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Peter Thiel: Competition is for losers. “Everybody who is a founder or entrepreneur should aim to build a monopoly.”

105,372 görüntüleme • 4 ay önce •via X (Twitter)

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Peter Thiel gave a 17-minute masterclass on why competition is for losers and how to build a monopoly from scratch: "If you're a founder or entrepreneur, what you want to aim for is monopoly. You want to build a company that is so differentiated from the competition that it's not even competing." Peter continues: "The conventional wisdom is that capitalism and competition are synonyms. I believe they're antonyms. A capitalist is someone who's in the business of accumulating capital. A world of perfect competition is a world where all the profits get competed away. If you want to compete like crazy, you should just open a restaurant in Chicago." He explains why this truth stays hidden: "People who have monopolies don't talk about it, they pretend not to have monopolies. And people who don't have monopolies pretend to have something unique about their business, otherwise nobody would invest. Google will never say, 'We have 66% of the search market.' They'll say, 'We're a technology company,' and suddenly there's competition everywhere. Conversely, if you start a restaurant, you'll tell investors it's the only British-Nepalese fusion cuisine in downtown Chicago." Peter warns about the seduction of competition: "When you compete ferociously, you get better at that which you're competing on. But you will narrow your focus to beating the people around you, and it often comes at a very high price of losing sight of what is more important or more valuable." He concludes: "There's always a tiny door where everyone's trying to rush through. But around the corner, there may be a vast and secret gate that no one's taking. You should always find the secret path and take it."

Jaynit

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