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Hey I am on Medial • 1y

Day 5 : Competition is for Losers - Insights from Peter Thiel (PayPal, Palantir, Founders Fund) • Aim for monopolies, not perfect competition • Capture massive value, don't just create it • Being the "last mover" dominating a market is better than being first • Most value comes from future growth, so enduring monopolies are critical • Leverage proprietary tech, network effects, economies of scale, branding • Software businesses are key for this • Avoid herd mentality of chasing the same zero-sum competitions • True innovators pioneer open doors others overlook What do you think 🤔⁉️

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