Escape the competition, w/PayPal's Peter Thiel
Masters of Scale
00:00
The Explanatial Growth Factor
We needed to achieve escape velocity. We needed to grow so quickly that it would discourage anybody from even trying to compete with us. How do you know you're hitting it? Peter has a formula. I used to have this equation on the papal white boards. Watch for expedential growth. The x factor in the exponent was growing at about something like seven % a day. If the trend held, we could break fr every competitor in a span of a few years. In short, eat dust.
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