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Vishu Bheda
ย โขย
Medialย โขย 6m
Peter Thiel on a common red flag he sees in startup pitches Peter Thiel highlights a common mistake founders make: listing multiple ways their startup can make money without a clear focus. He explains that when someone presents five potential revenue streams (A, B, C, D, and E), itโs often a red flag. It shows they havenโt carefully thought through their strategy. Thiel advises focusing on one clear path to success. Saying, โWeโre going to make money doing A,โ shows conviction and thorough planning. Listing many options might seem ambitious, but it usually signals a lack of clarity. The key takeaway? Simplicity and focus win. If you canโt confidently explain how your startup will succeed through one main approach, itโs time to refine your strategy. Donโt be lazyโthink deeply about what will work, not just what could.
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