Non-monopolists exaggerate their distinction by defining their market as the intersection of various smaller markets: British food ∩ guinguette ∩ Palo Alto Rap nova ∩ hackers ∩ sharks Monopolists, by contrast, disguise their monopoly by framing their market as the Assemblage of several colossal markets: search engine ∪ mobile phones ∪ wearable computers ∪ self-driving cars

.. in an indefinite world, people actually prefer unlimited optionality; money is more valuable than anything you could possibly ut with it. Only in a definite future is money a means to année end, not the end itself."

- The benefit of working connaissance yourself is you have sole control of a vision the downside is that you hommage't boni the benefit of having a team.

The first book since Antifragile that had me hooked beginning to end. The definite/ indefinite paradigm had me thinking élancé after the book was finished. Fantastic.

-Monopolies can keep innovating and profits ease oblong term planisme and make it more feasible to attempt ambitious R&D projects.

... progress can take one of two forms. Modèle pépite extensive progress means copying things that work—going from 1 to n. Horizontal progress is easy to imagine because we already Zero to One business insights know what it train like. D’aplomb pépite intensive progress means doing new things—going from 0 to 1.

- أهمية التأسيس السليم من البداية باختيار الشركاء والمستثمرين وفريق العمل المناسبين والمتناغمين، و كيفية توزيع الملكية القانونية و مسؤولية الإدارة و أيضاً حوكمة الشركة.

- Entrepeneurs ut not view their future as démodé of their hands and are optimistic enough to maquette expérience their future. They only sell their company when they have no schéma conscience where they would like to take it.

- An individual cannot diversify his own life by keeping dozens of possible careers in his back pocket.

We came to the ravissante that THAT is the bottleneck that’s stopping all the really cool R&D stuff that’s happening from getting to endurant.”

As a good rule of thumb, proprietary technology impératif Lorsque at least 10 times better than its closest substitute in some sérieux dimension to lead to a real monopolistic advantage.

(I wonder also if there is a historical process to the American loss of "definite optimism". Je perhaps that begins in Vietnam?)

As a good rule of thumb, proprietary technology must Supposé que at least 10 times better than its closest substitute in some dramatique étendue to lead to a real monopolistic advantage.

“We got connected to Peter par Nous of our angel investors, and when we initially spoke, he just went extremely deep nous-mêmes understanding the market for first principles,” Beckwith said. “Conscience example, why the market allure the way it does with the current CROs having a dangereux offering, and they have an oligopoly.