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About Zero to One:
Zero to One is a 2014 book released on 16th September, 2014 by venture capitalist, PayPal co-founder and early Facebook investor Peter Thiel along with Blake Masters. This book comes with the notes on startups and how to build the future. The main theme of the book is an advice from Peter on startups. According to peter most people think future of the world will be defined by globalization, but the truth is that technology matters more. In this book he writes that spreading old ways to create wealth around the world will result is devastation, not riches. In a world of scarce resources, globalization without the use of new technology is impossible. Startup is the largest group of people you can convince of a plan to build a different future. Contents of the book are The challenge of the future, on lean startup dogmas, competition is for losers, business vs startup, building a monopoly, foundations, recruiting, sales, 7 questions every startup should answer and companies are monarchies. Peter points that it is better to risk boldness than triviality, a bad plan is better than no plan, competitive markets destroy profits, sales matters just as much as product. According to peter competition is for losers “if you can recognize competition as a destructive force instead of a sign of value, you are already more sane than most”. Peter shows us a good example of the brutal competition. While U.S airlines serve millions of passengers and create hundreds of billions of dollars of value each year, they make only 37 cents per passenger trip. On the other hand, Google has 100 times higher profit margin than all airline industry. Hence this is a must read book for the startups and it comes with all the points that must be kept in mind for a successful business. The best part of the book was the idea that successful startups are based around secrets, whereas the worst part was Thiel’s favoring startups that have a grand plan upfront.
About Peter Thiel:
Full name Peter Andreas Thiel was born on 11 October, 1967. He is an American entrepreneur, venture capitalist, philanthropist, political activist, and author. He was ranked no 4 on the Forbes Midas list of 2014 with a net worth of $2.2 billion and No. 246 on the Forbes 400 in 2016 with a net worth of $2.7 billion. Thiel is involved with a variety of philanthropic and political pursuits. Through the Thiel foundation, he governs the grant making bodies breakout labs and Thiel fellowship, and he also supports life extension, seasteading and other speculative researches.
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