October 7, 2014

How to start a startup: #5 - Competition is for losers (re: the joy of monopoly)


This is an excellent lesson in strategy from Peter Thiel, a true contrarian who has made excellent
investments in startups. First outside investor in facebook!

Here's the link to the video: https://www.youtube.com/watch?v=5_0dVHMpJlo
And here's the link to the reading materials: http://startupclass.samaltman.com/lists/readings/

All the time I'm watching Peter Thiel give his lesson to the Stanford class, I'm thinking how much he reminds me of Mark Zuckerberg and how their mannerisms are so Asbergerly similar. Thiel saw himself in Zuckerberg, he had to invest. These two are kindred spirits.

As smart as Peter Thiel is, there was no joy in his talk to this class. He was uncomfortable during the entire performance. But what he says is good stuff.