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Bear in mind that his perspective is as an investor. He doesn't want to invest in something that will make the founder rich and happy. He wants to invest in som
by marcus_holmes 5y ago
Bear in mind that his perspective is as an investor. He doesn't want to invest in something that will make the founder rich and happy. He wants to invest in something that will make him rich and happy. There's a huge difference.
He's negative about copycat startups because they rarely make enough money to make their investors happy. He likes monopolies with product:market fit because they generally make investors happy.
However, as a founder, what he likes should be waaaay down our list of priorities. Our happiness and definition of success may not match his. In fact it almost certainly won't. Follow our own dreams, not Peter Thiel's.
I like the author's take on his new thing: don't sell the vision and get investment. Instead, just execute and see where that goes. I look forward to seeing where that goes :)