Name of the Book: - Zero to One
Author:- - Peter Thiel
No of Chapters: -14
Number of Pages: - 195
About the Author: - Peter has co-founded Paypal and Palantir, made the first outside
investment in facebook, funded companies like SpaceX and Linkedin.
What this book is about: - Book is a great read on how to
create valuable companies and what needs to be learnt from these companies.
Book explained why monopolistic companies keep growing decade to decade under
the disguise of being different. It also explains how monopolistic companies
keep on innovating because of their strong balance sheet. Book explained the frenziness
of dot com bust era and what lessons people learnt from it. It explains why
incremental advances are more important than creating grand vision. Book
elaborated on the concept that all startups should aim to start small and later
on scale it on grand scale. It also explained about the details of four important components
namely Brand, scale, network effects and technology combination to define a
monopoly business. Book detailed upon the concept how successful venture
capitalists are able to create value by investing in great business in their
early period of growth. Book explained how the combination of Man and
technology can score vastly over the technology alone by citing the examples of
LinkedIn recruitment process. Book detailed upon how distribution channel plays
a vital role in the success of any company. The book also explores
the role of technology in driving innovation and creating a better
future Author suggests that we need to be ambitious and
aim for breakthroughs in fields such as space exploration, biotechnology and
artificial intelligence. The book explains the underlying fact that innovation,
new thoughts and challenging old ideas is the only path to take the world
forward.
Some special insights from the book:-
1. There are two strange rules for VCs.
a. Invest
only in those companies which have the potential to return the value of the
entire fund
b.
Rule No 01 is so restrictive, so there can be no other rules
2.
To escape competition, the product is to be built at least 10 times
better.
3.
Last mover is any field has got distinctive advantage of complete
knowledge of business.
4.
There is nothing called social entrepreneurship .
Overall Review: - It is an excellent thought provoking book that encourages the
readers to think about new ideas and pursue innovation. is an excellent compilation of thoughts and
experience of Peter Theil. It explained the various important components that
are essential for building a great start up. Overall it is a good read.
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