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Competition Is for Losers
Video

Competition Is for Losers



Editorial Rating

9

Qualities

  • Innovative
  • Eye Opening
  • Concrete Examples

Recommendation

Peter Thiel, co-founder of PayPal and Palantir and an early investor in Facebook, offers founders unconventional wisdom in his popular Stanford lecture on competition. Thiel’s hour-long discussion of business strategy and monopoly theory delivers powerful insights and guidance for founding profitable, durable businesses.

Take-Aways

  • Instead of seeking to win through competition, founders of new companies should build monopolies.
  • Business value arises from producing value that benefits society and capturing a portion of that value.
  • All businesses fall into one of two categories: perfect competitors and monopolies.

About the Speaker

Entrepreneur and venture capitalist Peter Thiel co-founded PayPal, Palantir Technologies, and Founders Fund, and was an early investor in Facebook.


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