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Entrepreneurs are always biased to understate the scale of competition, but that is the biggest mistake a startup can make. - Peter Thiel
" "Entrepreneurs are always biased to understate the scale of competition, but that is the biggest mistake a startup can make.
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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
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Peter Andreas Thiel
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Peter A. Thiel
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Additional quotes by Peter Thiel
But then I noticed a deeper result: defining roles reduced conflict. Most fights inside a company happen when colleagues compete for the same responsibilities. Startups face an especially high risk of this since job roles are fluid at the early stages. Eliminating competition makes it easier for everyone to build the kinds of long-term relationships that transcend mere professionalism.
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