4 ms·
You're being downvoted but you're right. I won't defend Thiel in general but that particular point is a bit taken out of context. There's a talk somewhere ont
by mfcl 5mo ago
You're being downvoted but you're right. I won't defend Thiel in general but that particular point is a bit taken out of context.
There's a talk somewhere ont the internet where he explains that you don't want to build a do-it-all product, at least not right away. Don't compete with everyone for everything. Find a more niche market where you can have a monopoly, get comfortable, then you branch out, diversity, and tackle broader markets.
- jackmott42 5mo ago[flagged]
- manoDev 5mo agoMany small companies focusing on their niches is the entire reason VC works — risk spread across the portfolio. It’s pretty obvious. The book indoctrinates founders to act aligned with VCs best interests, not necessarily the company/employees/customers ones.
- hackyhacky 5mo ago> Find a more niche market where you can have a monopoly, get comfortable, then you branch out That's certainly a reasonable business strategy. But what is good for a business is not necessarily good for the country, which is exactly why anti-monopoly laws exist.
- ExoticPearTree 5mo agoAs one politician once said "The interests of the state are not always the interests of the citizens". And to your point: we have banana republics for a reason.