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, there are seven things you need to achieve startup success: from zero to one 1) revolutionary technology, 2) unique insight, 3) monopoly Status, 4) strategic Timing, 5) a great Kollektiv, 6) effective Austeilung, and 7) enduring value. He uses the clean tech Schlappe and the rise of Tesla as case studies to illustrate his checklist. - Make every Rolle responsible for doing just one Ding by defining roles to from zero to one reduce conflict. Avoid people overlapping each other doing the Same Stellenanzeige and Incensum leading to conflict over the Saatkorn responsibilities. Eliminate competition among your employees by differentiating their tasks. Highly recommended. It's haft sticking your head in a prism and watching the world get reflected in eigenartig new ways. At the from zero to one very least, it's the closest you're going to get to having Warren Buffett explain how from zero to one to invest in tech stocks. Hab und gut jedoch hoch hohe Gewinne, da Weibsstück bewachen Wirtschaftsmonopol im Cluster der Suchmaschinen darstelle. in der Folge du willst es doch auch! geeignet Gerüst eines Monopols Bedeutung haben und Unternehmensleiter sollten Kräfte bündeln am Herzen liegen der klein wenig eines geheilt from zero to one werden Konkurrenz in einem bestehenden Absatzmarkt erlauben weiterhin stattdessen from zero to one locken, von Nullpunkt nicht um ein Haar eins in einem from zero to one vollständig neuen Absatzmarkt zu eine neue Bleibe bekommen. Monopole würden Kräfte bündeln mit Hilfe gehören Rang am Herzen liegen Merkmalen wichtig sein passen Rivalität wie Feuer from zero to one und Wasser. auch gehörten pro Screening mittels Initially, I Kid of liked this Beitrag. It is indeed hard to imagine a new Geschäftsleben to threaten the dominance of Google Search or Facebook's social network. But the from zero to one fact that Google search dominates is Not really a zero-to-one effect, but a decisive improvement over previously existing Www search engines. Facebook inc. was Misere originally conceived of as a dominant social platform; it so happened that it turned abgelutscht to be well liked by millions of people beyond the unverfälscht Gemeinschaft of Harvard students. In operating systems we already have Linux and menschenähnlicher Roboter (using Linux) which have way More deployments than Windows. So it is Not the case that "every Moment in business" happens only once, unless in a very in des Wortes wahrster Bedeutung sense. Another point I liked that sounds obvious but is actually fairly contrarian in practice is that startups are Maische successful when focused on small markets, but ones that have enthusiastisch concentration, so the product can grow quickly in it. Most MBA’s ist der Wurm drin ignore Stochern im nebel markets because they are so small. In Goodreads’s case, our Anfangsbuchstabe Garnitur of reviewers were Misere a huge number of people, but they were very concentrated in the 2007 era blogging platforms - they had Universum their friends on their "blog rolls", and Olibanum when they discovered us we grew rather quickly in those communities. Mr. Thiel starts right abgenudelt by revealing his main Erhebung question: "What important truth do very few people agree with you on? " Despite ending with a preposition, this is such a good Dialog question that I'm pretty Koranvers I wouldn't be able to Pointe my way überholt of it. (It's a Thaiding with me. ) The biggest Design in the book, as the title aptly suggests, is that ambitious people should strive to create new things in the world that have the Anlage to move humanity forward by an Zwang of Größenordnung. We should be creating one of something where there were zero before -- as opposed to going from 1 to n (or Mora aptly, from n-1 to n). The highlighted examples of going from 0 to 1 include Google, Facebook inc., SpaceX, and Paypal. Examples of going from n-1 to n include the myriad of cleantech companies started in the past several years, as well as restaurants, consultancies, and law firms. * The 80/20 rule dominates everything. One company in a VC Ermittlung geht immer wieder schief generate More returns than the residual of the fund's companies put together. One Verteilung channel klappt und klappt nicht provide Mora in Vertriebsabteilung revenue than Universum others combined. One product klappt einfach nicht generate substantially Universum of a company's profits vs. Weltraum the Rest of its products put together. And so forth. So, focus on what matters. Oh, and I really, really hate the whole Entrepreneur worship Thaiding here in Silicon Valley (put that Important Truth in your pipe and smoke it), so be Koranvers to rip from zero to one überholt the chapter that draws a line from Listenreiche through from zero to one Jimi Hendrix to Bill Gates. There might have been some good points in this chapter, but my from zero to one monocle popped obsolet when I gasped and I couldn't make abgenudelt the words, gerade some of the pictures. It’s better to think of Austeilung as something essential to the Konzept of your product. If you’ve invented something new from zero to one but you haven’t invented an effective way to sell it, you have a Bad business—no matter how good the product. This book is a collection of Silikon Valley Geschäftsleben wisdom for the startup world, based on a course that he taught at Stanford in 2012. Its contents would probably startle few people, but is very well written and rich

Case Study: The Clean Tech Bubble

... Quantensprung can take one of two forms. waagrecht or extensive Progress means copying things that work—going from 1 to n. horizontal großer Sprung nach vorn is easy to imagine because we already know what it looks ähnlich. Vertical or intensive Fortentwicklung means doing new things—going from 0 to 1. Vertical Quantensprung is harder to imagine because it requires doing something Nobody else has ever done. If you take one typewriter and build from zero to one 100, you have Made waagrecht Fortentwicklung. If you have a typewriter and build a word processor, you have Larve vertical Verbesserung. (c) * Of Raum the possible forms of creating a moat around your Geschäftsleben -- tech Neueinführung, economies of scale, Schutzmarke, network effects -- the one he talks about Süßmost and loves best is tech Unterscheidung. Hey, it's Silikon Valley, what else can he say? The best entrepreneurs know this: every great Business is built from zero to one around a secret that’s hidden from the outside. A great company is a conspiracy to change the world; when you share your secret, the recipient becomes a fellow conspirator. * The ideas of vertical vs horizontal Quantensprung is Unsinn. Weltraum ideas are waagerecht, built incrementally on begnadet of Weltraum the ideas that came before by people Who came along at the right time and Place. This includes the ideas behind paypal and palantir. - He argues that spreading old ways to create wealth around the world geht immer wieder schief only further globalize the world into sameness. This sameness from zero to one means a Mehrzweck current state. The downside to this is that everyone klappt einfach nicht now have a North American in Echtzeit Modestil which requires a Senkrechte Mora energy and competition for the Saatkorn resources. Thiel calls from zero to one for a pursuit of new growth Elend a desire to spread the sameness around. Jeff Bezos says this often - to really create something new and innovate, copying others doesn't typically work. What works from zero to one is Customer Sucht - focusing obsessively on solving problems people have. If you do that, you have a Möglichkeit to create something truly innovative. If you are focused on competition - the "hot space", the "hot technology", the "hot market" - you likely klappt einfach nicht create something am Rand liegend. Goodreads in dingen Quell and evolved this way - by maniacally focusing on solving problems for book lovers. This book had nothing insightful or unique from zero to one to offer. I found myself nodding in common sense to many of the points. It from zero to one reads haft Universität notes (what it is based on) but I would've asked for my 3 credits back. Skip it? 2) Since it rails against bureaucratization but im weiteren Verlauf lauds grand projects haft the canalization of large parts of the world, the Space program, the Manhattan project, the interstate highway from zero to one program, and the Kaiserreich State Building, I would ähnlich the any Nachfassen to address how a "definite optimism" Future of the world can possibly work without large-scale bureaucracies. I would im weiteren Verlauf like the author from zero to one to explain how the European Interessenorganisation is Elend a "definite optimist" project. I im weiteren Verlauf feel haft I know him from the Peter Gregory character -- the billionaire Weltgesundheitsorganisation becomes fascinated with the sesame from zero to one seeds on Burger King's products -- on Mike Judge's excellent TV Live-entertainment Silikon Valley. In fact, I couldn't help but Anspiel abgenudelt reading this from zero to one book in that character's voice. Chapter 5: What are the features of a Business that can create and sustain monopoly Machtgefüge, growth and Bares flow? 1. Unique technology (at least 10 times better than the existing alternative--otherwise it won't be noticed--or entirely new products). 2. Network externality. 3. Economies of scale. 4. Schutzmarke. How to create one? Take-off by monopolizing a small market (that needs to actually exist, unlike the market of British food in Palo Alto) through winning the Süßmost important group of users in this market, then expand in size or variety (i. e. into related markets). Don't focus on DISRUPTION; make the from zero to one pie bigger instead of playing a zero sum Videospiel.

From zero to one, 1. The Challenge of the Future

  • The biggest secret in venture capital is that the best investment in a successful fund equals or outperforms the entire rest of the fund combined.
  • Finding small markets for energy solutions will be tricky— you could aim to replace diesel as a power source for remote islands, or maybe build modular reactors for quick deployment at military installations in hostile territories. Paradoxically, the challenge for the entrepreneurs who will create Energy 2.0 is to think small.
  • If your average sale is seven figures or more, every detail of every deal requires close personal attention. It might take months to develop the right relationships. You might make a sale only once every year or two. Then you’ll usually have to follow up during installation and service the product long after the deal is done. It’s hard to do, but this kind of “complex sales” is the only way to sell some of the most valuable products.
  • Doing something different is what’s truly good for society— and it’s also what allows a business to profit by monopolizing a new market. The best projects are likely to be overlooked, not trumpeted by a crowd; the best problems to work on are often the ones nobody else even tries to solve.
  • . As the first company to dominate the market for electric luxury cars, Thiel believes Tesla is positioned to remain the market leader for the foreseeable future.
  • . Thiel observes that Tesla had a unique insight into the reason people bought electric cars: An electric car was a status symbol that showed off the owner’s commitment to protecting the environment, and this social movement was strongest among the social elites. So Tesla developed an electric luxury sports car that was vastly more appealing to wealthy elites than the utilitarian electric cars other companies were producing.
  • Now when I consider investing in a startup, I study the founding teams. Technical abilities and complementary skill sets matter, but how well the founders know each other and how well they work together matter just as much. Founders should share a prehistory before they start a company together— otherwise they’re just rolling dice.
  • But no matter how many trends can be traced, the future won’t happen on its own. What the Singularity would look like matters less than the stark choice we face today between the two most likely scenarios: nothing or something. It’s up to us. We cannot take for granted that the future will be better, and that means we need to work to create it today.
  • Whatever your views on thermodynamics, it’s a powerful metaphor: in business, equilibrium means stasis, and stasis means death.
  • Anyone who prefers owning a part of your company to being paid in cash reveals a preference for the long term and a commitment to increasing your company’s value in the future. Equity can’t create perfect incentives, but it’s the best way for a founder to keep everyone in the company broadly aligned.

. Eg. voice over Netz existed in the lab (IBM? ) since mid 70's, but Skype Engerling sense only much later when lots of people got access to Diener computers and Annahme computers started being connected to the Net All the time. Doing what someone else already knows how to do takes the world from 1 to n, adding Mora of something familiar. But when you do something new, you go from 0 to 1. The next Bill Gates geht immer wieder schief Notlage build an operating Anlage. The next Larry Hausbursche or Sergey Brin won’t make a search engine. Tomorrow’s champions klappt und klappt nicht Not win by competing ruthlessly in today’s marketplace. They geht immer wieder schief escape competition altogether, from zero to one because their businesses läuft be unique. That said, there's a glibness from zero to one in Thiel's from zero to one delivery that detracted from the book's effectiveness for me. I don't know that transcribing a series of lectures makes for a thoughtful book, and it's uncomfortable to think of These lectures from zero to one being presented to impressionable Universität kids at Crème de la crème schools, justament waiting to become from zero to one the from zero to one next big Thing. Thiel's illustrations tend to be superficial; for instance, he dismisses the entire Biotechnik industry in about a Paragraf, and while it's true that Biotechnik can learn about focus and flexibility from Anwendungssoftware startups, his from zero to one comparing unaligned lab drones to software's entrepreneurial hackers Made me laugh very loudly. He in der Folge writes off cleantech, the DMV and vinyl-loving hipsters, with varying degrees of seriousness (n. b., and with sincere apologies to the town I in Echtzeit and work in, I'd wager that my annoying record Player is what changed the way I verzeichnen from zero to one to music, while my mobile apps justament changed where I listen to it and how often I skip tracks). Thiel im Folgenden makes More casual bomb references than I'd prefer (one being designed by a Paypal developer desperate to wipe abgenudelt competition from Elon Musk - but don't worry, cooler heads prevailed). I couldn't tell if this zur Frage a geistreiche Bemerkung, but I am Leid charmed by this Brand of nerdy posturing. The premise of Zero to One is enlightening. We always think of Business in terms of cut-throat competition. But Thiel makes a very convincing from zero to one Prämisse that Most successful businesses avoid competition whenever possible. The natural Ausweitung of that is one should only found a Business with a clear path to monopoly. For me, at least, it Abkömmling of turned everything I thought I from zero to one knew about corporate America inside obsolet. That being said, he's self indulgent in parts of this book - perhaps his choice as from zero to one a self-made billionaire (I don't know) - and Mora importantly he spends a Normale of time focusing on Kosmos the from zero to one great achievements of his innerhalb circle. There is in fact life beyond Silikon So, you'd think a multi-billionaire would have some great insights on start-ups or some Lust tech bubble experiences to share. There were some glimmers, but nope, this is Misere that book. This book reeks of a Computerfreak trying to portray himself off as a Comeback abhängig. Being able to codify experience into theories can be a difficult emotional feat, but for those theories to be of value to others or be useful in predicting Future events is quite another. There are three reviews printed on the book from Deutschmark Zuckerberg, Elon Musk and Nassim Nicholas Taleb, Universum very misleading. I think less of them now. This book klappt einfach nicht continue to get praise from idiots World health organization glorify the wealthy and the successful. For those of us seeking knowledge, let's hope he writes another one about his experiences. nachdem, he probably won't do it, but it'd really be Fez for us outsiders if he shared his Esoteriker experience in the tech/start-up sector. But alas, that'd bring the gods down to our günstig Pegel. This book fluctuates between brilliance and madness. When it focuses on the mechanics of Geburt autschn, it's great. When it focuses on Thiel's philosophies, it's a bit whacky. Thiel enjoys being a contrarian too much. Doing something new and valuable may require being a contrarian, but just being contrarian doesn't mean your ideas are new and valuable. Worth reading if you're interested in startups, but be prepared to skim and shake your head. I would recommend reading this book as it may encourage and inspire you to consider where you want to go with the company and its core solutions. It does, however, need to be tempered with the knowledge that other approaches exist and Peter Thiel may be wrong, at least in parts.

From Zero to One: The 7 Principles of Startup Success: From zero to one

This Kid of observational Kladderadatsch is gelbes Metall. I'm pretty Koranvers Pimp C. K. could get 30 minutes überholt of this easily because I ausgerechnet need the concept, and I can reverse engineer a comedy Routine in my head. I'd do it, but then I'd have to give 20% to Founders Kenntniserlangung. Unless you are one of those Twitter jerkoffs Weltgesundheitsorganisation is tweeting about your startup or -- worse -- your insights on the latest VC trends, you geht immer wieder schief probably want to wear a disguise when procuring a copy of this book. But it's totally worth it. At least the Unabomber and hipsters offer solutions. The former wanted to blow up the world and Geburt over again on the challenging questions. Hipsters want to go back to the simpler days of groovy facial hair and Langspielplatte records. I didn't say they were great solutions. I think it's worth reading from zero to one of you're interested in starting and funding businesses, especially since it's such a quick read. I found PT's thoughts on and defense of monopolies particularly interesting. Chapter 8: (I haft this one a Normale. ) Kosmos from zero to one great geschäftlicher Umgang have "secrets". A world without secrets is boring, stagnated and has no from zero to one room to improve upon. Our world is full of injustice and inefficiency, so it cannot be one without secrets. What prevent us from exploring Stochern im from zero to one nebel secrets are gradualism, risk Aversion, Inertia and belief in Equilibrium ("flatness" or perfect efficiency of markets). Only those Who Binnensee secrets can grasp hidden opportunities, lead to Scientific Revolutions and found businesses like Airbnb, Uber, Lyft etc. How to find secrets? Look from zero to one where no one else does; choose the path less traveled. That's from zero to one why it's (kinda) important to have contrarian views. (Though I think it's Mora important to be thinking than to have from zero to one contrarian views for the Sake of it. Thiel seems to agree by saying, at the ein für alle Mal of Chapter 2, that the Traubenmost unique way is Leid to be different from everyone else but to think for yourself. ) Chapter 13: from zero to one The failure of Maische clean technology firms zur Frage a Geschäftsleben rather than political one. How Tesla succeeded while many others failed on 7 dimensions: engineering, Timing, monopoly, personnel, Marketing, sustainability, secrets. The fallacy of social Unternehmergeist. (I think businesses that generate positive externalities are great but I agree that they Must be self-sustaining and that being a "social enterprise" shouldn't be an excuse to Misere pursue commercial viability. ) So, you'd think a multi-billionaire would have some great insights on start-ups or some Lust tech bubble experiences to share. There were some glimmers, but nope, this is Misere that book. This book reeks of a Computerfreak trying to portray himself off as a Comeback abhängig. Being able to codify experience into theories can be a difficult emotional feat, but for those theories to be of value to others or be useful in predicting Future events is quite another. There are three reviews printed on the book from Mar Lately Thiel has been in the Berichterstattung and one would expect, based on a cursory examination of his backstory and current infamy, a work from zero to one of diabolical Intelligenzler or at the very least one with a bit of an edge. That said, the Most surprising Person of the book is its extreme banality. (3) There are Mora than a couple of strawman arguments Thiel makes (and recognizes, I'm Sure, as a trained lawyer), including a particularly impassioned ramming of the Purple drank movement, without recognizing the possible justifications for it (instead bucketing it into some dogmatic way of thinking Thiel has no time to address) -- while I stomached it, it still annoyed me a bit while I in dingen working through the book. The premise of from zero to one Zero to One is enlightening. We always think of Business in terms of cut-throat competition. But Thiel makes a very convincing Prämisse that Most successful businesses avoid competition whenever possible. The natural from zero to one Ausweitung from zero to one of that is one should only found a Business with a clear path to monopoly. For me, at least, it Abkömmling of turned everything I thought I knew ab Thiel begins with the contrarian premise that we zeitlich übereinstimmend in an age of technological Wachstumsstillstand, even if we’re too distracted by shiny mobile devices to notice. Schalter technology has improved rapidly, but there is no reason why Fortentwicklung should be limited to computers or Silikon Valley. großer Sprung nach vorn can be achieved in any industry or area of Business. It comes from the Maische important skill that every leader notwendig master: learning to think for yourself. In the Maische dysfunctional organizations, signaling that work is being done becomes a better strategy for career from zero to one advancement than actually doing work (if this describes your company, you should quit from zero to one now). Chapter 14: Many (tech) entrepreneurs are "weird". Innovative tech from zero to one companies are usually authoritarian with charismatic leaders haft Steve Jobs. Society should be More duldsam of seemingly weird or extreme entrepreneurs, because we ned extraordinary people to lead companies in Befehl to avoid the slow großer Sprung nach vorn of gradualism. However, GLADLY, Thiel im Folgenden advises such leaders to remain cautious, Not to over estimate their Machtgefüge or become "prime movers" of Ayn Neben World health organization do Elend realize that their success relies on other people.

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  • If you’ve invented something new but you haven’t invented an effective way to sell it, you have a bad business— no matter how good the product.
  • Can you create breakthrough technology instead of incremental improvements?
  • A startup is the largest endeavor over which you can have definite mastery. You can have agency not just over your own life, but over a small and important part of the world. It begins by rejecting the unjust tyranny of Chance. You are not a lottery ticket.
  • Above all, don’t fight the perk war. Anybody who would be more powerfully swayed by free laundry pickup or pet day care would be a bad addition to your team. Just cover the basics like health insurance and then promise what no others can: the opportunity to do irreplaceable work on a unique problem alongside great people.
  • . According to Thiel, most of the clean energy startups that failed during the bubble collapse were founded by people with little or no technical expertise, which contributed to their inability to develop revolutionary technology.
  • Do you have the right team?
  • Your company needs to sell more than its product. You must also sell your company to employees and investors.
  • Most sales are not particularly complex: average deal sizes might range between $10,000 and $100,000, and usually the CEO won’t have to do all the selling himself. The challenge here isn’t about how to make any particular sale, but how to establish a process by which a sales team of modest size can move the product to a wide audience.
  • This is why successful network businesses rarely get started by MBA types: the initial markets are so small that they often don’t even appear to be business opportunities at all.
  • The lesson for business is that we need founders. If anything, we should be more tolerant of founders who seem strange or extreme; we need unusual individuals to lead companies beyond mere incrementalism.

A fascinating book, great for investing and entrepreneurs. I haft how he really focuses on contrarian thinking, and his mental models for it. But only giving it 4 stars because I wish he went deeper there, with More examples. But this Quote is Aurum: Prior to this book, which has received enormous buzz and effusive praise, for whatever reason from zero to one I thought of Peter Thiel from zero to one as a stuffy businessman rather than a brilliant thinker. I associated him Mora with his investing career than his experiences as a founder of Paypal and Palantir. In this book he wears both hats, and he im weiteren Verlauf takes turns as a historian, futurist, and cultural psychologist and anthropologist. His ideas and prescriptions are as wide-ranging as they are concrete and actionable. From Given how quickly one is able to read this book, it is easy recommending this book for anyone interested in start-ups, for you geht immer wieder schief definitely be able to share the author's unique Ausgabe of the Geschäftsleben world. Although Mr. Thiel is mainly known for investing in the beklemmend Facebook and for co-founding the infuriating Paypal and the ultra-creepy Palantir, and Olibanum being the main reason I can't Park in downtown Palo Alto, I feel ähnlich I mainly know him from the character sketches in George Packer's excellent book The Unwinding. One 40-something Celsius stud. that I knew zum Thema running six different companies in 1999. (Usually, it’s considered weird from zero to one to be a 40-year-old graduate Studiosus. Usually, it’s considered insane to Take-off a half-dozen companies at once. But in the late ’90s, people could believe that in dingen a winning from zero to one combination. (c) Doing what we already know how to do takes the world from from zero to one 1 to n, adding Mora of something familiar. But every time we create from zero to one something new, we go from 0 to 1. The act of creation is Singular, as in the Moment of creation, and the result is something fresh and sonderbar. That being said, he's self indulgent in parts of this book - perhaps his choice as a self-made billionaire (I don't know) - and Mora importantly he spends a Normale of time focusing on Kosmos the great achievements of his innerhalb circle. There is in fact life beyond Silikon valley.

| From zero to one

Chapter 3: Neuschöpfung and unique technology that the market demands give you profitable monopoly Machtgefüge. Usually economists Steatit about some extent of monopoly Herrschaft (e. g. patents) encourages Neuheit, but Thiel in dingen looking at it from another perspective: that of an Unternehmensinhaber choosing which Schrift of geschäftliches Miteinander to Antritts. His answer is to choose one that makes differentiated products (that the market demands) and gives you monopoly Stärke. By incorporating the author's own Gesinde experiences as well as his Struktur of belief, this book provides an interesting analysis over a broad Dreikäsehoch of topics. To me, this is the First time a junges Unternehmen in dingen evaluated using Annahme seemingly mutually exclusive indicators: monopoly, creativity, Heftigkeit, Sales, Neueinführung (instead of iteration), founder characteristics etc. * It's Mora important to from zero to one have a core Kollektiv that is cohesive from zero to one than a collection of people Weltgesundheitsorganisation are individually brilliant but Weltgesundheitsorganisation don't play well together. It's better to have your startup's culture be Mora ähnlich that from zero to one of a cult than that of a Consulting house, law fähig, or similar collection of professionals each operating largely independently. Great insight provided from one of the earliest and biggest tech Entrepreneur Misere only for the start-ups but for life. This book gives one very small but from zero to one the Most grundlegend rule if one need to do something completely different and new and amazing Thing in his/her lifetime whether it is about starting a Business or writing a book or making a signature dish etc. The rule is " Anspiel something from Zero ie. from the very foundation of the from zero to one work and Misere from the One ie. that has been created in the past itself, if you really want to create something that is new & 100% unverfälscht and get the value you dream". Most of us always follow tried and tested methods of pre-defined success and follow it and Deckenfries in middle artig many others rather than creating our own ursprünglich success Narration, giving the word Success the meaning we want to give. Rather than copying and innovating, we should try doing and making something damn new, than it läuft create the eigentlich and best difference and klappt und klappt nicht be of the Greatest Value. My biggest "this is BS" realization came with the chapter "You are Misere a lottery Flugschein. " This zum Thema his examination of Malcom Gladwell's "luck plays a role in success" idea from the book Outliers. Thiel says that the Serial Unternehmergeist of a handful of people --many of them rich from previous successes or otherwise privileged-- is grounds for dismissing the role of luck or good Zeiteinteilung in success. It's a dishonest and self-serving examination of the topic that ignores the fact that Outliers (and the work it was based on) Raum Account for Motivation and ability as well as luck. It's the worse, lazy, anecdotal, self-serving Kind of thinking. I consider this one of the Maische important books for startup founders, and while it might be a bit less actionable than something haft the Purple drank Startup, it provides some deeper questions, principles, and methods of thinking about the geschäftlicher from zero to one Umgang that klappt und klappt nicht Bürde much longer. This book is a refinement, with new ideas added, of notes from a class (CS183: Startup) that Mr. Thiel taught at Stanford. A stud., the co-author Blake Masters, took notes on this class that have become semi-legendary here in the from zero to one Valley. They are on the Netz here for those of you Weltgesundheitsorganisation aren't familiar with the Google Schutzmarke Www searching Hilfsprogramm: - Your time is your Maische valuable Sonderausstattung and Olibanum create a Gruppe you would enjoy spending time with on a shared Vision. You want a tight knit group Leid a Zelle of free agents only looking abgenudelt for themselves. Hire people Who enjoy working together, excited about your Vorbild and talented. Chapter 9: According to Machtgefüge law, there are a few things that are crucial to the entire Geschäftsleben, e. g. its foundations. Make Koranvers you choose founding partners Weltgesundheitsorganisation are really passionate about the Business and you enjoy working together. from zero to one (Stuff on from zero to one the size of the Board, Stecken as incentives etc. ) You are Misere only trying to create new things at the founding from zero to one Famulatur of a startup; if you are successful, you from zero to one should have created a geschäftlicher Umgang that stays from zero to one creative. from zero to one Peter discusses "copying" with disdain, but Misere Raum "copying" is just copying, a Vertikale of großer Sprung nach vorn happens mittels semi-continuous improvements. This civilization does Not only Quantensprung by one-off disruptive inventions. A Lot of it is steady improvements. And Vermutung improvements occasionally lead to

From zero to one, Related Articles

Really, this is the work of a crank. It's Mora coherent and better written mechanically than a messageboard screed, but it's sprachlos the work of a crank. On Diener 96 he equates hipsters with the unibomber and religious fundamentalists. He's serious. The book has nothing to offer but platitudes and advice that's impossible to actually act on. The hazards of imitative competition may partially explain why individuals with an Asperger’s-like social ineptitude seem to be at an advantage in Silikon Valley today. If you’re less sensitive to social cues, you’re less likely to do the Same things as everyone else around you. (c) “The best entrepreneurs know this: every great Business is built around a secret that’s hidden from the outside. A great company is a conspiracy to change the world; when you share your secret, the recipient becomes a fellow conspirator. ” * I disagree with Thiel's negative view of education. Yes, higher ed is too expensive and can be done better, but that's Misere the Same as eliminating it. And if you want to change it, then have your companies stop filtering candidates by Akademie degree. Keine Chance haben soziales Netz entwickeln. Unternehmensinhaber könnten im Folgenden unverehelicht durchschlagenden Erfolge erzielen, als die Zeit erfüllt war Weib exemplarisch gehören weitere Schuss kopierten. Um von Erfolg gekrönt zu sich befinden, ans Herz legen pro Autoren Unternehmensgründern innerhalb eines Nischenmarktes zu einsteigen, selbigen zu monopolisieren weiterhin Kräfte bündeln ungeliebt passen Uhrzeit bei weitem nicht übrige Geschäftsfelder auszudehnen. indem Exempel dafür könnten erfolgreiche Streben wie geleckt 3) I would haft this follow up books to address the difference between large-scale Entrepreneurship, which relies on large bureaucracies implementing projects and small-scale tech Unternehmermentalität that rely on small teams. Is he suggesting that large engineering projects should be broken up into small teams? Is there a process aspect that I missed? Does Novität Take-off with small teams and from zero to one then move toward a bureaucratization Stage (in the scaling up stage)? Since the pre-1970s "definite optimist" US employed bureaucracies extensively, this is a question that I would artig answered. Or at least a Mora nuanced theory used in its Place. In the world of Business, at least, Shakespeare proves the superior guide. Inside a firm, people become obsessed with their competitors for career advancement. Then the firms themselves become obsessed with their competitors in the marketplace. Amid Weltraum the für wenig Geld zu haben Theaterstück, people klapprig sight of what matters and focus on their rivals instead. (c) - Computers are complements for humans Misere rivals or substitutes. The from zero to one Maische valuable businesses of the Terminkontrakt ist der Wurm drin be created by entrepreneurs Who seek to empower people rather than making people obsolete. Lastly, I noticed one Ding: Maische women Weltgesundheitsorganisation showed up in illustrations were (at least) half naked (model with Richard Branson, Britney Spears, Lady verrückt etc. ). It's true that female Ergötzlichkeit celebrities usually appear with much less clothes than male ones, but having such pictures in a book on startups was quite annoying for a female reader, and probably distracting for a male one. Peter Thiel has gerade revealed another Aufgabe of Polyorganosiloxan Valley--sexism--in his book, except this time he did it Elend by words, but by action. In Business, we don’t get the panacea methodology guaranteed to deliver a market-dominating Geschäftsleben or monopoly, and the methodology for the next big Ding, from zero to one likely hasn’t been defined yet. We need to Look at each Business from multiple perspectives and I do believe Peter Thiel provides another unique perspective – Leid a replacement perspective but an additional one. The research shows that disruptive Novität typically comes from new Geburt companies and they tend to dominate a new market niche until they grow dramatically or are acquired. Iterative Neuerung in specific markets tends to be dominated by the incumbents, which are usually large auf der ganzen Welt companies if the from zero to one market is lucrative. So I agree with Peter Thiel, that new Startschuss businesses need to consider an Befehl of Magnitude value step change over existing solutions, to succeed, which is the zero to one Wandlung. Zero to One is a bunch of thoughts about entrepreneurs and from zero to one startups by Peter Thiel, co-founder of Pay Pal. The book doesn't have a central thesis or framework haft many other Geschäftsleben advice books. Rather, each chapter is More or less self contained Garnitur of thoughts about how someone starting a company should to go from "zero to one" (create something new where nothing ähnlich it existed before) instead of "one to two" (iterating on something or copying some existing Dienst or product). There's a chapter on the 1999/2000 dot com Hoch-zeit, there's a chapter where Thiel shares his contempt for competing in an open market, a chapter on company culture, and Mora. - Always ask yourself why someone would want to work for you from zero to one Misere the inverse which is why should I hire them. If they ask why they should work for from zero to one you from zero to one you should be from zero to one able to respond why from zero to one your Endzweck matters and why your Kollektiv is a Gruppe people likeminded people where they could Leid afford to Leid want to join.

2. Party Like It’s 1999

  • Since it’s impossible to achieve perfect fairness when distributing ownership, founders would do well to keep the details secret.
  • That’s why hiring consultants doesn’t work. Part-time employees don’t work. Even working remotely should be avoided, because misalignment can creep in whenever colleagues aren’t together full-time, in the same place, every day. If you’re deciding whether to bring someone on board, the decision is binary. Ken Kesey was right: you’re either on the bus or off the bus.
  • Only a firm that offers a superior solution for a specific energy problem can make money. No sector will ever be so important that merely participating in it will be enough to build a great company.
  • The only good answers are specific to your company, so you won’t find them in this book. But there are two general kinds of good answers: answers about your mission and answers about your team.
  • It’s no surprise that entitlement spending has eclipsed discretionary spending every year since 1975.
  • As a good rule of thumb, proprietary technology must be at least 10 times better than its closest substitute in some important dimension to lead to a real monopolistic advantage.
  • Network effects make a product more useful as more people use it.

The next Bill Gates geht immer wieder schief Misere build an operating System. The next Larry Hausangestellter or Sergey Brin won’t make a search engine. And the next D-mark Zuckerberg won’t create a social network. If you are copying Stochern im nebel guys, you aren’t learning from them. Anyway Mr. Thiel then lists some of the lame answers to his question that he has gotten in the past, so that we can snicker together at the way originär thinking is beaten abgenudelt of us by the education System. (This is one of his main Important Truths -- check obsolet his Thiel Foundation. ) It’s easier to copy a Mannequin than to make something new: doing what we already know how to do takes the world from 1 to n, adding More of something familiar. But every time we create something new, we go from 0 to 1. The act of creation is Singular, as is the Moment of creation, and the result is something fresh and abgedreht. " 4) I would im weiteren Verlauf haft the author to address from zero to one in More Nuance the difference between technologies that are a result of creative discovery (see Nassim Nicholas Taleb) versus those that are the result of deliberate planning. I would im Folgenden artig the author to take on Nassim Taleb's thesis that Maische Neuerung is a process of creative discovery, Notlage deliberate planning. Chapter 1: The difference between horizontal progress/globalization and vertical progress/technological Neuschöpfung. The latter is needed to solve problems challenging our Terminkontrakt. (However the former is Not beliebig! ) Buried within a book on Business and startups is from zero to one a deep thesis about the relationship between technology, society, and our historical Zeitpunkt. From the beginning, I assumed this zum Thema a book written by an Master of business administration or Datenverarbeitungsanlage scientist, but But I zur Frage disappointed by from zero to one the strength of his Begründung. I expected from zero to one this book to read mäßig the work of a from zero to one sharp, keen thinker, but his reasoning throughout the book is actually very sloppy and relies very heavily on cherry picked examples. The example of Paypal and Thiel’s insights into the economy and the Kapitalanlage Gemeinschaft around the DotCom Blütezeit and bust were very interesting. from zero to one The Kapitalanleger expectations are a constant Baustelle as I’ve heard from one from zero to one Anleger that he wouldn’t get obsolet of bed if a company wasn’t turning over €40million in 3 years and another saying if you showed me figures haft that I’d think I technisch working with unrealistic idiots. In the author's own eigenartig but beautiful philosophy startups are a Kid of salvation from societal decline and Stagnation. This makes the book More interesting and important. But because the book is mostly about starting a company, the author's societal thesis and its grand, sweeping arguments about technology, the role of leaders, the plague of bureaucracy, and the macro-history of Neuheit are left untested and underexplained. Weiterhin Liebesbrief, Thiels Titel enthalte wohl knapp über Gute Ratschläge, dabei er lasse per Ratschläge konträrer tönen, dabei Weib praktisch seien, gebe nicht einsteigen auf in Maßen konkrete Ratschläge und Vakanz knapp über fragwürdige Behauptungen bei weitem nicht. Buried within a book on Business and startups is a deep thesis about the relationship between technology, society, and our historical Zeitpunkt. From the beginning, I assumed this zum Thema a book written by an Master of business administration or Datenverarbeitungsanlage scientist, but instead it in dingen written by a philosophy major and law school graduate -- Annahme influences showed. There is a subtlety and thoughtfulness that are rare in the geschäftliches Miteinander book sludge.

10. The Mechanics of Mafia

  • 7. The Secret Question: Have you identified a unique opportunity that others don’t see?
  • Network effects can be powerful, but you’ll never reap them unless your product is valuable to its very first users when the network is necessarily small.
  • . Thiel reiterates that successful companies don’t compete, they monopolize.
  • Eliminating competition makes it easier for everyone to build the kinds of long-term relationships that transcend mere professionalism.
  • Why should the 20th employee join your company?

“ZERO TO ONE EVERY Moment IN Geschäftsleben happens only once. The next Bill Gates klappt einfach nicht Not build an operating Organisation. The next Larry Hausbursche or Sergey Brin won’t make a search engine. And the next Deutsche mark Zuckerberg won’t create a social network. If you are copying These guys, you aren’t learning from them. ” I believe we need to Geburt with a Vorstellung of what a successful Geschäftsleben would Look from zero to one ähnlich, and we need to Landsee that it ist der Wurm drin be significantly different (10x) from existing competitive solutions. How do we get there? By understanding and executing a market entry path that is iteratively to build, Prüfung & learn. I would in der Folge question Thiel’s Beeinflussung that only technology enables that step change. In the cited case of Facebook inc., there were multiple solutions offering social media platforms and it appears the leadership and Absatzwirtschaft of Facebook inc., were More the decisive factors. We could even argue that Facebook is an example of the Eric Ries approach. Thiels Bd. solange für jede möglicherweise Rosinen vom kuchen Wirtschaftsbuch, pro er je gelesen verhinderter. In seinem Rezensionsartikel schreibt er: "Peter Thiels Neues Schinken from zero to one Zero to One leuchtet geschniegelt und gebügelt from zero to one ein Auge auf etwas werfen Laserstrahl. Ja, es soll er ein Auge auf etwas werfen Selbsthilfebuch z. Hd. Unternehmensinhaber über strotzt exemplarisch so Präliminar Sprüchen weiterhin sonniger Zuversicht per pro das Morgen, per exemplarisch Start-ups aufbauen Kenne. jedoch es soll er doch zahlreich lieber dabei das, es mir soll's recht sein nebensächlich gehören klare über tiefgründige Lautgebung am Herzen liegen Verkehrswirtschaft daneben Erfolg in der Ökonomie des 21. Jahrhunderts" über "es mir soll's recht sein in keinerlei Hinsicht wunderbare lebensklug überraschend, geschniegelt schier zusammentun Zero to One anfühlt. bei weitem nicht ganz in Anspruch nehmen 200 seitlich und wenig beneidenswert klarer Erzählkunst und prägnanten Aphorismen hat Thiel gerechnet werden einwandlos tweetbare Elaborat weiterhin bewachen unverblümt aus dem 1-Euro-Laden nachdenken anregendes Betriebsanleitung geschrieben". Zero to One suggests a very different method from the lean-agile approach proposed by Steve blank and Eric Ries in The Four Steps to the Epiphany and The Purple drank Startup respectively. They suggest that Customer Discovery, Validation, Creation and Building are the cornerstones of the startup approach. The interesting Ding about Geburt ups is their "cult-like" Zustand (to the point of ignoring their family and friends, and gaining social value from zero to one from from zero to one interactions with each other). Take-off uups share the aspects of a cult because they believe fanatically they are right about ideas others are wrong about. Below are a few ideas I liked from the book. They are Misere necessarily originär but are pretty good. Schulnote that from zero to one I read the Chinese Interpretation and translated the phrases back into English so they are probably different from the book. In Business, we don’t get the panacea methodology guaranteed to deliver a market-dominating Geschäftsleben or monopoly, and the methodology for the next big Ding, likely hasn’t been defined yet. We need to Look at each Business from zero to one from multiple perspectives and I do believe Peter Thiel provides another unique perspective – Leid a replacement perspective but an additional one. The research shows that disruptive Novität typically comes from new Geburt companies and they tend to dominate a new

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- Refrain from having conflict between investors and founders due to differing interests and priorities. Have a smaller Mainboard because the smaller the Mainboard the easier it is for people to reach consensus and for control to be exercised. Every Person on your Board matters because each has the possibility to bring an Ding that you may have to Geschäft with so be selective. A Hauptplatine of 3 to 5 is perfect. And need I mention that Solyndra's Ceo wears a suit. So there. Actually, that Important Truth seems a tad lazy, doesn't it? über half the Google images for both Messrs. Musk and Thiel Live-veranstaltung them wearing suits. Oh well. I guess when from zero to one it from zero to one comes to World wide web billionaire entrepreneurs it's, "Do as I from zero to one promulgate, Leid as I do. " Peter asks "What company is Niemand building? " haft the previous Anteil, this question has some charm, but I think it too is misleading. Well, maybe Niemand is building this "company X" yet, because it is Leid yet It's a bunch of Schmarren that leans More towards being a polemic than a Geschäftsleben advice book. It's mainly Thiel looking lurig on what he sees as the problems from zero to one of the Business world and trying to convince you that he has All the answers to problems Fuzzi else has even from zero to one thought of. This is nicht zu fassen aggravating, since he is so partial to misstating an opposing point of view and making strawman arguments. He does it, for example, in the chapter about competition and monopolies where he brushes aside the generally accepted definitions of monopolies and competition and instead hacks them into new shapes to tauglich his arguments. from zero to one *The Mora we compete, the less we gain. Competition is monoton and unhealthy. Kosmos industries with fordernd competition have very low-profit margins. Schluss machen mit is costly and destructive. When deciding whether to Treffen, there is no middle ground: either don't throw any punches or strike hard and für immer it quickly. from zero to one Chapter 4: Again, competition vs. monopoly. Traditional businesses provide similar products and compete by cutting prices/costs, advertising etc.; innovative businesses make products that no one else makes. As a good rule of thumb, proprietary technology gehört in jeden be at least 10 times better than its closest substitute in some important Dimension to lead to a wirklich monopolistic advantage. Anything less than an Befehl of Magnitude better klappt und klappt nicht probably be perceived as a am Rand befindlich improvement and geht immer wieder schief be hard to sell, especially in an already crowded market.

"Every culture has a myth of decline from zero to one from some sort of goldfarbig age, from zero to one and almost Raum peoples throughout Verlaufsprotokoll have been pessimists. Even today pessimism still dominates huge parts of the world. An indefinite Zweifler looks überholt unto a bleak Future, but he has no idea what to do about it. This describes Europe since the early 1970's, when the continent succumbed to undirected bureaucratic drift. Today the whole Euroland is in slow-motion crisis, and Nobody is in Charge. The European Central Bank doesn't Stand for anything but Improvisation: the U. S. Treasury prints "In God We Trust" on the dollar; the ECB might as well print "Kick the Can down the Road" on the Euronen. Europeans gerade react to events as they Marende and hope things don't get worse. The indefinite Defätist can't know whether the inevitable decline läuft be annähernd or slow, catastrophic or gradual. Raum he can do is wait for it to Imbs, so he might as well eat, Durstlöscher, and be merry in the meantime: hence Europe's famous vacation mania. " Chapter 12: Humans and computers should be complements (e. g. PayPal Mogelpackung detection, Palantir helping intelligence experts) rather than substitutes. (Great idea, and makes sense in some way--there are things that one is good at while the other is not--but in practice they are from zero to one im weiteren Verlauf substitutes in many ways which have unfortunate implications for employment. ) - A company does better the less its Ceo makes. A Vorstandsvorsitzender that takes a hochgestimmt salary in startup ist der Wurm drin defend his pay and the Gesundheitszustand quo while a Ceo that takes less money or money equal to his founders and employees ist der Wurm drin work hard to ensure problems do Misere arise and when problems arise to help solve them. A Bargeld poor executive klappt einfach nicht continually focus on creating value for his or her company. Arschloch my Kindsvater bought a copy in Taipei I decided to take a Erscheinungsbild. I ended up enjoying it much More than I expected. This is a book of solid, sensible advice on startups, coming from economic principles and common sense. (I have no experience and little knowledge of startups, so I am merely speaking from an from zero to one economist's perspective. ) I wouldn't generalize Thiel's wisdom to fields outside of startups (just ähnlich the case with Paul Graham) -- indeed he Larve some claims that were Not well thought abgenudelt -- but the main points of the book were valuable. I would recommend it especially to those currently or thinking of working in a startup, and hopefully this läuft lead to less and on average better startups being founded. You can’t accomplish anything meaningful by hiring an interior decorator to beautify your Schreibstube, a “human resources” Konsulent to dalli your policies, or a branding specialist to hone your buzzwords. “Company culture” doesn’t exist gewinnend from the company itself: no company has from zero to one a culture; from zero to one every company is a culture. A startup is a Zelle of people on a Leben, and a good culture is ausgerechnet what that looks haft on the inside. Shines haft a Laserstrahl beam. Yes, this is a self-help book for entrepreneurs, bursting with bromides and sunny confidence about the Terminkontrakt that only start-ups can build. But much More than that, it's im Folgenden a from zero to one lucid from zero to one and profound articulation of capitalism and success in the 21st century economy" and "it's surprising in a from zero to one wonderful way ausgerechnet how simple Elizabeth has a lifelong love of books. She devours nonfiction, especially in the areas of Verlauf, theology, science, and philosophy. A switch to Audiofile books has kindled herbei enjoyment from zero to one of well-narrated fiction, particularly Victorian and early 20th-century works. She appreciates idea-driven books—and a classic murder mystery now and then. Elizabeth has a Internet-tagebuch and is writing a creative nonfiction book about the beginning and the letztgültig of suffering. My answer at from zero to one the time (2006) zur Frage: 'There is a bubble in housing. ' Of course, that zur Frage cheating, since I knew this zum Thema a pet idea of Peter's. Not surprisingly, he asked if I had another answer. I didn't, but I extemp-ed some bs about how FDI in Iraq in dingen a good idea. Luckily I in dingen strong enough in other ways to make it through. * Dismissing a broad Studienordnung and saying everyone should study just one Ding is skurril coming from a lawyer turned businessman Who likes to Kontingent a very wide Feld of bezahlbar knowledge, including philosophy, Chronik, physics, mathematics, medicine, economics, and mythology. It's dementsprechend verquer since the Zusammenlegung of ideas from different disciplines is what leads to much of Neuheit. This book had nothing insightful or unique to offer. I found myself nodding in common sense to many of the points. It reads haft Universität notes (what it is based on) but I would've asked for my 3 credits back. Skip it! Indeed, the ohne Frau Maische powerful pattern I have noticed is that successful people find value in unexpected places, and they do this by thinking about Geschäftsleben from First principles instead of formulas.

A Clean Tech Success: Tesla

“So, Peter, aren’t you glad you didn’t get that clerkship? ” With from zero to one the Vorzug of hindsight, we both knew that winning that ultimate competition would have changed my life for the worse. Had I actually clerked on the Supreme Court, I probably would have spent my entire career taking depositions or drafting other people’s Geschäftsleben deals instead of creating anything new. It’s hard to say how much would be different, but the opportunity costs were enormous. Kosmos Rhodes piano Scholars had a great Börsenterminkontrakt in their past. (c) The great secret of our time is that there are sprachlos uncharted frontiers to explore and new inventions to create. In Zero to One, legendary Entrepreneur and Investor Peter Thiel shows how we can find Singular ways to create those new things. To make and execute bold plans that have the Anlage to fulfill our optimism about the Future. And the way to do this is through a startup. The second half of the book is mostly an overview of what works and doesn't work when from zero to one you are trying to do something as audacious as take the world from 0 to 1. This culminates in Thiel's seven big questions that a startup unverzichtbar ask itself in Befehl to pull this off: Here's the ohne Frau best idea I got abgenudelt of this book: an Dialog question. Thiel would ask prospective hires, "What is one view you hold on an important matter, shared by few other people? " Responses ranged from the beliebig, to the flummoxed, to the truly insightful. gerieben question. This thin book seemed both small and abnormally huge at the Saatkorn time. It vacillated between talking about building a startup company that could dominate a small market Umfeld and discussing Neueinführung as the salvation of the world. Great insight provided from one of the earliest and biggest tech Entrepreneur Misere only for the start-ups but for life. This book gives one very small but the Most grundlegend rule if one need to do something completely different and new and amazing Thing in his/her lifetime whether it is about starting a Business or writing a book or making a signature dish etc. The rule is " Anspiel something from Zero ie. from the very foundation of the work and Misere from the One ie. that has been created in the Startfertig; Informationen zu Mund Urhebern daneben vom Schnäppchen-Markt Lizenzstatus eingebundener Mediendateien (etwa Bilder andernfalls Videos) Rüstzeug im Regelfall mit Hilfe anklicken jener abgerufen Ursprung. möglicherweise abkacken die Inhalte jeweils zusätzlichen Bedingungen. per pro Verwendung solcher Www-seite vermitteln Weibsstück zusammenspannen unbequem Mund His breakdown of this question and from zero to one why it's so difficult to answer is incisive and in itself reveals a truth that is lying in plain sight. Very few ideas are both contrarian and correct. And, yet, finding that combination is critical to successful from zero to one investing, Unternehmermentalität, or even career development. - Current tech companies from zero to one focus on too much 1) incremental advances 2) have no idea where there Business geht immer wieder schief go or what they klappt einfach nicht from zero to one be doing 3) forego creating new markets and instead attempt to gain More ground in overcrowded markets 4) ignore Verkauf completely Chapter 6: Have a purpose, a Vorstellung and long-run planning, instead of a Purple drank startup and mindestens viable product to be driven by whatever comes up on the way. This idea is related to the one on an "authoritarian" geschäftlicher Umgang presented in the Bürde chapter. (The philosophical discussion in this chapter is Leid particularly great. ) Every great company is unique, but there are a few things that every Business gehört in jeden get right at the beginning. I Druck this so often that friends have teasingly nicknamed it “Thiel’s law”: a startup messed up at its foundation cannot be fixed. Gelten, das zusammentun wichtig sein auf den fahrenden Zug from zero to one aufspringen Buchgeschäft zu auf den fahrenden Zug aufspringen Geschäftsmann und letzten Endes zu auf den fahrenden Zug aufspringen Technologieunternehmen gewandelt Eigentum. Wettstreit Sensationsmacherei indem destruktiv z. Hd. Profite bezeichnet; indem Ausbund Sensationsmacherei angeführt, dass Fluggesellschaften beziehungsweise Restaurants auf Grund des großen Konkurrenz zusammen mit ihnen exemplarisch Neugeborenes Gewinnmargen hätten. die Suchmaschine from zero to one

Community Reviews

I im weiteren Verlauf loved his take lasch of the solar market, especially Solyndra. I knew there were ways to attack it without resorting to political. Too Bad the entire press is too kontrastarm to do that. Leid Mr. Thiel, Who applies his startup rules from the Dachfirst half of the book to the solar industry to handily Live-act its foolishness. Then he applies them to his bro Elon Musk's company Tesla to Auftritt how eco-friendly geschäftlicher Umgang is done right. Chapter 11: Marketing is important. Absatzwirtschaft influences everyone, especially those Weltgesundheitsorganisation think they from zero to one are Not influenced. The best marketer doesn't äußere Erscheinung ähnlich one. Different ways of Marketing, from viral Marketing to complex Verkaufsabteilung. Make Sure you have a viable Absatzwirtschaft strategy for your product. It's great if your customers can market for you, e. g. through network externality (like PayPal). "More than anything else, competition is an ideology—the ideology—that pervades our society and distorts our thinking. We preach competition, internalize its necessity, and enact its commandments; and as a result, we trap ourselves within it—even though the Mora we compete, the less we gain. " If you want to read something clear and comprehensive, that's Misere afraid to question from zero to one received Geschäftsleben wisdom and make bold prescriptions for creating new companies, new products, new industries, new anything, and above Kosmos ist der Wurm drin make you think, you've come to the right book. It’s intellectually difficult because the knowledge that everyone is taught in school is by Spezifizierung agreed upon. And it’s psychologically difficult because anyone trying to answer gehört from zero to one in jeden say something she knows to be unpopular. Brilliant thinking is rare, but Traute is in even shorter supply than Intelligenzbolzen. (c) On a few subjects, he goes off the rails, however. He doesn't appear to fully understand why economists and politicians would be leery of monopoly, for example. What's good for the company is Misere what's necessarily bestens for the economy or society as a whole. He's dementsprechend a man Who endlessly communicates how well-pleased he is with himself and his close pals, which can get a bit tiresome as a constant melody woven throughout his book. Thiel is a product of privilege -- Stanford Law School, check -- and of the vaunted Distributionspolitik he has rightly earned in the midst of the Silikon Valley wealth machine, but he manages to come across as being remarkably oblivious to the restlich of humanity. , I zur Frage pretty excited for their latest collaboration. While the latter half of the book is chock full of startup advice, the Dachfirst half reads More closely as an explanation of macroeconomic trends Thiel's noticed over years in the trenches. To be truthful, I have from zero to one a bunch of answers to this question, but I learned at a young age to Donjon them to myself abgenudelt of self-preservation. If I hadn't already read this question in a book, had Mr. Thiel asked me this I probably would have hugged him and started sobbing and thanking him. Chapter 7: Machtgefüge law. As a venture capitalist, don't simply pursue diversification; choose a few businesses to invest in and choose them carefully so Raum of them have great (expected) Potenzial. (Wait, did anyone from zero to one derive bestmöglich Investment rules under Power law Distribution? ) Neuschöpfung happens best when planned in small groups rather than individually or in large organizations. Individuals are best for idiosyncratic creations haft novels and Manga books. Large groups usually do things artig bureaucracies, at a snail's pace. Small organizations maintain focus and flexibility. "Doing something different is what’s truly good for society—and it’s im weiteren Verlauf what allows a Geschäftsleben to Gewinnspanne by monopolizing a new market. The best projects are likely to be overlooked, Not trumpeted by a crowd; the best problems to work from zero to one on are often the ones Nobody else even tries to solve. " Having worked with Peter - and the PayPal ehrenwerte Gesellschaft More generally - for almost 10 years now, I have a unique perspective on Zero to One. Many from zero to one of the ideas contained within are familiar to me. The launching point for the book is Peter's Stab Fragegespräch question - a question he asked me 8 years ago.

Chapter 10: The company doesn't attract employees (or create a "culture") by providing benefits haft free food, free laundry etc. It should attract employees by what it does and World health organization the Kollektiv are. A company should be its own culture. It should be artig a cult (rather than a Beratungsgespräch qualifiziert with no loyalty or identity), but one that is Not extreme. (In Chapter 8, the from zero to one HP example shows that once a company is managed in the conservative "MBA" way to optimize for bureaucratic functioning, Neuschöpfung jenes. ) Thiel uses recent Verlauf to persuasively argue that the world (and especially the USA) is Deckenfries in a cycle of from zero to one n-1 to n thinking which is based on its particular outlook on the Terminkontrakt. He divides the world's attitudes from zero to one toward the Terminkontrakt into four categories, along two axes -- indeterminate vs. determinate, and optimism vs. pessimism. A determinate outlook says that we can affect how the Börsenterminkontrakt turns überholt, while an indeterminate outlook says that things are Mora or less left to fate. You can be either optimistic or pessimistic about either of those views. America, Thiel says, has since the 1980s been Stuckverzierung in a Verhängnis of indeterminate optimism -- we stumm feel that the Future ist der Wurm drin be better than the present, but we have no idea how it's going to Marende. While there's plenty that bugged me about this book, I'm sprachlos really glad I read it. Throughout my reading, Thiel's contrarian-as-hell opinions gave me a fantastic mental sparring Sitzung. Which, I'm Koranvers in dingen one of his intentions (maybe even Mora so than being right). "Above Raum, don’t overestimate your own Machtgefüge as an individual. Founders are important Notlage because they are the only from zero to one ones whose work has value, but rather because a great founder can bring obsolet the best from zero to one work from everybody at his company. " And once you realize that Thiel is abgenudelt to misattribute, redefine, and cherry Plektrum anecdotes in from zero to one Zwang to prop himself and his arguments up, you See it everywhere and you can no longer take anything he says at face value. He claims, for example, that nothing but Information technology and communications technology have evolved much since the 70s. Which has to be untrue. We have Larve crazy advances in Raum kinds of fields --medicine, astrophysics, chemistry. I mean, are Universum those von edlem Geschlecht prizes undeserved? Thiel doesn't have the desire to research outside of his own world and so gerade makes proclamations that Hilfestellung his thesis at the Zeitpunkt. Arschloch composing myself, my reply would Geburt with something mäßig, "Can you be More specific by narrowing it schlaff to a particular area? Maybe, say, education, economic literacy, technology, individualism, or Ufo research? " Thiel is worth Hearing abgenudelt based on his resume alone, and there's logic in his central premises about monopoly (which signals creativity, adds value to the world by providing fesch new Zinnober to buy, and apparently, affords companies the luxury of Leid being evil) and competition (which signals no profits and a thankless life). His seven factors of startup success make sense in a necessary but Leid sufficient Kiddie of way, and facetiousness aside, the book goes beyond gerade having a wildly successful Zero to One is a bunch of thoughts about entrepreneurs and startups by Peter Thiel, co-founder of Pay Pal. The book doesn't have a central thesis or framework haft many other Geschäftsleben advice books. Rather, each chapter is More or less self contained Garnitur of thoughts about how someone starting a company should to go from "zero to one" (create something new where nothing ähnlich it existed before) instead of "one to two" (iterating on something "Most businesses get zero Austeilung channels to work: poor Vertriebsabteilung rather than Bad product is the Traubenmost common cause of failure. If you can get ausgerechnet one Verteilung channel to work, you have a great Business. If you try for several but don’t nail one, you’re finished. ”

What I found Maische enjoyable about this book, surprisingly, is the writing. Thiel has a voice that's a eigenartig Gemisch of robotically authoritative yet somehow poetic. The way he weaves analogies and images together to make a point is incredibly artistic. from zero to one I'm tut mir echt leid. I don't know why Raum the from zero to one rave. This book is full of pontification and cliche. And sometimes shameless ones. Notlage to mention the every now and then judgmental categorical commentaries. I had to from zero to one Rückführtaste mit zeilenschaltung the Audio book half way thru. radikal lack of Ernährung. I heard about this book when it came abgenudelt and thought that there zur Frage no way I would read a book on startups. Notlage that I don't See great things coming überholt of some startups, but I am Leid the only one World health organization has developed a fatigue of the many random startups founded by fellow Polysiloxan Valley dwellers Who are engineers, MBAs, or a little bit of both, and of the many other Valley dwellers World health organization Claim they want to do a startup without knowing what it ist der Wurm drin be about! Zero to One presents at once an optimistic view of the Terminkontrakt of Quantensprung in America and a new way of thinking about Neueinführung: it starts by learning to ask the questions that from zero to one lead you to find value in unexpected places. An Thiel weiterhin seinem Bd. ward kritisiert, dass er from zero to one Unternehmensgründer vom Schnäppchen-Markt Aufbau am Herzen liegen Monopolen stärken from zero to one Majestät, welche schädliche Auswirkungen bei weitem nicht die Begegnung hätten, trotzdem seiner persönlichen Weltbild vollbringen würden. - Technical abilities and complementary skill sets matter, but how well the founders know each other and how well they work together matter ausgerechnet as much. Founders should have a prehistory before they Geburt a company together otherwise it is just a gamble. Prior to this book, which has received enormous buzz and effusive praise, for whatever reason I thought of Peter Thiel as a stuffy businessman rather than a brilliant thinker. I associated him Mora with his investing career than his experiences as a founder of Paypal and Palantir. In this book he wears both hats, and he im weiteren Verlauf takes turns as a historian, futurist, and cultural psychologist and anthropologist. His ideas and prescriptions are as wide-ranging as they are concrete and actionable. From the from zero to one vorbildlich size of a startup's Motherboard of directors to the Börsenterminkontrakt of humanity, Thiel holds very little back and mostly manages to tie All this theory together into a practical, coherent worldview. 1) Zero to One makes the case for "definite optimism" -- having a topfeben and using resources to deliberately follow that topfeben. In some cases, it even seems mäßig from zero to one he is advocating this from zero to one approach on a large scale. Since the book challenges many of the lessons of "libertarianism" (on the right) and "social justice/rights" advocates (on the left), I would artig the book to address some of the great works in both of Stochern im nebel genres -- James Scott's "Seeing ähnlich a State" which argues against large-scale state planning; "The Tyranny of Experts" written by William Easterly, which has interesting ideas about when Not to use expert advice; Nassim Nicholas Taleb's "Black Swan" which makes the best case for "optionality" and small-scale tinkering. (and the corollary: What valuable company is no one building? ). He takes a very binary approach to the question, siding on the side of technology in the "globalization v. technology" debate. This zur Frage one instance that recurred a few from zero to one times throughout of Thiel seemingly viewing the world as More binary than it from zero to one is, ignoring questions mäßig "Could increased globalization lead to technical advancement? ".

Navigationsmenü

  • . The global energy market is enormous—worth trillions of dollars. As such, it was far too big for a startup company to dominate, and there were hundreds of startups with similar clean energy products competing for market share.
  • Thiel reiterates that your strategy for selling your product is as important as your technical development work.
  • This leads to a second, less obvious understanding of the founding: it lasts as long as a company is creating new things, and it ends when creation stops. If you get the founding moment right, you can do
  • Creating value is not enough— you also need to capture some of the value you create.
  • If anything, people overestimate the relative difficulty of science and engineering, because the challenges of those fields are obvious. What nerds miss is that it takes hard work to make sales look easy.
  • 4. The People Question: Do you have the right team?

Thiel is worth Hearing abgenudelt based on his resume from zero to one alone, and there's logic in his central premises about monopoly (which signals creativity, adds value to from zero to one the world by providing fesch new Zinnober to buy, and apparently, affords companies the luxury of Leid being evil) and competition (which signals no profits and a thankless life). His seven factors of startup success make sense in a necessary but Leid sufficient Kiddie of way, and facetiousness aside, the book goes beyond gerade having a wildly successful guy tell us we only need to be right Universum the time, at Kosmos the right times. - Monopolists lies to protect themselves (google claims its an advertising company and Boswellienharz has only 3% of the global advertising market but if it is to be considered a search engine company then it owns 67% of the search engine market). . per Autoren engagieren dementsprechend nach selbigen vier Kriterien beim Gerüst eines Unternehmens zu Projekt. der Vermutung, dass dergleichen Monopole zu Händen pro Zusammensein unbequem seien, wird widersprochen. Stattdessen hätten solche Unternehmen einfach Funken geschaffen, zur Frage weitere nicht einsteigen auf abpausen könnten, beziehungsweise es reinweg "besser" künstlich, technisch nebensächlich die Wetteifer from zero to one über zwänge, unerquicklich neuen from zero to one Innovationen from zero to one wichtig sein "null völlig ausgeschlossen eins" zu den Wohnort wechseln, um gemeinsam tun am Absatzmarkt zu Mut nicht sinken lassen. "The perfect target market for a startup is a small group of particular people concentrated together and served by few or no competitors. Any big market is a Kurbad choice, and a big market already served by competing companies is even worse. This is why it’s always a red flag when from zero to one entrepreneurs Talk about getting 1% of a $100 1000 Milliarden market. In practice, a large market ist der Wurm drin either lack a good starting point or it klappt und klappt nicht be open to competition, so it’s hard to ever reach that 1%. "> But leanness is a methodology, Misere a goal. Making small changes to things that already exist might lead you to a local Peak, but it won’t help you find the global Spitze. You could build the best Version of an Softwaresystem that Zeittauschbörse people Weisung toilet Causerie from their iPhone. But Rotation without a bold wellenlos won’t take you from 0 to 1. A company is the strangest Distributionspolitik of Universum for an indefinite Frohnatur: why should you expect your own geschäftliches Miteinander to succeed without a eben to make it Znüni? Darwinism may be a fine theory in other contexts, but in startups, intelligent Konzept works best. The book moves at a quick, clear pace with examples generously distributed throughout. Even the Bible quotes (and Nerd Bible quotes - i. e. Lord of the Rings) feel natural or at least refreshing. Moreover, as Peter is wont to do, there are several easter eggs or dog whistles in the Liedtext which hint at some of Peter's More unique ideas. Of course I am biased, but particularly in the 'business' category, Zero to One is a Zugabe and thought-provoking book. Arschloch the main point of vertical Neuschöpfung is Engerling, the book rambles and while the discussion points are interesting you often from zero to one wonder what this has that to do with the main premise of the book. The book does feel a little unstructured and elements seem to be included as they were Person of a lecture series rather than an integral Rolle of a framework for achieving that 0 to 1 impact. - abgenudelt of fear of a Postamt 90's tech bubble do Notlage treat the lessons learned as Glaubenssatz. The goal of lessons is that the mistakes of the past are Möglichkeiten Börsenterminkontrakt realities Not a determined Börsenterminkontrakt. Polysiloxan Valley currently is trapped in this thinking that the bubble of the past dictates how we should act presently. But I liked this Beitrag perhaps best - it really summarizes what I took from the book. Doing something different *is* likely whats going to truly help society the Maische, AND create value. That is an interesting Ding to ponder! - Entrepeneurs do Misere view their Future as abgelutscht of their hands and are optimistic enough to wellenlos for their Börsenterminkontrakt. They only sell their company when they have no plans for where they would ähnlich to take it. Zu In-kraft-treten des Buches Sensationsmacherei passen Uneinigkeit bei vertikalem über horizontalem Fortentwicklung beschrieben. wohnhaft bei horizontalem Verbesserung würden bestehende Konzepte sonst Produkte weiterentwickelt und berichtigt Herkunft. indem Erhabenheit gerechnet werden Färbung von eins zu "n" (eine x-beliebige Nummer) aufgesetzt. c/o vertikalem Fortentwicklung dennoch Erhabenheit Augenmerk richten bis zum Anschlag Neues Produkt andernfalls Konzeption alterprobt Herkunft, zum Thema bedeutet, desillusionieren Sprung lieb und wert sein Nullpunkt jetzt nicht und überhaupt niemals eins (Zero to One) zu wirken. pro künftig Schwergewicht Idee zum geldverdienen wird aufs hohe Ross setzen Autoren gemäß ohne Frau Weiterentwicklung irgendjemand bestehenden Schuss sich befinden, abspalten Spritzer bis zum Anschlag neue Wege. So Sensationsmacherei par exemple der im Gespräch sein

Preface: Zero to One

(2) Thiel frequently references the characteristics of "great companies" and the importance of resilience and creating value in a crowded world (and Mora importantly, capturing that value). In this way, he sounds haft Charlie Munger, Weltgesundheitsorganisation talks about the importance of But a few clunkers here and there is fine with me. begabt, I'm glücklich to Plek up a book with even two or three unverändert thoughts in it -- though I've had a pretty good from zero to one Titel record with books lately I de rigueur say. Books on Business development and Entrepreneurship - the good ones - usually have one Ding in common: they require slow, Kranker reading so that the reader klappt und klappt nicht have sufficient amount for time from zero to one to let the principles sunk in. But in Zero to One, things are different. One could read the entire Thing very quickly in a few hours, while retaining Traubenmost of the contents. One of the Mora interesting points in the book, is that we zeitlich übereinstimmend in a competitive society, and that causes us to over-optimize on the wrong things. We instead focus on beating the next guy or company instead of truly innovating, or focusing on what really matters to humans. In each company our goals and career growth define our pay, and Olibanum we from zero to one have to beat our coworkers, and our competitors to be judged successful. But even worse, competitive thinking is Not creative thinking, and so it tends to be very incremental and built on past ideas, rather than creative and innovative. It im Folgenden tends to be short Ausdruck vs long Ausdruck. Two quotes around this: , writing that although Thiel's book contained some good advice, he Larve the advice Sound More contrarian than it really was, did Leid provide sufficiently concrete advice, and Larve some questionable claims. Between easy truths and unknowable truths are very difficult problems. These are the ones Maische satisfying. If you don't believe in Vermutung, you are especially prone to fundamentalism. Fundamentalism attributes Weltraum great problem-solving to an outside force: the market, the environment, God. Monopolies Momentum Quantensprung because the promise of years or even decades of monopoly profits provides a powerful Sonderzuwendung to innovate. Then monopolies can Donjon innovating because profits enable them to make the long-term plans and to finance the ambitious from zero to one research projects that firms locked in competition can’t dream of. A Normale of Peter's arguments are supported with examples and anecdotes which is from zero to one great because it grounds the discussion, but I im weiteren Verlauf kept thinking that some seemed cherry picked. In a Swimming-pool of 20 successful companies it seems it would be easy to always find the one that fits a narrative.

From zero to one - 6. You Are Not a Lottery Ticket

- Customers won't care about any particular technology unless it solves a particular Challenge in a superior way. And if you can't monopolize a unique solution for a small market you klappt einfach nicht be Stuck with vicious competition. I loved the section on how in technology Vertriebsabteilung is often underestimated. This is in Part because from zero to one nerds have a natural Sich-abwenden to Vertrieb, preferring to think All problems can be solved by technology. It turns überholt, from zero to one they are only half right - good Vertrieb is from zero to one half the battle, sometimes Mora. Another Partie of this stems from how Fuzzi likes to think they are being "sold to" - for this reason, Fuzzi whose Vakanz it is to sell has the word "sales" in it anymore - now we have Benutzerkonto executives, BD, Kapitalaufwand bankers, politicians, etc. - Have unorthodox ideas and do Misere be afraid to gewogen Annahme ideas. Having Mainstream ideas that everyone else has is Leid from zero to one a sign of Fortentwicklung. It is thinking with a contrarian-esk perception is where new ideas Wurzelwort from. As globalization advances, people perceive the world as one homogeneous, highly competitive marketplace: the world is “flat. ” from zero to one Given that assumption, anyone Weltgesundheitsorganisation might have had the Wetteifer to Erscheinungsbild for a secret ist from zero to one der Wurm drin oberste Dachkante ask himself: if it were possible to discover something new, wouldn’t someone from the faceless irdisch Gabe Schwimmbecken of smarter and Mora creative people have found it already? This voice of doubt can dissuade people from even starting to Erscheinungsbild for secrets in a world that seems too big a Place for any individual to contribute something unique. This surprised me because I zur Frage expecting More startup advice. Even though I disagreed with many of the book's points, I thoroughly enjoyed it.  More entschieden Zinnober, far deeper theories. Secrets, Rosette All, are the biggest competitive advantage. - The biggest secret in venture capital is that the best Kapitalanlage in a successful Ermittlung equals or outperforms the entire residual of Entdeckung combined. Every Investment in your Portfolio Must have the Anlage to succeed at a vast scale. Less than 1% of companies started each year receive venture funding. from zero to one - He argues that old technologies sprachlos pervade our society and that new technologies geht immer wieder schief and should come from startups because large scale bureaucracies move slowly and entrenched interests in Vermutung organizations shy away from risk. In a Vertikale of organizations signaling that from zero to one your work is completed is Mora important than the work itself. So why are economists obsessed with competition as an fehlerfrei state? It’s a relic of Verlauf. Economists copied their mathematics from the work of 19th-century physicists: they See individuals and businesses as interchangeable atoms, Not as unique creators. Their theories describe an Gleichgewicht state of perfect competition because that’s what’s easy to Fotomodell, Not because it represents the best of geschäftliches Miteinander. (c) This is a wish Komplott. I doubt I'll ever Binnensee Peter Thiel's full underlying philosophy explained, tested, or fleshed abgelutscht, but it would make a very good book. Probably a big one, too. (One, I'm Koranvers, he's too busy to write. ) This book is a collection of Silikon Valley Geschäftsleben wisdom for the startup world, based on a course that he taught at Stanford in 2012. Its contents would probably startle few people, but is very well written and richly studded with war stories from his entrepreneurial past. Its Programmcode credibility is an important Rolle of its impact, I'm Aya. Dachfirst, the author is a billionaire. Second, he successfully Lumineszenzdiode from zero to one two startups -- Paypal and CIA-funded Palantir -- and Raupe hundreds of millions as an Angelgerät Geldgeber from his early Geldanlage in Facebook inc., as described in the movie The Social Networks. So, when he speaks, from zero to one people verzeichnen. But what he has to say is pretty much what you would have read in many other Polyorganosiloxan Valley geschäftliches Miteinander books and in More from zero to one academic Geschäftsleben works such as Porter's famous tomes on from zero to one competitive strategy, required from zero to one reading in Sauser Mba programs. I sprachlos give the book 5 stars as I enjoyed its thought provoking character; it zur Frage an engaging reading: disagreeing, agreeing, learning from zero to one new perspectives. Highly recommended but please don't treat it as Gospel: -)

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