Updated: Jan 20
" A startup is the largest endeavor over which you can have definite mastery. You can't have agency not just over your own life, but over a small and important part of the world. It begins by rejecting the unjust tyranny of Chance. You are not a lottery ticket."
- Peter Thiel
Innovation and creation can be interpreted as creating something from nothingness; or as this book describes - going from 0 to 1. This book shares the necessary steps needed to create that jump from 0 to 1. The writer explains about the past startups, and what we should focus on to build value in this world.
For those who don't know the writer of the book, Peter Thiel is the co-founder of Paypal and Palanier. Also, he was the first person to invest in Facebook and fund companies such as SpaceX and LinkedIn. If he isn't creating revolutionary businesses, he is either investing in one.
The whole book contained much valuable information, but the chapter that intrigued me the most was the chapter that was titled - All Happy Companies Are Different. In this chapter, Peter Thiel mentioned that monopolized companies such as Google has "wider latitude to care about its workers, its products, and its impact on the wider world". However, in a perfectly competitive market, it is difficult for the companies to show the same degree of care since you will need to squeeze out every bit of efficiency due to the low price margin. This is such an obvious statement, but I never really took the time to think about this until this moment.
This is definitely a book you have to read multiple times. There is so much information that is condensed within this book, that you may overlook when you read it for the first time.
This book is recommended for anyone who is contemplating starting their own business!