Clippings from Peter Thiele’s – ‘Zero to One’

Originally posted on Rik Surace:

It would of been very easy to highlight most of, if not all of this book. Many great insights into leadership, innovative ways of thinking and business as a whole.

With the title being Zero to One: Notes on Startups, or How to Build the Future it may be insinuated that this read is steered mostly towards start ups. And whilst the book dives into the rise and rise of the formidable PayPal, It is certainly not just that. It offers much more.

Here are the sections highlighted as I went through. When I remembered to.

2. Stay lean and flexible All companies must be “lean,” which is code for “unplanned.” You should not know what your business will do; planning is arrogant and inflexible. Instead you should try things out, “iterate,” and treat entrepreneurship as agnostic experimentation.

Improve on the competition Don’t try to create a new market prematurely…

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Why Build, Measure, Learn – isn’t just throwing things against the wall to see if they work

Originally posted on Steve Blank:

I am always surprised when critics complain that the Lean Startup’s Build, Measure, Learn approach is nothing more than “throwing incomplete products out of the building to see if they work.”

Unfortunately the Build, Measure, Learn diagram is the cause of that confusion. At first glance it seems like a fire-ready-aim process.

It’s time to update Build, Measure, Learn to what we now know is the best way to build Lean startups.

Here’s how.

Build, Measure, Learn sounds pretty simple. Build a product, get it into the real world, measure customers’ reactions and behaviors, learn from this, and use what you’ve learned to build something better. Repeat, learning whether to iterate, pivot or restart until you have something that customers love. build measure learn

Waterfall Development
While it sounds simple, the Build Measure Learn approach to product development is a radical improvement over the traditional Waterfall model used throughout the 20th century to build…

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How can I be as great as Bill Gates, Steve Jobs, Elon Musk, Richard Branson?

Originally posted on Quartz:

Answer by Justine Musk on Quora.

Extreme success results from an extreme personality and comes at the cost of many other things. Extreme success is different from what I suppose you could just consider ‘success,’ so know that you don’t have to be Richard or Elon to be affluent and accomplished and maintain a great lifestyle. Your odds of happiness are better that way. But if you’re extreme, you must be what you are, which means that happiness is more or less beside the point. These people tend to be freaks and misfits who were forced to experience the world in an unusually challenging way. They developed strategies to survive, and as they grow older they find ways to apply these strategies to other things, and create for themselves a distinct and powerful advantage. They don’t think the way other people think. They see things from angles that unlock…

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