2min chapter

Founders cover image

#278 Peter Thiel

Founders

CHAPTER

Are You Building a Durable Business?

Many entrepreneurs focus only on short term growth. Instead, you must think critically about the qualitative characteristics of your business. Proprietary technology is the most substantive advantage a company can have. Network effects makes a product more useful as more people use it. There's no shortcut to monopoly. However, analyzing your business according to these characteristics can help you think about how to make it durable.

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