By Blake Masters
Blake Master's essay types of his category notes from Stanford's CS183: Startup.
Class 1: The problem of the Future
Class 2: occasion Like it truly is 1999?
Class three: worth Systems
Class four: The final Mover virtue (escaping competition)
Class five: The Mechanics of Mafia (culture)
Class 6: Thiel's legislations (origin, founders, financing)
Class 7: stick with the money (venture capital)
Class eight: The Pitch
Class nine: in case you construct It, Will they arrive? (distribution)
Class 10: After net 2.0
Class eleven: Secrets
Class 12: battle and Peace (capitalistic competition)
Class thirteen: you're not A Lottery price ticket (luck, outlook, planning)
Class 14: Seeing eco-friendly (cleantech & renewable energy)
Class 15: again to the longer term (where the long run has failed)
Class sixteen: interpreting Ourselves (biology & longevity)
Class 17: Deep concept (artificial intelligence)
Class 18: Founder as sufferer, Founder as God
Class 19: Stagnation or Singularity?
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Additional info for Peter Thiel on Startups: Notes on CS183
And if the politics problem is quite severe, there is actually strong positive incentive is to distort the truth. You don’t just not say that you are a monopoly; you shout from the rooftops that you’re not, even if you are. The world of perfect competition is no freer from perverse in centives to lie. One truth about that world is that, as always, compa nies want investors. But another truth about the world of perfect competition is that investors should not invest in any companies, be cause no company can or will make a profit.
But the disruptive tech story is possibly overdone. Disruptive companies tend not to succeed. Disruptive kids get sent to principal’s office. Look at Napster. Napster was certainly disruptive… probably too dis ruptive. It broke too many rules and people weren’t ready for it. Take the name itself: Napster. It sounds disruptive. But what kinds of things can one “nap”? Music and kids. Yikes. Much better than to disrupt is to find a frontier and go for it. But where is the frontier in technology? How should we begin to think about it?
Thinking through this suggests that competition is overrated. Competition may be a thing that we’re taught, and that we do, un questioningly. Maybe you compete in high school. Then more, tougher competition in college and grad school. And then the “rat race” in the real world. An apt, though hardly unique example of in tense professional competition is the Big Law model for young law yers from top law schools. You graduate from, say, Stanford Law and then go work at a big firm that pays you really well.
Peter Thiel on Startups: Notes on CS183 by Blake Masters