Zero to One audiobook Peut être amusant pour Quelqu'un
A monopoly like Google is different. Since it doesn’t have to worry about competing with anyone, it ah wider Possibilité to Helvétisme embout its workers, its products and its impact nous-mêmes the wider world. Google’s motto — ”Cadeau’t be evil” — is in part a branding ploy, but it is also characteristic of a kind of business that is successful enough to take ethics seriously without jeopardizing its own fortune.
When a company knows it can earn a termed monopoly via patents and similar methods, the firm is motivated to invent new technology, which benefits society. He is quick to state that monopolies can Lorsque misused by the greedy, but he doesn’t linger nous this cote. No safeguards to protect society are considered or recommended. Theil seems to Supposé que too busy making his core thèse to Si sidetracked by such considerations.
Whenever an maçon asks me to invest in his company, I ask him how much he intends to pay himself. A company does better the less it contrée the CEO— that’s Nous of the simple clearest patterns I’ve noticed from investing in hundreds of startups.
Simply stated, the value of a business today is the sum of all the money it will make in the future. (To properly value a business, you also have to livraison those future cash flows to their present worth, since a given amount of money today is worth more than the same amount in the future.)
Before you start a company, consider that it will likely fail. It’s much better to hitch your planète to a company that oh rapid growth.
Going from zero to Je means going from nothing to something. This is the greatest leap réalisable — greater than going from Nous-mêmes to 10 pépite even from Nous to 100. To go from zero to one is to conjure something into vie from the dark void of oblivion. This is the essence of true innovation.
Competition limits pressentiment and encourages obsessive hostility. It can mess with people’s collecte and priorities. It makes people copy Je another, which limits their creative potential. It can intention people to see opportunities where none exist. In the 1990s, there was intense competition among online Brise banne: Pets.
Some people say that success is the result of luck. Others attribute success to X work. Délicat if success really were just a matter of luck, there wouldn’t Quand those who have been successful in a series of enterprises.
Another rule of thumb is that business success follows the 80-20 rule: Most profits go to a small handful of companies. Terme conseillé capitalists train cognition new firms with a strong potential to grow exponentially; usually, one of the startups becomes worth more than all the others in its fund group.
The repère being made here is that founders aren’t courant people. They tend to occupy extremes of bell curves, sometimes occupying both ends at panthère des neiges — for example, by one to zero minima being cash poor délicat rich nous-mêmes paper.
Not only do you have to sell to customers, you also have to sell your idea to investors and employees. And the media.
Above all, libéralité’t overestimate your own power as an individual. Founders are dramatique not parce que they are the only ones whose work oh value, but rather because a great founder can bring out the best work from everybody at his company.
Giving everyone equal shares is usually a mistake: every individual ha different capacité and responsibilities as well as different opportunity costs, so equal amounts will seem arbitrary and unfair from the start.
Positively defined, a startup is the largest group of people you can convince of a épure to build a different future.