Day 5 : Competition is for Losers - Insights from Peter Thiel (PayPal, Palantir, Founders Fund) โข Aim for monopolies, not perfect competition โข Capture massive value, don't just create it โข Being the "last mover" dominating a market is better than being first โข Most value comes from future growth, so enduring monopolies are critical โข Leverage proprietary tech, network effects, economies of scale, branding โข Software businesses are key for this โข Avoid herd mentality of chasing the same zero-sum competitions โข True innovators pioneer open doors others overlook What do you think ๐คโ๏ธ
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