I’m currently rereading Zero to One for my book club. Thiel argues that all significant fortunes are built by building something new that totally avoids competition (or at least addresses a problem in a completely new way from preexisting competition).
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Right on all 3 points but the ones who are losing money will eventually take a percentage of sales?
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Maybe. Maybe not. No guarantee of that. Especially with Amazon lording over the environment, taking its 15%.
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