If you can recognize competition as a destructive force instead of a sign of value, you’re already more sane than most. - Peter Thiel

Their technology probably would have worked at scale, but it could have worked only at scale: it required every computer to join the network at the same time, and that was never going to happen. Paradoxically, then, network effects businesses must start with especially small markets.

Los inversores esperan que Twitter sea capaz de capturar beneficios de monopolio durante la siguiente década, mientras que los días del monopolio de los periódicos han acabado.

The engineer’s grail is a product great enough that “it sells itself.” But anyone who would actually say this about a real product must be lying: either he’s delusional (lying to himself) or he’s selling something (and thereby contradicting himself).