Lecture Transcript: http://www.tech.genius.com/Peter-thiel-lecture-5-business-strategy-and-monopoly-theory-annotated
Peter Thiel, founding father of Paypal and Palantir, discusses enterprise technique and monopoly principle in “Competitors is For Losers”.
See the slides and readings at http://www.startupclass.samaltman.com/programs/lec05
Focus on this lecture: http://www.startupclass.co/programs/how-to-start-a-startup/lectures/64034
Chapters (Powered by https://bit.ly/chapterme-yc) –
00:00:00 – Introduction
00:00:50 – Define
00:00:57 – Capturing worth
00:01:57 – Huge piece of a small pie
00:03:37 – Good competitors
00:04:31 – Monopoly
00:05:33 – Lies folks inform
00:05:36 – Variations underestimated
00:06:59 – Narratives
00:07:54 – British meals in Palo Alto
00:08:40 – Do the intersections earn money?
00:08:45 – Blockbuster film
00:09:29 – Is the intersection priceless?
00:09:35 – Startup model
00:10:11 – The search market
00:11:00 – The promoting market
00:11:29 – The know-how market
00:12:36 – Proof of slim markets
00:13:28 – construct a monopoly
00:13:39 – The proper measurement
00:14:36 – Begin small and develop
00:17:05 – Begin huge and shrink
00:18:40 – Final mover benefit
00:18:45 – Traits of monopoly
00:27:10 – Worth of the longer term
00:27:55 – Historical past of innovation
00:28:28 – Technological innovation
00:30:16 – Capturing worth
00:31:59 – Success instances
00:37:03 – Psychology of competitors
00:38:14 – Mimetic preferences
00:38:33 – Competitors as validation
00:42:22 – Q&A
00:42:26 – Q1
00:43:01 – Q2
00:43:38 – Q3
00:44:34 – This fall
00:46:40 – Q5
00:47:55 – Q6
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