The perfect target market for a startup is a small group of particular people concentrated together and served by few or no competitors. - Peter Thiel

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The perfect target market for a startup is a small group of particular people concentrated together and served by few or no competitors.

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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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Alternative Names: Peter Andreas Thiel Peter A. Thiel
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Additional quotes by Peter Thiel

If you do start your own company, you must remember the power law to operate it well. The most important things are singular: One market will probably be better than all others, as we discussed in Chapter 5. One distribution strategy usually dominates all others, too — for that see Chapter 11. Time and decision-making themselves follow a power law, and some moments matter far more than others — see Chapter 9. However, you can’t trust a world that denies the power law to accurately frame your decisions for you, so what’s most important is rarely obvious. It might even be secret. But in a power law world, you can’t afford not to think hard about where your actions will fall on the curve.

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