Business Quote by Peter Thiel
“The business model piece is we're always talking about competing more effectively. If you're starting a company or career you don't want to compete. You want to create a monopoly. We want to invest in a company that has a good plan to create a monopoly.”
About This Quote
The focus should shift from competing to building a monopoly, as lasting success comes from unique value that outpaces rivals.
In simple terms: Create unique value instead of just competing.
Key Takeaway
Aim to build a market-dominating advantage.
Themes
entrepreneurship
strategy
innovation
Mood
strategic
ambitious
Type
business
inspirational
When to use this quote
- startup launch
- product development
- market entry
Key Concepts
economics
business theory
competition
Questions to Reflect On
- How can you create a monopoly ethically?
- What unique value can you offer?
A Different Perspective
Monopolies can stifle competition and innovation.
![“[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)