An interview with Billionaire venture capitalist and author of Zero To One, Peter Thiel. In this interview Peter discusses principles from his book about how to create the next billion dollar startup or unicorn. This includes asking yourself contrarian questions and focusing on areas where no else is looking. Peter also gives stories of his time with Facebook and Mark Zuckerberg.
Billionaire Peter Thiel: How To Build The Next Unicorn
0:37 What’s the one thing you know to be true but people don’t agree?
3:08 Not discouraging small business owners
4:40 How to identify business opportunities
6:12 Problems with ‘the lean startup’
8:27 A nation of optimists
9:22 A bit of everything is the wrong approach
11:11 What is meaningful?
12:20 Did Mark Zuckerberg meet your criteria?
15:16 Picking the right founder
Interview Date: 21st October, 2014
Event: Under 30 Summit
The Academy of Achievement interview supporting document:
Original Image Source:http://bit.ly/PThielPic1
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Zero To One
If you want to build a better future, you must believe in secrets.
The great secret of our time is that there are still uncharted frontiers to explore and new inventions to create. In Zero to One, legendary entrepreneur and investor Peter Thiel shows how we can find singular ways to create those new things.
Thiel begins with the contrarian premise that we live in an age of technological stagnation, even if we’re too distracted by shiny mobile devices to notice. Information technology has improved rapidly, but there is no reason why progress should be limited to computers or Silicon Valley. Progress can be achieved in any industry or area of business. It comes from the most important skill that every leader must master: learning to think for yourself.
Doing what someone else already knows how to do takes the world from 1 to n, adding more of something familiar. But when you do something new, you go from 0 to 1. The next Bill Gates will not build an operating system. The next Larry Page or Sergey Brin won’t make a search engine. Tomorrow’s champions will not win by competing ruthlessly in today’s marketplace. They will escape competition altogether, because their businesses will be unique.
Zero to One presents at once an optimistic view of the future of progress in America and a new way of thinking about innovation: it starts by learning to ask the questions that lead you to find value in unexpected places.