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I think an implicit point that Thiel is trying to make is that there are enough untapped opportunities out there that there is no point to compete. The startup
by thrush 12y ago
I think an implicit point that Thiel is trying to make is that there are enough untapped opportunities out there that there is no point to compete. The startup world is not a zero-sum game. We can all win.
- analog31 12y agoTrue, but competing could be a successful short term strategy, if you can identify a target who are burdened with excessive costs for some reason, or can think of a cheaper way to make something.
- thrush 12y agoI see what you mean, and this would probably be good for society (you are supposedly replacing something with a better version). Granted if you could identify a different undeveloped business, you may have more to gain individually. Imagine there is company A pursuing market A', if company B decides to pursue A', then A and B have to split the value of A'. Rather, B can pursue B', and if |A'| ~ |B'|, then there could be more to gain by not being competitive. If B(A') < |B'| then this still holds true (where B of A' is a function of how much value of A' that B can realize). In the finite world that we live in, there can only be so many A', B' or X', so this strategy may eventually much more in favor of competition. What I believe Thiel has identified is that we haven't reached that stage yet, or even that it's improbable that we will ever reach that stage.