2min chapter

THE INTELLECTUAL DARK WEB PODCAST (HOBBES + LOCKE + ROUSSEAU + US CONSTITUTION in ONE SINGLE BOOK) cover image

Peter Thiel on Successful Businesses

THE INTELLECTUAL DARK WEB PODCAST (HOBBES + LOCKE + ROUSSEAU + US CONSTITUTION in ONE SINGLE BOOK)

CHAPTER

The Importance of Small Markets

PayPal's initial market was eBay power sellers there were about 20,000 of them and we got to about 30 percent market share within about three months again a very good start. Facebook initially went after the 10,000 people at Harvard it went from 0 to 60 market share in 10 days that was an auspicious start. So what mistakes are we in the tech world making now? You know there are probably well there are many categories of mistakes that they were making you know certainly one one broad category that flows from my my monopoly thesis is that you often want to look at small markets if you want to be to be a monopoly you have to get to large markets chair so you want to go

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