"World of DaaS"
Peter Thiel: Science, Society, Stagnation
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.
45:38
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Quick takeaways
- The importance of assessing the potential for expansion and focusing on a strong base when considering the total addressable market (TAM) for a company.
- The need for venture capitalists to invest in unique companies with minimal competition, emphasizing the value of differentiation on a deal-by-deal basis and understanding what other investors do not.
Deep dives
Importance of Total Addressable Market (TAM)
Peter Thiel discusses the importance of considering the total addressable market (TAM) when starting a company. While having a large TAM may seem beneficial, it can also lead to increased competition and challenges. Thiel suggests that the best TAM narratives are those with a narrow initial market and the potential for expansion. He cites PayPal as an example, where they initially focused on power sellers on eBay and later expanded. Thiel emphasizes the need to assess the potential for expansion and the importance of a strong base.
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