Business Quote by Peter Thiel
““if you want to create and capture lasting value, don’t build an undifferentiated commodity business.””
About This Quote
Source Interview: 2020 TechCrunch Disrupt, Peter Thiel
Creating lasting value needs differentiation; copying generic models fails.
In simple terms: Be unique to build lasting value.
Key Takeaway
Focus on differentiation.
Themes
innovation
value
competition
Mood
strategic
critical
Type
business
motivational
When to use this quote
- startup planning
- product development
- market entry
- business strategy
Key Concepts
economics
strategic positioning
Questions to Reflect On
- What unique problem does your venture solve?
- How to balance uniqueness with market demand?
A Different Perspective
Differentiation can be costly and risky.
![“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of…” quote by Nora Ephron](https://sms4smile.com/quotes/img-quotes/d79/nora-ephron-1217_business_s-ometimes-when-you-are-a-food-person-th_980.jpg)
![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)
