Peter Thiel: Competition is for Losers (How to Start a Startup, 2014)
Description
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Outline:
(00:00 ) Introduction
(00:50 ) Outline
(00:57 ) Capturing value
(01:57 ) Big piece of a small pie
(03:37 ) Perfect competition
(04:31 ) Monopoly
(05:33 ) Lies people tell
(05:36 ) Differences underestimated
(06:59 ) Narratives
(07:54 ) British food in Palo Alto
(08:40 ) Do the intersections make money?
(08:45 ) Blockbuster movie
(09:29 ) Is the intersection valuable?
(09:35 ) Startup version
(10:11 ) The search market
(11:00 ) The advertising market
(11:29 ) The technology market
(12:36 ) Evidence of narrow markets
(13:28 ) How to build a monopoly
(13:39 ) The right size
(14:36 ) Start small and expand
(17:05 ) Start big and shrink
(18:40 ) Last mover advantage
(18:45 ) Characteristics of monopoly
(27:10 ) Value of the future
(27:55 ) History of innovation
(28:28 ) Technological innovation
(30:16 ) Capturing value
(31:59 ) Success cases
(37:03 ) Psychology of competition
(38:14 ) Mimetic preferences
(38:33 ) Competition as validation
(42:22 ) Q&A
(42:26 ) Q1
(43:01 ) Q2
(43:38 ) Q3
(44:34 ) Q4
(46:40 ) Q5
(47:55 ) Q6
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United States
