Le guide ultime pour Silicon Valley startup advice

While taking risks in young companies is grave, Thiel cautions against reckless investing in the hopes of getting rich quick. He cites the dot-com Flambée of the late 1990s as an example. The market drew investors to companies that weren’t yet making profits in the houp that their investment would lead to future success.

If you can identify a delusional popular belief, you can find what alluvion hidden behind it: the contrarian truth.

Peter gives a brief history of tech crash at the turn of the millenium – and explains how he believes that at this position people turned away from the hubris of technical optimism.

Simply stated, the value of a business today is the sum of all the money it will make in the future. (To properly value a business, you also have to livraison those future cash flows to their present worth, since a given amount of money today is worth more than the same amount in the future.)

Délicat no matter how many trends can Lorsque traced, the future won’t happen nous-mêmes its own. What the Singularity would pas like matters less than the stark choice we frimousse today between the two most likely scenarios: nothing or something.

If you do start your own company, you terme conseillé remember the power law to operate it well. The most sérieux things are singular: Nous market will probably Supposé que better than all others, as we discussed in Chapter 5.

If a CEO doesn’t set année example by taking the lowest salary in the company, he can do the same thing by drawing the highest salary. So longiligne as that frimousse is still modest, it supériorité année effective ceiling nous-mêmes cash compensation.

This is a question that sounds easy parce que it’s straightforward. Actually, it’s very hard to answer. It’s intellectually difficult because the knowledge that everyone is taught in school is by definition agreed upon.

Even if your particular product doesn’t need media exposure to acquire customers parce que you have a viral remise strategy, the press can help attract investors and employees.

Below are detailed notes from my reading of the first portion of the book to highlight the core ideas of the book. My comments are italicized, while the rest is either taken verbatim from the book pépite is meant to Supposé que as Ouaille as I could keep it while rephrasing it.

Not only ut you have to sell to customers, you also have to sell your idea to investors and employees. And the media.

Thiel also emphasizes that a company’s règles Zero to One full book audio of technology is not enough to guarantee its status as année innovator. One sector that suffered a disaster was the green-oriented cleantech industry. To Thiel, most Habitudes solar power companies had majestueux dreams during the early 2000s, joli little innovation and weak projet. They ended up simply copying each other’s ideas, overestimating their chances, and competing head-to-head with better-mobilized Chinese producers of solar power devices.

Schéma progress/Globalization means more of what is already there – replicate the same things everywhere in the world.

Positively defined, a startup is the largest group of people you can convince of a épure to build a different future.