In business, money is either an important thing or it is everything. Monopolists can afford to think about things other than making money; non-monopo… - Peter Thiel
""
In business, money is either an important thing or it is everything. Monopolists can afford to think about things other than making money; non-monopolists can’t.
Peter Andreas Thiel (born 11 October 1967) is a German-American billionaire entrepreneur, hedge fund manager, venture capitalist, philanthropist, political activist, and author. A co-founder of PayPal, Palantir Technologies, and Founders Fund, he was the first outside investor in Facebook.
the single most powerful pattern I have noticed is that successful people find value in unexpected places,
Paradoxically, then, network effects businesses must start with especially small markets. Facebook started with just Harvard students — Mark Zuckerberg’s first product was designed to get all his classmates signed up, not to attract all people of Earth. 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
Go Premium
Support Quotewise while enjoying an ad-free experience and premium features.
