Competition is for Losers with Peter Thiel (How to Start a Startup 2014: 5)
Lecture Transcript: http://www.tech.genius.com/Peter-thiel-lecture-5-business-strategy-and-monopoly-theory-annotated
Peter Thiel, founder of Paypal and Palantir, discusses business strategy and monopoly theory in "Competition is For Losers".
See the slides and readings at http://www.startupclass.samaltman.com/courses/lec05
Discuss this lecture: http://www.startupclass.co/courses/how-to-start-a-startup/lectures/64034
Chapters (Powered by https://bit.ly/chapterme-yc) -
00:00:00 - Introduction
00:00:50 - Outline
00:00:57 - Capturing value
00:01:57 - Big piece of a small pie
00:03:37 - Perfe…
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Chapters (39)
Introduction
0:50
Outline
0:57
Capturing value
1:57
Big piece of a small pie
3:37
Perfect competition
4:31
Monopoly
5:33
Lies people tell
5:36
Differences underestimated
6:59
Narratives
7:54
British food in Palo Alto
8:40
Do the intersections make money?
8:45
Blockbuster movie
9:29
Is the intersection valuable?
9:35
Startup version
10:11
The search market
11:00
The advertising market
11:29
The technology market
12:36
Evidence of narrow markets
13:28
How to build a monopoly
13:39
The right size
14:36
Start small and expand
17:05
Start big and shrink
18:40
Last mover advantage
18:45
Characteristics of monopoly
27:10
Value of the future
27:55
History of innovation
28:28
Technological innovation
30:16
Capturing value
31:59
Success cases
37:03
Psychology of competition
38:14
Mimetic preferences
38:33
Competition as validation
42:22
Q&A
42:26
Q1
43:01
Q2
43:38
Q3
44:34
Q4
46:40
Q5
47:55
Q6
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