Competition is For Losers: A Lecture By Peter Thiel

Peter Thiel (@peterthiel) is a famed Silicon Valley venture capitalist, philanthropist, the co-founder of Paypal and Palantir Technologies, as well as the founder of Thiel Capital.

Key Takeaways

  • “If you’re starting a company, you always want to aim for a monopoly and to avoid competition. Hence, competition is for losers.” Peter Thiel

Table of Contents

  • Competition is for Losers
  • What makes a business valuable?
  • Monopolies Pretend to Be Competitive; Competitive Businesses Pretend to Be Monopolies
  • To Build a Monopoly, Start Small and Expand
  • Monopolies Ulilzie These 4 Things
  • The Last Mover Advantage
  • Make Sure to Capture the Value
  • Make Sure to Capture the Value
  • The Psychology of Competition
  • Wrapping Up

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