176 0 obj <>stream Similarly, early mistakes in choosing your co-founders or even early employees are damn hard to correct. This was the 5-star idea in this book alone. He says we need to look into the future, think big and we need that 1999 hubris to achieve it (read Bold by Peter Diamandis for more on moonshots and big dreams). Of course, the truth is there are countless “secrets” left to be found and countless problems left to be solved.

Peter Thiel says in this world most people don’t think there are any “secrets” left to discover.

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Brilliant thinking is rare, but courage is in even shorter supply.

Also see the “fundamental strategies of power“: There’s no inherent benefit on being the first.

Thiel talks about two different kinds of changes: horizontal and vertical. Google’s employees are as money and as power-driven as anyone else, and they will want to make sure that their products are commercial successes so so that they can line up their pockets. Part-time employees and external consultants don’t work because they don’t have aligned interests. Peter Theil says that Elon Musk is a master salesman, but I have some doubts. Peter Thiel knows a thing or two about startups. This activity doesn’t only work for large companies. Monopoly though means something different in Peter’s vocabulary: monopoly is a company doing something so good that nobody else can offer a close substitute. ��;�4~f7�H��`5�`�y �e No other options are possible.

The way he talks about “being like a mafia” is somewhat misguided in my opinion. My Note 1: This reminds of Eleven Rings when Phil Jackson says that having clear roles allows people to focus on the task rather than wasting energies on. My note: you can see this book has a few years now. This is one of the basics of the “healthy cynic” approach and of “enlightened win-win“, Psychopaths’ Sexual Strategy: Marauders of Sex. But without radical changes in technology, the world cannot sustain billions of people living with the same US standards. Zero To One Summary February 5, 2016 March 11, 2019 Niklas Goeke Entrepreneurship 1-Sentence-Summary: Zero To One is an inside look at Peter Thiel’s philosophy and strategy for making your startup a success by looking at the lessons he learned from founding and selling PayPal, investing in Facebook and becoming a billionaire in the process. And, let’s be honest. Filed Under: Book Summaries, Business, Entrepreneurship Tagged With: zero to one book pdf, zero to one book summary, zero to one pdf, zero to one peter thiel pdf, zero to one review, zero to one summary, zero to one thiel summary. Read our list of the best business books of all time, START HERE About | Affiliate Disclosure | Review Your Book | Contact | Blog | Made in Sweden. He says the most fundamental question instead is: will this business still be around 10 years from now? Peter Thiel says that the dot.com bubble taught entrepreneurs four fake big lessons: But the dot.come bubble wasn’t just madness, Thiel says. Troublemakers are sent to jail, and troublemaker companies are sent to chapter 11 courts. This chapter made me think of ego-driven CEOs and sociopaths founders (read Bad Blood for an example). You will certainly benefit from reading it. Facebook, for example, started with Harvard first.

It doesn’t have to be a big startup, even smaller side-hustles can learn something from the mindset of dominating your small market. Think about Napster, Thiel says, who wanted to take on the whole music industry.

Thiel says that anyone without a salary or stock options is misaligned with the company interests. 3. book highlights 1. what makes a good idea 2. monopolies rock 3. how to build your team 4. the contrarian what important truth do very few people agree with you on? But I found Zero to One so thought provoking and interesting, that I bought it after reading a library copy. If things change drastically over the course of a decade, then the future is now. There are many key mindsets. h��Z�o7�W8�HГ��ǡ���8�]⦱]�*�bmm��$H��_���ʒ�؎s�O����g��"�(D!�,��U!�G�-�Ma8�m�F� '��@����qTH�i�eo1m�4xLU(!0mt��´1� �����q�R�K�P�� �v &�0V�{C�� As great as the research you’ve done is, as spectacular as your product/market fit is, your product won’t grow legs and sell itself. Great insight on alining interests. Equity is a great way of aligning interests and keeping individuals motivated. And they want to join because they are perfectly in sync with the colleagues already working in there. Hey, I’m Erik… a Swedish university student, marketing professional, and life-long learner. Write down your current target market and make it your goal to dominate it before you move on. One of the most fascinating books I have read in recent months is Peter Thiel's Zero to One. Sales and distribution can create a monopoly, but a great product without strong sales distribution and won’t spread by itself. You’ll always make mistakes, but a few things you better get them right at the beginning. From there they kept expanding into the company that will probably own the entire planet some day. Also read: On the other hand, a startup most valuable asset is a new way of thinking. Or, read our other business book summaries. Do you know how many of these people became the next Uber or Amazon? Peter Thiel talks in this chapter about the failure of the clean tech bubble. He says that there’s no sure fire way to build a monopoly, but each monopoly shares four characteristics: Peter Thiel says disruption has become a buzzword for anything that wants to sound trendy and new. That doesn’t mean that you have to be a sleazy-ripoff-cheap-suit-door-to-door-sales-ass-hole, but you do need to make sure that your product gets into the hands of those who need it. Peter Thiel here talks about “luck” and its role in business success. The audio summary comes from episode #23 of The Meaningful Show, during which we do a quick summary of the top 3 insights from billionaire investor Peter Thiel's new book, Zero To One: Notes on Startups, or How to Build the Future (co-authored by Blake Masters). For example, if you’re a Real Estate Agent in a small city, perhaps you can look to monopolize waterfront homes in a particular suburb. Brought to you by coffee Copyright © 2019 BookSummaryClub.com. The opposite of a cult are firms like consulting companies (Accenture for example). Then download the summary of Zero to One as a PDF. (whatever the hell that means), The 7 Habits of Highly Effective People Summary…, Lesson One: Monopolies are actually good for innovation, Lesson Two: Your product or service will never sell itself, Lesson Three: Building a successful and profitable company is achieved slowly, Get the audiobook for free when you join Audible, Read this and over 1000 other summaries on Instaread, Monopolies are actually good for innovation, Your product or service will never sell itself, Building a successful and profitable company is achieved slowly. Normal companies want to look unique. In those organizations, politicking is more important than getting work done.

176 0 obj <>stream Similarly, early mistakes in choosing your co-founders or even early employees are damn hard to correct. This was the 5-star idea in this book alone. He says we need to look into the future, think big and we need that 1999 hubris to achieve it (read Bold by Peter Diamandis for more on moonshots and big dreams). Of course, the truth is there are countless “secrets” left to be found and countless problems left to be solved.

Peter Thiel says in this world most people don’t think there are any “secrets” left to discover.

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