Zero-to-One Start Up Flashcards
Secret Question?
Have you identified a unique opportunity that others do not see?
Who sells customers?
Business developer
What are the most important first steps to start a startup?
- Right co-founder
- Both work full time
- No working remotely
- CEO is low paid
What is Zero-to-One vs One-to-N businesses?
- Create something new.
- extend existed products and globalize.
Durability Question:
Will your market position be defensible ten or twenty years into the future?
Distribution Question:
Do you have a way not only to create but deliver your product?
People Question?
Do you have the right people?
Monopoly question :
Are you starting with a big share of a small market? (Monopoly and start in small scale)
Author Peter Thiel (founder of PayPal) merged with X.com (Musk) main idea?
Zero-to-One seven Questions by Peter Theil:
- Engineering
- Timing
- Monopoly
- People
- Distribution
- Durability
- Secret
Zero-to-One solution to competition example
Merging PayPal (Theil) and X.com (Musk)
Zero-to-One valuation of UBER, AIRBNB, SNAPCHAT
$40B, $10B, and #10B
Timing Question:
Is now the right time to start your business?
Engineering question:
Can you create breakthrough instead of improvements (10X, Monopoly)
Zero-to-One Business examples Monopoly
Google —> Search engine
Facebook —> Social platform
Amazone —> Number of books