Entrepreneurs are always biased to understate the scale of competition, but that is the biggest mistake a startup can make. The fatal temptation is t… - Peter Thiel

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Entrepreneurs are always biased to understate the scale of competition, but that is the biggest mistake a startup can make. The fatal temptation is to describe your market extremely narrowly so that you dominate it by definition.

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About Peter Thiel

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.

Biography information from Wikiquote

Also Known As

Alternative Names: Peter Andreas Thiel • Peter A. Thiel
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Originators like Peter Thiel:
Paul Graham Reid Hoffman Steve Blank Jay Samit Josh Kaufman

Additional quotes by Peter Thiel

las doce compañías tecnológicas más grandes de la actualidad estuvieron en su momento generosamente respaldadas por fondos de capital riesgo. Juntas, esas doce compañías valen más de 2 billones de dólares, más que todo el resto de las compañías tecnológicas juntas.
De cero a uno: Cómo inventar el futuro Verified in 1 source Sign up to see the complete provenance
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If your product requires advertising or salespeople to sell it, it’s not good enough: technology is primarily about product development, not distribution. Bubble-era advertising was obviously wasteful, so the only sustainable growth is viral growth.
Zero to One: Notes on Startups, or How to Build the Future Verified in 1 source Sign up to see the complete provenance
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