Competition is overrated. In practice it is quite destructive and should be avoided wherever possible. Much better than fighting for scraps in existing markets is to create and own new ones.
Peter ThielNow itโs either about technology that doesnโt work or about technology thatโs used in bad ways. The anthology of the top twenty-five sci-fi stories in 1970 was, like, โMe and my friend the robot went for a walk on the moon,โ and in 2008 it was, like, โThe galaxy is run by a fundamentalist Islamic confederacy, and there are people who are hunting planets and killing them for fun.โ
Peter ThielIf you focus on near-term growth above all else, you miss the most important question you should be asking: will this business still be around a decade from now?
Peter Thiel