The following is a summary of
Zero to One: Notes on Startups or How to Build the Future. I do not claim to own any of the book's original work, the following is simply a bulleted summarization with a few direct quotes. All copyrights and trademarks belong to their respective owners.
Chapter 2 - Party like it’s 1999:
- Thiel tells the (long) story of the 90’s dot com bubble:
- How Paypal came out of it
- How the bubble popped
- Post-bubble business ideas are still commonplace today (bad):
- Make incremental advances
- Stay lean and flexible
- Improve on the competition
- Focus on product, not sales
- Opposite of these ideas is probably more true (good):
- It’s better to risk boldness than triviality
- A bad plan is better than no plan
- Competitive markets destroy profits
- Sales matters just as much as product
- Ideas opposite of the norm are not automatically true
- Instead ask: how much of what you know about business is shaped by mistaken reactions to past mistakes?
- Most contrarian thinking is to think for yourself
If you've liked this summary, I highly recommend you get the full book here:
Zero to One: Notes on Startups, or How to Build the Future
< Previous Chapter |
Overview |
Next Chapter >
- Alec Kriebel