"World of DaaS" Peter Thiel: Science, Society, Stagnation
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Oct 3, 2023 
Peter Thiel, entrepreneur and investor, discusses venture capital, scientific stagnation, AI, tech start-ups, and more. He dives deep into the global economic landscape, the impact of competition, and the challenges of expansion. Thiel examines the smokescreen of wokeness, the scarcity of courage, and challenges conventional wisdom. He also explores the naming convention in science and the potential impact of humanities education on scientific progress.
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Total Addressable Market for Startups
- Consider total addressable market (TAM) when starting a company, but don't overstress it.
- Focus on a narrow, expandable TAM to gain a foothold and build from there.
PayPal's Initial TAM Strategy
- PayPal initially targeted a small TAM of power sellers on eBay, achieving rapid market share.
- Expanding beyond this initial niche proved challenging, leading to an acquisition by eBay.
Venture Capital and Monopolies
- Venture capitalists should seek companies with limited competition, mirroring the monopolies companies strive for.
- VCs should identify unique insights about potential investments that other investors lack.