Lecture 5 - How to Start a Startup

This text is annotated! Click on the highlights to read what others are saying. If you'd like to add your own insights, comments, or questions to specific parts of the lecture, visit the lecture page on Genius, highlight the relevant text, and click the button that pops up. Your annotation will appear both here and on Genius. Sam: Alright, good afternoon, today’s speaker is Peter Thiel, Peter was the founder of PayPal, Palantir, and Founders Fund and has invested in most of the tech companies in Silicon Valley. He's going to talk about strategy and competition. Thank you for coming, Peter. Peter: Awesome, thanks Sam for inviting me, thanks for having me. I sort of have a single idée fixe that I'm completely obsessed with on the business side which is that if you're starting a company, if you’re the founder, entrepreneur, starting a company you always want to aim for monopoly and you want to always avoid competition. And so hence competition is for losers, something we’ll be talking a

This text is annotated! Click on the highlights to read what others are saying. If you'd like to add your own insights, comments, or questions to specific parts of the lecture, visit the lecture page on Genius, highlight the relevant text, and click the button that pops up. Your annotation will appear both here and on Genius. Sam: Alright, good afternoon, today’s speaker is Peter Thiel, Peter was the founder of PayPal, Palantir, and Founders Fund and has invested in most of the tech companies in Silicon Valley. He's going to talk about strategy and competition. Thank you for coming, Peter. Pet