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Peter Thiel on the type of company more startup founders should build Peter Thiel, the co-founder of PayPal, believes every startup should ask, โCan this company become a monopoly?โ He identifies three common paths to monopoly: 1. Fast distribution of a simple product (e.g., Twitter). 2. Technological breakthroughs that improve over time (e.g., SaaS software). 3. A game-changing innovation (e.g., Bitcoin). But thereโs a fourth path thatโs often ignored: Complex Coordination. Complex coordination happens when a company combines many existing elements in a completely new way, creating something incredibly hard to replicate. This isnโt about a single breakthrough; itโs about weaving multiple pieces together perfectly. Thiel highlights Apple as an example. The iPhone didnโt invent new hardwareโit integrated technologies like touchscreens, software, and app stores in a seamless way. This coordination created a lasting competitive edge. Tesla and SpaceX follow the same model. Tesla didnโt invent batteries or electric motors; they reimagined the entire car-building process, from supply chains to distribution. Thiel calls this approach โ180 degrees oppositeโ to the Lean Startup method. Itโs challenging but rewarding. Complex coordination can build monopolies, giving your startup an edge competitors canโt easily copy. The takeaway: Think big and aim to innovate by combining the pieces no one else can.
Work and keep learni...ย โขย 1y
The Thiel Fellowship The Thiel Fellowship, founded by investor Peter Thiel, grants $100,000 over two years to young people (22 and under) to leave college and pursue their own projects. This could be starting a business, scientific research, or socia
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๐ฃ๐ฒ๐๐ฒ๐ฟ ๐ง๐ต๐ถ๐ฒ๐น ๐๐ ๐๐ฎ๐๐ธ๐ฒ๐ฟ: ๐ง๐ต๐ฒ $๐ญ๐ฐ๐ฌ ๐ ๐ถ๐น๐น๐ถ๐ผ๐ป ๐ฅ๐ฒ๐๐ฒ๐ป๐ด๐ฒ ๐ก๐ผ๐ฏ๐ผ๐ฑ๐ ๐ฆ๐ฎ๐ ๐๐ผ๐บ๐ถ๐ป๐ด This isnโt just a lawsuit. This is one of the most ๐๐จ๐ฅ๐-๐๐ฅ๐จ๐จ๐๐๐ revenge stories in business history. ๐ฎ๐ฌ๐ฌ๐ณ โ ๐๐ฎ
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