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PT

Peter Thiel

03/23/17

@ Y Combinator

The structure of competition in industries often prevents innovators from making money, despite creating significant value for society.

Video

YC

Competition is for Losers with Peter Thiel (How to Start a Startup 2014: 5)

@ Y Combinator

Competition is for Losers with Peter Thiel (How to Start a Startup 2014: 5)

03/23/17

Related Takeaways

PT

Peter Thiel

03/23/17

@ Y Combinator

A structure of the future with continuous innovation can be beneficial for society, but it often doesn't favor individual businesses.

PT

Peter Thiel

03/23/17

@ Y Combinator

The history of innovation and technology reveals that many valuable innovations do not reward their inventors financially.

PT

Peter Thiel

04/02/15

@ Mercatus Center

A history of failure in certain industries discourages innovation, while success in software encourages more people to enter that field, creating a cycle of innovation.

PT

Peter Thiel

03/23/17

@ Y Combinator

There are many areas of innovation that have seen tremendous advancements, yet no one has made significant profits from them.

MA

Marc Andreessen

07/18/23

@ Joe Lonsdale

The current societal structures often resist technological change, prioritizing the status quo over innovation, which can hinder progress in various sectors.

YC

Y Combinator Cast

04/09/22

@ Y Combinator

In many industries, there can be multiple successful companies, and competition does not mean that one must fail simply because another exists.

JL

Joe Lonsdale

04/12/25

@ Joe Lonsdale

In competitive industries, if you have good technology but the market forces aren't favorable, you're likely to fail.

PT

Peter Thiel

03/23/17

@ Y Combinator

The tendency to view competition as validation is a deep-seated psychological issue that affects many innovators.

PT

Peter Thiel

03/23/17

@ Y Combinator

In the last 250 years, only a few categories of businesses have successfully created new things and made money, often due to their monopolistic structures.