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Introduction

0:00

Outline

0:50

Capturing value

0:57

Big piece of a small pie

1:57

Perfect competition

3:37

Monopoly

4:31

Lies people tell

5:33

Differences underestimated

5:36

Narratives

6:59

British food in Palo Alto

7:54

Do the intersections make money?

8:40

Blockbuster movie

8:45

Is the intersection valuable?

9:29

Startup version

9:35

The search market

10:11

The advertising market

11:00

The technology market

11:29

Evidence of narrow markets

12:36

How to build a monopoly

13:28

The right size

13:39

Start small and expand

14:36

Start big and shrink

17:05

Last mover advantage

18:40

Characteristics of monopoly

18:45

Value of the future

27:10

History of innovation

27:55

Technological innovation

28:28

Capturing value

30:16

Success cases

31:59

Psychology of competition

37:03

Mimetic preferences

38:14

Competition as validation

38:33

Q&A

42:22

Q1

42:26

Q2

43:01

Q3

43:38

Q4

44:34

Q5

46:40

Q6

47:55
Competition is for Losers with Peter Thiel (How to Start a Startup 2014: 5)
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2,117,346Views
2017Mar 22
Lecture Transcript: http://www.tech.genius.com/Peter-thie... 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... Discuss this lecture: http://www.startupclass.co/courses/ho... 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 - Perfect competition 00:04:31 - Monopoly 00:05:33 - Lies people tell 00:05:36 - Differences underestimated 00:06:59 - Narratives 00:07:54 - British food in Palo Alto 00:08:40 - Do the intersections make money? 00:08:45 - Blockbuster movie 00:09:29 - Is the intersection valuable? 00:09:35 - Startup version 00:10:11 - The search market 00:11:00 - The advertising market 00:11:29 - The technology market 00:12:36 - Evidence of narrow markets 00:13:28 - How to build a monopoly 00:13:39 - The right size 00:14:36 - Start small and expand 00:17:05 - Start big and shrink ...more
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