I just finished Zero To One By Peter Thiel. It was definitely a pretty good book here are some of the highlights:

Competition is for losers

  • entrepreneurs should embrace monopolies
  • anyone trying to start a company should shoot to dominate a small industry and create a “mini-monopoly”

Start-up Anti-Principles

  • Be humble and make incremental advances
  • Stay lean and experiment agnostically
  • Don’t try to create new markets all of a sudden
  • Focus on product, not sales

Start-up True-Principles

  • Start-ups should be bold
  • Have a clear and concise plan
  • Try to build a small monopoly
  • sales matter as much as product.

On Venture Capital

  • The biggest secret in venture capital is that the best investment in a successful fund equals or outperforms the entire rest of the fund combined
  • the power law applies to VC investments

Important Questions …

  • What important truth do very few people agree with you on?