Comment on Lecture 5, How to Start a Startup: Peter ThielComments−aprdm11yVery good lecture! So.. basically, start small and try to turn into a monopoly−johan_larson11yMaintaining a monopoly, or even just a dominant share of a market, requires what Warren Buffet likes to call a "moat", some crucial advantage that makes it difficult to compete with you.http://www.investopedia.com/ask/answers/05/economicmoat.asp
Comments
Very good lecture! So.. basically, start small and try to turn into a monopoly
Maintaining a monopoly, or even just a dominant share of a market, requires what Warren Buffet likes to call a "moat", some crucial advantage that makes it difficult to compete with you.
http://www.investopedia.com/ask/answers/05/economicmoat.asp