A Quote by Peter Thiel
If you have a business idea that's extremely easy to copy, that can often become something of a challenge or problem.
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No matter what problem you encounter, whether it's a grand challenge for humanity or a personal problem of your own, there's an idea out there that can overcome it. And you can find that idea.
A problem with school is that you often become what you study. If you study, let say cooking, you become a chef. If you study law, you become an attorney, and a study of auto mechanics makes you mechanics. The mistake in becoming what you study is that, too many people forget to mind their own business. They spend their lives minding someone else's business and making that person rich
We talked about how easy it was to make the mistake of anthropomorphizing animals, and projecting our own feelings and perceptions on to them, where they were inappropriate and didn't fit. We simply had no idea what it was like being an extremely large lizard, and neither for that matter did the lizard, because it was not self-conscious about being an extremely large lizard, it just got on with the business of being one. To react with revulsion to its behavior was to make the mistake of applying criteria that are only appropriate to the business of being human.
When we look at investing, we always think about 'how defensible is this, how likely is it that somebody is going to copy this.' E-commerce tends to be something easy to copy because it's execution.
There is no future in which bits will be harder to copy than they are today ... Any business model that based on the idea that bits will be harder to copy is doomed.
The problem with venality in business is that getting outraged about it makes it easy to miss the systemic problems that venality often disguises.
Start copying what you love. Copy copy copy copy. At the end of the copy you will find your self.
You know how it always is, every new idea, it takes a generation or two until it becomes obvious that there's no real problem. It has not yet become obvious to me that there's no real problem. I cannot define the real problem, therefore I suspect there's no real problem, but I'm not sure there's no real problem.
I came up with this idea to create an app. And the premise of the app is this: every problem in the bar business goes away when there's sales. You increase revenue and you solve every problem. It's when the revenues are low that [the business] doesn't work. So I wanted to put together an app that focused on top-line revenue, guest experience, and business management in a more organized way.
People will try to copy what they can see, which is the final product or service, but it's much harder to see (and copy) all the intricacies of the business model that allows you to create, capture, and deliver value. And that's what you need to get right to really jam something down people's throats!
The business of judging a headline AFTER you read the copy is wrong. It takes for granted that everybody reads the copy.
Thoughts have consequences. Healing from anxiety requires healthy thinking. Your challenge is not your challenge. Your challenge is the way you think about your challenge. Your problem is not your problem; it's the way you look at it.
When a problem seems intractable, it is often a good idea to try to study "toy" versions of it in the hope that as the toys become increasingly larger and more sophisticated, they would metamorphose, in the limit, to the real thing.
The way I challenge myself is by writing something that really engages me, that doesn't have an easy answer, and isn't always an easy book to write.
I see the war problem as an economic problem, a business problem, a cultural problem, an educational problem - everything but a military problem. There's no military solution. There is a business solution - and the sooner we can provide jobs, not with our money, but the United States has to provide the framework.
Having the ability to be brutally honest with yourself is the greatest challenge you face when creating a business model. Too often we oversell ourselves on the quality of the idea, service, or product. We don't provide an honest assessment of how we fit in the market, why customers will buy from us, and at what price.
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