• Technology is the bedrock of a successful startup.
• Successful startups create a monopoly by solving a unique problem.
• Most companies fail because they couldn’t create a meaningful differentiation in the market and struggled for survival.
• All technology companies have an ability to generate cash flows in future.
• A successful startup has the following characteristics – Proprietary Technology which is 10 times better, large networks, economies of scale and a strong brand.
• Successful startups are founded by distinctive individuals who stand above the crowd.
|No of pages||210|
|Book Publisher||Random House|
|Published Date||18 Sep 2014|
Author : Peter Thiel2 Books
Peter Thiel is an entrepreneur and investor. He started PayPal in 1998, led it as CEO, and took it public in 2002, defining a new era of fast and secure online commerce. In 2004 he made the first outside investment in Facebook, where he serves as a director. The same year he launched Palantir Technologies, a software company that harnesses computers to empower human analysts in fields like national security and global finance.
He has provided early funding for LinkedIn, Yelp, and dozens of successful technology startups, many run by former colleagues who have been dubbed the "PayPal Mafia." He is a partner at Founders Fund, a Silicon Valley venture capital firm that has funded companies like SpaceX and Airbnb.
He started the Thiel Fellowship, which ignited a national debate by encouraging young people to put learning before schooling, and he leads the Thiel Foundation, which works to advance technological progress and long-term thinking about the future.
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