Peter Thiel: successful businesses are based on secrets
Peter Thiel: successful businesses are based on secrets
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Peter Thiel says that there are two types of companies: those that compete and those that hold monopolies. He suggests that the true goal of every entrepreneur should be to build a monopoly business, not to engage in fierce competition. Thiel believes that capitalism and competition are opposites, as intense competition erodes profits. He contrasts the cutthroat restaurant industry, where few make money, with Google's monopoly in search, which has faced little competition and reaped massive prof
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