMES FROM MONOPOLY, NOT COMPETITION.
If you do what has never been done and you can do it better than anybody else, you have a monopoly -- and every business is successful exactly insofar as it is a monopoly. But the more you compete, the more you become similar to everyone else. From the tournament of formal schooling to the corporate obsession with outdoing rivals, competition destroys profits for individuals, companies, and society as a whole."