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Peter Thiel is one of the most interesting thinkers I have ever come across. He co-founded PayPal. He was an early private investor in Facebook and helped to start other billion-dollar companies like Palantir etc.
This Book will change the perspective & guide with Strategy for your career path, innovation and entrepreneurship.
Here are the 4 Lessons, which I personally Applied & Experienced. I'm sure, you will find them useful as well:
1) Don’t Compete, create a monopoly
- Competition isn’t good for business at all.
- It eats profits and creates a race to the bottom.
- Instead, try to build a monopoly product with such a deep moat that others can’t compete — like Google, PayPal, Apple etc.
2) Definite optimism
- Have a long-term plan for the future they execute and never waver from.
- Steve Jobs — creating the iPod, iPad, and iPhone over the span of a decade
3) Optionality is mediocrity
- Trying to be well-rounded & keep every option open kills success.
- So that when it comes to your career vs business, you should hyper-focus on Only One Area for a Long Time.
4) Zero To One
- Going from zero to one means you create ‘vertical technological progress’, meaning, you can create something unique that never existed before.
- Outside of IT, we’ve made little to no tech progress in the past few decades
- Vertical Technological progress is the answer to a better future, not globalism continuing to copy what already exist.
- Understand your Business / Product / Job / Skills / Capabilities, and Try to find Uniqueness in them & Execute it, to Reach from Zero to One.
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