In the previous video, Sam Altman, President of Y Combinator and Dustin Moskovitz, Co-founder of Facebook, Asana, and Good Ventures, talked on how to start a startup. Dustin discusses “Why to Start a Startup” and Sam covers the first 2 of the 4 Key Areas: Ideas, Products, Teams and Execution.
In this video, Peter Thiel, founder of Paypal and Palantir, discusses business strategy and monopoly theory in “Competition is For Losers”.
Thiel talks about capturing value, lies people tell, how to build monopoly?, last movers advantages, history of innovation, Psychology of competition. He talks about competition being the value followed by a questionnaire session.
About Peter Thiel, founder of Paypal,
In 1998 Thiel co-founded PayPal, an online payments system, with Max Levchin. The company later merged with X.com, then headed by Elon Musk. PayPal went public on February 15, 2002, and was sold to eBay for $1.5 billion later that year.
In August 2004, Thiel made a $500,000 angel investment in the social network Facebook for 10.2% of the company and joined Facebook’s board. This was the first outside investment in Facebook.