Lecture 5 - Competition is for Losers (Peter Thiel)

ℹ️ EPISODE INFO

Released

October 7, 2014

Duration

50m

Channel

YC Root Access

Watch on YouTube

▶ Open ↗

📝 EPISODE DESCRIPTION

Lecture Transcript: http://tech.genius.com/Peter-thiel-lecture-5-business-strategy-and-monopoly-theory-annotated Peter Thiel, founder of Paypal and Palantir, discusses business strategy and monopoly theory in "Competition is For Losers". See the slides and readings at startupclass.samaltman.com/courses/lec05/ Discuss this lecture: https://startupclass.co/courses/how-to-start-a-startup/lectures/64034 This video is under Creative Commons license: http://creativecommons.org/licenses/by-nc-nd/2.5/

🎤 SPEAKERS

• Peter Thiel

  guest

  Entrepreneur and investor; co-founder of PayPal and Palantir, and co-founder of Founders Fund.

🧾 EPISODE SUMMARY

In this episode of YC Root Access, featuring Peter Thiel, Lecture 5 - Competition is for Losers (Peter Thiel) explores Peter Thiel’s strategy: build monopolies by escaping competition traps. A business’s value depends on creating value (X) and capturing a share of it (Y), and these variables are largely independent.

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