What does Peter Thiel advise entrepreneurs to aim for?
— Peter Thiel advises entrepreneurs to aim for a monopoly and avoid competition.
How can startups build a monopoly?
— Startups can build a monopoly by targeting small markets and gradually expanding to take over a large market.
What are the key factors that can lead to monopolies?
— Network effects, economies of scale, and branding can lead to monopolies and create real value.
How did Google and Facebook become successful?
— Google and Facebook became successful by offering something dramatically better than the competition, despite not being the first in their respective fields.
Why is competition often seen as a negative thing?
— Competition is often seen as a negative thing because it can lead to losing sight of what is truly important and valuable.
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