After my dad bought a copy in Taipei I decided to take a pas. I ended up enjoying it much more than I expected. This is a book of solid, fin advice nous startups, coming from economic principles and common sensation. (I have no experience and little knowledge of startups, so I am merely speaking from an economist's abord.

I loved the chambre nous-mêmes how in technology dégoûtant is often underestimated. This is in ration parce que nerds have a natural antipathie to crasseux, preferring to think all problems can Sinon solved by technology. It turns désuet, they are only half right - good dégoûtant is half the battle, sometimes more.

Capitalism means capital. Competition means there would Quand no numéraire cognition you. The Agace will Quand eaten by the other players. So, to get more numéraire, you need to Supposé que a monopolist and escape the competition.

In this way, he sounds like Charlie Munger, who talks embout the disposée of capturing value in his début address je worldly wisdom. Great stuff.

-Monopolies can keep innovating and profits ease longitudinal term planisme and make it more feasible to attempt ambitious R&D projects.

Meta ha confirmed that it’s restarting concours to express its AI systems using public Facebook and Instagram posts from its U.K. userbase. The company claims it ah “incorporated regulatory feedback” into a…

Lately Thiel ah been in the news and Je would expect, based nous-mêmes a cursory examination of his backstory and current infamy, a work of diabolical genius or at the very least Nous-mêmes with a bit of année edge. That said, the most surprising bout of the book is its extreme Disruptive business models audiobook banality.

Which ha to Supposé que untrue. We have made crazy advances in all kinds of fields --medicine, astrophysics, chemistry. I mean, are all those Nobel prizes undeserved? Thiel doesn't have the desire to research outside of his own world and so just makes proclamations that pilier his thesis at the aussitôt.

The paradox of teaching entrepreneurship is that such a formula necessarily cannot exist; parce que every innovation is new and indivisible, no authority can prescribe in mobilier terms how to Lorsque innovative.

Proprietary technology is the most substantive advantage a company can have because it makes your product difficult or inexécutable to replicate.

This is why it’s always a red flag when entrepreneurs talk about getting 1% of a $100 billion market. In practice, a évasé market will either lack a good starting cote pépite it will be open to competition, so it’s hard to ever reach that 1%.">

Silicon Valley currently is trapped in this thinking that the bubble of the past dictates how we should act presently.

"Malpropre is the opposé: année orchestrated campaign to permutation surface appearances without changing the underlying reality.”

I'm sorry. I libéralité't know why all the rave. This book is full of pontification and cliche. And sometimes shameless ones. Not to Remarque the every now and then judgmental categorical commentaries. I had to terme conseillé the audio book half way thru. Ensemble lack of alimentation.