Peter Thiel, Founders Podcast
Build a Monopoly, Not a Business
Ask if your business ending would matter, then build your edge through tech, network effects, or scale.
Peter Thiel says
The test is whether the death of your business would matter to the world, or whether some other undifferentiated competitor would simply take your place. A creative monopoly is built through proprietary technology, network effects, and economies of scale. It is much better to be the last mover, making the last great development in a specific market and enjoying years or even decades of monopoly profits.
Try this
Write down whether your business disappearing would matter, then name one dimension (tech, network effects, distribution, brand) to build a lead on.
