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Entrepreneurship

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Entrepreneurship

In the YouTube video, Peter Thiel discusses business and entrepreneurship in the context

of his best-seller, Zero to One: Notes on Startups, or How to Build the Future (2014). The

PayPal co-founder gives a short speech then answers questions from his audience and moderator

so that viewers can learn profound lessons from the introduction, the monologue, and the

dialogues. The most enlightening takeaway from this video is that unlike families, all failing

firms are unhappy in the same way, and all successful ones diversely happy. In less complicated

terms, businesses should focus on their differences and creativity, and avoid functioning from

basic and conventional competitive positions to find exponential growth in niche areas. 

           I agree with the speaker that creating new ventures gives entrepreneurs more opportunities

than competing in congested or emerging. Creativity is justified by how his co-founding

partners, and he functions. Entrepreneurs who have a stake in many businesses are more

financially and professionally secure than those who specialize and focus on being a business

leader in one field. Similarly, firms that venture in many areas such as Alphabet, Google, and

Tesla provide more solutions and therefore have a higher value than mono-dimensional

corporations like law firms and websites. 

           Peter Thiel is a tactical and strategic planner. Thiel shows tact because he is always

moving from the head of one form of firm to another, ever leaving at the point where he feels he

has created maximum value and found room for further growth. For instance, after PayPal was

valuable enough, he was part of the decision that led to selling the online money transfer

platform to eBay. 

           In conclusion, the forum provides a challenging lesson is that unlike many chief

executives, Thiel does not value the experiences in failure. Thus, he suggests that aspiring
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entrepreneurs should persist in their ventures while asking themselves what important truth very

few people agree with them on (Blake & Thiel, 2014). Continuing into new corporate terrains is

hard to do because there will be much opposition when trying new methods of escaping

competition to profit from differentiation.