“Customers won’t care about any particular technology unless it solves a particular problem in a superior way. And if you can’t monopolize a unique solution for a small market, you’ll be stuck with vicious competition.”
About the Author:
Peter Andreas Thiel born October 11, 1967 is an American entrepreneur, venture capitalist, hedge fund manager, and social critic. Thiel co-founded PayPal with Max Levchin and Elon Musk (see PayPal Mafia) and served as its CEO. He also co-founded Palantir, of which he is chairman. He was the first outside investor in Facebook, the popular social-networking site, with a 10.2% stake acquired in 2004 for $500,000, and sits on the company’s board of directors.
This book’s full title is “Zero To One : Notes On Startups Or How To Build The Future”. This book is essentially a collection of lectures delivered by Peter Thiel during his teaching years at Stanford. Along with co-author (and former student) Blake Masters — Thiel has put together a hard-hitting set of standards for entrepreneurs, startups, and thought-leaders to carefully consider when building the “next big thing” of the future. Reading Zero To One is sort of like taking a peek into the mind of one of the most successful multi-billionaire investors alive today.
Being an Economics Major I really appreciate Thiel’s viewpoint on every aspect of business formation. His every chapter compels me to read more and start thinking about the market in a way that I have never seen before. Some pages can sound ridiculously absurd in writing, but when Peter supports this claim through examples which have been in public domain but have remain unseen, the reader understands the depth of Peter’s knowledge about the industry. A multi-faceted man himself, Peter has written from the viewpoint of both the investors and the startup workers. This conjoins together in perfect symphony and delivers one of the best books by Peter. A must have for budding entrepreneurs and investors.
Rating : 4/5
Other Books by Him : The Diversity Myth