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Avoided Quote by Peter Thiel

“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.” quote by Peter Thiel
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“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 Thiel

About This Quote

Source Book: Zero to One, 2014

Competition often wastes resources; creating unique markets yields greater value.

In simple terms: Competing is costly; innovate instead.

Key Takeaway

Focus on creating new markets.

Themes

innovation competition strategy

Mood

strategic optimistic

Type

business motivational

When to use this quote

  • startup planning
  • product development
  • market analysis

Key Concepts

economics entrepreneurship

Questions to Reflect On

  • What unique value can you offer?
  • How to identify untapped markets?
A Different Perspective

New markets can still face hidden competition.

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