VCs must find the handful of companies that will successfully go from 0 to 1 and then back them with every resource. - Peter Thiel

Monopolies drive progress because the promise of years or even decades of monopoly profits provides a powerful incentive to innovate. Then monopolies can keep innovating because profits enable them to make the long-term plans and to finance the ambitious research projects that firms locked in competition can’t dream of.

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.

If we define the future as a time that looks different from the present, then most people aren’t expecting any future at all.