He's the only entrepreneur I've heard directly encourage you to aim for a monopoly. Everyone else is like “yeah competition is awesome, it makes everyone better” but Thiel is like “nah screw competition, dominate!”. 😂

His Zero to One book is a must-read. Probably one of the best pieces of literature on business ever written.

I like how he says the jokes without laughing or smiling that makes jokes more funny :)

He is after the mindset. Having a mindset of dominating versus a mindset of competing. Two different thoughts to become successful.

If you read the book Zero to One, he is literally giving info directly from the book. But monopolizing is definitely the way to go when doing business💡

This book zero to one is best book ever made for startups .

Psychologically hard to leave because their identities were so WRAPPED UP in the competitions they had won, the people they had beaten along the way. They couldn't imagine doing something different. This is why COMPETITION is a two edged thing. In a competition you NARROW your focus to those around you but you lose sight of what is IMPORTANT or more valuable.

What I like about him is...He doesn't ask people to believe absolutely in his idea

How many of you have read his book "Zero to One"?

He is right. If you want to be a successful entrepreneur... you have to think of that next big UNIQUE idea and make it a reality and then dominate in that new market you've created.

Even though I'm completely against Paypal, I did have and use my account until last year. This guy is not only pretty smart he's very articulate.

I love his valued content and his style of speaking; humour that is dry is spectacular and very engaging for holding attention. :)

That was fucken powerful. I have felt myself losing enthusiasm for entrpreneurial goals but after listening to that I feel completely invigorated. Thank you Peter Thiel and Thank you Chicago Ideas.

I like how he drops that huge bomb of a question and then ends his talk

i bet everyone in that audience bought his book after this talk. this one of the unique talks that condenses so many concepts that perceived remote of each other in a clear and fun manner.

Every word you say coveys meaningful bites of business truths.

The world needs more people like Peter Thiel.

wisest businessman

He said a lot of gems while encouraging entrepreneurs. Love it

LOVE this presentation! Dude is TOTALLY On Point!

Great talk ! I wholeheartedly agree as society we seek too much affirmation and confirmation and as a result to maintain it have to “wrong” all those who don’t conform (or else it means we’re all wrong?) Breakthroughs don’t come from Zero sum games but rather from spaces where sum of parts is bigger than the whole.

He made the audience laugh many times but his mood didn't change a bit.

Taking a dig at the notion of developed nation without being condescending, you have earned my respect as a philosoph (sceptical about current definitions)

I love this guy! So insightful.

This talk is amazing

What a refreshing talk.

I just finish the first chapter and now so eager to continue. Thank you this is a good book. Enjoy it very much. Hope I can use it in my butterfly pea flower business here in a village so help generating income farmers and as well provide good healthy food for society. Regards from Karanggendot. English is not my first languange. So I have to read and read again before I really understand the paragraphs. This video helps me better understand the content. Thank you Chicago Ideas.

Great man with great ideas!

Great speech for human inspiration

When you compete ferociously you'll get better at that you're competing on but you'll always narrow your focus to beating the people around you and it often comes at this very high price of losing focus on what is more important or perhaps very valuable.

Great man...And great speaker

In simple way I love Peter thiel.❤️❤️

This is one of the best videos I've ever watched

Peter Thiel is THE GUY!

The idea on monopoly business creation is gold

This talk is just brilliant!

I must say. This is so relevant today

This guy is a genius! Thanks for sharing. Very insightful!

Brilliant advice for entrepreneurs.

What an awesome talk

bringing special touch of spirituality to tech. great

This is great!

Thiel is brilliant.

Peter Thiel has built multiple breakthrough companies and Zero to One shows how..

Brilliantly articulated 💯🙌🏻™️

I loved his speech

great speech

Such a great speech sir! Love it!

CONGRATULATIONS 👏 and all the best for your success and happiness ❤️

Maybe the best speach I ever heard

I love this dude

He is a great charismatic person.

XTHIS IS SUCH A GOOD VIDEO!!!

Masterpiece

Intellectual Courage !

formidable intellect

That was probably the swag-est speech the world has ever seen

Gonna buy his book

Awesome!

I love his ideas

Music to my ears

Frame this negatively as “competition is for losers”, positively as “find what only you are the best at in your business to take over”

Amen. Thank you. I first watched Chicago ideas week while in county prison in yolo county. I really respect the venue. I rebuke the devil in the name of Jesus Christ. Amen

He's worth 2.2B but his videos have low % of viewership, on YT. What's the secret behind that?

What a guy!

Such a brilliant guy,,

thank you peter thiel

awesome

Great video.

Yessir algorithm show me more content like this

Phenomenal 👍

Peter Thiel is the boss

I would love to see a debate between Jordan Hall and Peter Thiel.

as a Nepalese it feels proud to listen Nepalese from such influential guys

Looking forward to reading Max Chafin's latest book The Contrarian about cyborg Peter Thiel.

Don’t aim to be the best, go the distance!

Great sir....🙏

I don't know why Peter's mentality & thoughts are exactly the same with me, looks like we are the same person from different timeline! Mmm.... Fascinating....

Monopoly can be in 2 ways 1. You excel at something so good, there is no one even close by - such as google search engine. this is the good kind. 2. You work the gov and make laws to shield you from competition. this is the bad kind. People are often reminded of #2 when we think of a monopoly.

In PLTR we trust.

I'm no fan of P.T but I'm struck by his candor and willingness to share his entrepreneurial approach. Of course it's loaded with contrarian advise as can be expected. I especially liked his barbs thrown at business school. On the other had he says that copying and duplicating success is one of the best ways to advance globalization, with which I agree. Of course then you see the full dilema of success: If it's that easy everyone will copy it, which pivots you back to his first principle: strive toward monopoly in your market, or better yet create a market in which the cost to competitors is enormous. So easy to say, so hard to do. It is said the average person has only one good idea in his lifetime, a genius maybe three or four. One reason this country and most countries have anti-monopoly laws is to keep business from becoming overly powerful and accrue to themselves outsized wealth and influence. In the US that all went away with Regan and now we have a plutocracy that can dominate the marketplace and politics. No wonder Thiel has become a fascist. It works great for him! Not so for US.

Spot-On

Thinking to depart on a journey to startup my company , what holds me back is the things i know is not 100% , worry not able to operate everything and investment cost is somehow limited

Brilliant

Watched again today. And was reminded of the John D. Rockefeller always denying his monopoly on railroads, pipelines and oil.

I hope his brilliant concept doesn't boil down to "you should have a monopoly" - cuz there's nothing less original than that idea!

I have finished watching this video completely. (我看完這部影片了) I am a Taiwanese who cares about the global affairs. (我是一個關心全球事務的台灣人) And, sadly, most of my fellow Taiwanese don't really care about the world. (但是，很不幸地，我大部分的台灣同胞不那麼在意世界。) Hopefully Taiwan can become increasingly globally-aware and globally-competitive. (希望台灣可以越來越有全球意識與全球競爭力。) God bless Taiwan. (天佑台灣。)

seems like his point is about "blue ocean strategy", am I right? if it is, we need a lot of capital to educate the market. I'm not that type, don't have many capital upfront to create new market.

This guy is realy funny, nevef saw him this way ..;-)

Brilliant! 4:08 :)

Great book

Facebook didn't have a first-mover advantage why were they able to monopolize and not Myspace?

Very good

It is true. In Martinsburg Wv, around 100k population, I open 4 daycares within 1.5miles radius in one year. All 4 daycares will be filled by November 2021. Totalling 217 kids. Amazing.

Great lesson learned. Any one who is business partners of Elon Musk undoubtedly zero to one business guy!

Yep I'll go.

Close your eyes and listen to him talk… tell me he doesn’t sound like Nicolas Cage.

poli anna

Unbelievably insightful, brilliant dude

This is a model entrepreneur talk