Competition is for Losers with Peter Thiel (How to Start a Startup 2014: 5)
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 Published On Mar 22, 2017

Lecture Transcript: http://www.tech.genius.com/Peter-thie...

Peter Thiel, founder of Paypal and Palantir, discusses business strategy and monopoly theory in "Competition is For Losers".

See the slides and readings at http://www.startupclass.samaltman.com...

Discuss this lecture: http://www.startupclass.co/courses/ho...

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

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