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Peter Thiel on Why Founders Should Rethink the Lean Startup Approach Peter Thiel, co-founder of PayPal, has a critical view on the Lean Startup methodology. While he acknowledges its benefits, he argues that modern founders may rely too heavily on it, especially the "experimental search" approach where everything is treated as an unknown. In this method, founders often turn to customers for answers, constantly testing ideas without having a clear vision. Thiel points out that this approach can be limiting because the search space is too vast, and the solutions may not always align with whatโs truly needed. Instead, Thiel advocates for a more definitive view of the future. He believes that successful startups need a strong conviction about the problem they want to solve and a clear path to solving it. Founders should focus on combining the right elements in just the right way. At PayPal, Thiel and his team had to pivot several times. Their original ideas, like payments on Palm Pilots and wireless payments, didnโt work out. But rather than clinging to a bad idea, they changed direction quickly. Thiel emphasizes that itโs important to recognize when your idea isnโt working and pivotโbut itโs even more important to start with a strong, clear vision. Follow for more valuable startup insights from the world's best founders!
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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 reven
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5 business books founders must read: โข Zero to One by Peter Thiel โข The Lean Startup by Eric Ries โข Good to Great by Jim Collins โข Shoe Dog by Phil Knight โข The Hard Things About Hard Things By Ben Horowitz What else would you add to the list?
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