Competition is for Losers with Peter Thiel (How to Start a Startup 2014: 5)

Mind boggling how open creepy this guy is.
Literal vampire.

The awkward / cute gay club.

This is basically blue ocean strategy

Ha 😂 Cowards 😅

Old but Gold

Meinte ich ernst. Haste dich eigentlich nie gefragt warum ich dir auf deine Email von 2013 nie geantwortet habe?

Boring businesses are paying bills. They may not be attractive to people like Thiel but they are hugely beneficial to those who run them. Competition is good because it means there is a valid market and you can get a share by simply differentiating. Thiel wants you to be a bet in a VCs pipedream of creating a unicorn. Don't.

Also startup advisors: if you have no competition you don't have market fit. So

Lol see Sam Altman

"Big piece of a small pie" is such a great concept to begin with. Amazing

This video is excellent!

we already would not be cheated by this kind of video, the people who sent email to me is peter, but not Mr. Thiel, but that is another guy who is doing fraud, also named Mr. Peter. I got cheated for at least two times.

Sitting alone in a room .. Couldn't help but clap

Watching this from North Dakota after attending ndsu and getting boom roasted.

He has explained everything written in zero to one

I have a question: Do you think starting in a big market and slowly, trying to increase the value so the customers come to you is possible, or is it better to risk it all on small markets, which have the possibility of not scaling up because at the time there would be no big need of them? I know I am 6 years late for this question.

Hi

Peter Thiel is a gay version of Montgomery Burns with a murderous streak.

Peter thiel is a legend he should be the head of the whole business economics department at Stanford. If proffessors who teached at universities for over 30 years have a mindset like him they all be rich but no proffesors tend to have narrow minded view of the world because they all streotype that monopolies are all bad and perfect conpetition is good. Does not work that way in the real world business is cut throat in reality the strongest firms with the biggest market share and margins survive just like darwin theory of evolution

Competition includes greed!

I don’t really have energy to compete! It’s like competing with life and death

If you cannot compete rest! Don’t compete like who want to die first! As Filipina, I don’t want to compete with Americans. Don’t sacrifice good life over speed…😂😂😂

Steve Jobs died and left behind his company! I don’t know who were the successors though!

introduced by sam altman..

The inclusion of Amazon in the set of examples is ridiculous. Amazon’s e-commerce business operated at a loss even as it grew into the concentric circles beyond books (other markets) but they were able to stay afloat because of other Amazon products like AWS.

huh uh um uh uhh um huh um hum uh

More excited seeing Sam here! Haha! Times!

very good but so much euhhhh

The fact that sam altman was hosting this , shows how much your surrounding shapes you.

Insightful session.

Lovely. It's always a breath of fresh air to hear someone who can see past the fog and hear past the noise.

Is that Sam Altman?

Is that sam Altman Chat Gpt founders?

I want to work for my corporate Masters

When I read the comments, it concerns me a bit how generically they refer to whatever marginal knowledge they already possessed. He said two things of significance and those were: X (the net gain you get personally) is independent to Y (the gain made from an innovation).
And corporations are either in positions of monopolies or in a field of fierce competition with nothing in between.
The lecture was not about having the courage to do your own thing. Or how you should pick a different door than everyone else. That whole thing was about monopolization vs competition and how to monetize your product. And his answer was: avoid competing, take the other door. Nest in whatever nieche you can find and build your own monopoly.

Don't forget that he's still a horrible human being.

Was he just casually introduced by Sam Altman?

Gold

This is a fresh look at it. Takes courage and persistence to wander out into the wilderness and build a new civilization but that is the summary of innovation. Opportunity meets preparation. In addition, this goes to show how it is prominent to seek the help of an expert. Going into a field with little or no basic knowledge could be risky.

Peter thiel is a shame of a human being. He’s gay himself but he supports politicians that run on an anti-LGBT, racist platform.

I want to like this guy because his fellowship gave birth to a lot of amazing companies, but he's just like any other VC /investor egos exploited so so many communities and people for money. Especially all his involvement with Palantir

he doesnt understand branding??????????????

2020 i watched this from Afghanistan. 2021 I was in Iran watching this, This year I am watching this from Germany. In 5 Years I am going to watch this from San Fransico :). I am going to open up my own firm soon.

A dull and boring speaker promoting monopoly capitalism. The introduction is very misleading, he didn’t create the companies mentioned, he was an investor only. BTW, his investment in a political campaign in Arizona last year proved his deep ignorance in electoral politics.

Sam Altman is introducing peter theil
What a sight

its for losers because he believes competition should exist and their should be a huge centralize monopoly.

That is why it is promoted as the manly thing. And the major criminals cooperate

Stay on this thought process; Understand Silicon Valley IS a monopoly. They created a culture within this region of agreeing to allow certain companies to not face competition in certain sectors of technology. Google has their space, Apple has their space, Oracle, Intel, etc... They agree to not step on each other's space. In fact Microsoft helped Apple in the 90's because it was more beneficial to have them exist than it was to take them down and attempt to take over their space. It's also a business of relationships. If you come up with a competitive product outside of Silicon Valley you will be exterminated. They know how to destroy anyone who attempts to step into their specific arenas and Steve Jobs has been documented, for example, of doing this very thing. It's a strategic code within this culture to maintain their monopolies. They believe that fair play is cheating, because cheating is the only way to win and win via a monopoly. That's the bottom line issue.

What a douche.