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Are you creating a breakthrough technology instead of incremental improvements? Are you starting with a big share of a small market? Will your market position
by tapatio 12y ago
Are you creating a breakthrough technology instead of incremental improvements?
Are you starting with a big share of a small market?
Will your market position be defensible 10 and 20 years into the future?
Have you identified a unique opportunity that others don't see?
I'm guess you've answered no to several of the questions above. That's why they didn't pick you.
- coralreef 12y agoI like Thiel's book and ideas as much as the next person, but it disturbs me to see them parroted, because some of these questions aren't even good. Especially these two: Are you creating a breakthrough technology instead of incremental improvements? Will your market position be defensible 10 and 20 years into the future? Did any of Uber, Facebook, Twitter, AirBNB, Dropbox, etc. have breakthrough technology? Meaning something no one else could copy? No, the first iterations of those products could have been built by nearly anyone, but wasn't. Technology is clearly not an important reason why they succeeded.
- tapatio 12y agoHe states in his book that one's company does not have to exhibit all of the characteristics he mentions. I think Uber, FB, Twitter, AirBnB, and Dropbox do have a majority of them though. I think there are much better problems to solve in spaces other than email.