Peter Thiel claims in the Beginning of the book as it's monopoly is good and competition is bad. This as it stands is a false statement. A "real" monopoly "by the price controls Restricting supply qui peut être Achieved by buying up all concurrents and or unfair competition by destroying concurrents. Prof. Tirole. the Nobel Prize winner in economics in 2014 HAD this to say referring to this kind of companies, "In Some Markets idiosyncrasies (particularities) can lead to longstanding positions qui need to be regulated smartly away in That Does not overly penalize innovators." Several of These start ups like Google, Microsoft, Apple and Face book faced legal battles Because of unacceptable monopolistic practices and Were forced to change practices and pay significant fines. Thiel Does not deal with this major issue. HOWEVER this is one of the Most Interesting and Useful books about innovation as long as you read it and Critically Carefully. An interesting chapter Describes single-combining computers with human capabilities one's capabilities. Thiel lancé Pay-Pal, Experienced of upwards of $ 10 million of credit card fraud every month. The number of transactions on the Internet are of large volume Such That icts possible for people to control Each of Them. It was found to be possible to solve the problem with a computerized procedure Purely Because fraudsters Would find out how to cheat the system. The solution Was That system APPROBATION suspicious boxes and humans That Decided qui of Them Were fraudulent. The system Was a success. Another chapter presents an analysis of the characteristics of leaders of highly innovative companies. None of these leaders are "average" Individuals. These leaders-have different mixes of extreme characteristics, far from the average, in two opposite directions Considering strong / weak, charismatic / disagreeable, insider / outsider, rich / poor, hero / villain, famous / infamous. He has marriages venture / capital firm. Another chapter Describes the mistakes made by start-ups in the solar / green / social energy area by showing How They messed up the seven issues he considers Necessary to be successful. The book covers much more than how to lead a start-up hardware / organization For example he places the United States, Europe and China in a matrix on one side with Optimistic / Pessimistic and on the other side Definite / Indefinite. "Definite" means clustering que le people and the government-have specific goals and plan for the future; Their indefinite absence. He philosophers positions, countries and investments levels in this matrix. For example America is classified as optimistic and final in the 1950s-1960s and still optimistic goal indefinite from 1982 - present; China as pessimistic and final. Chinese Permanently expect problems in the future. Europe as pessimistic and indefinite, that 'is uncertain about the future. This is interesting aussi goal was simplification. A president can change the feeling of a country from pessimistic to optimistic as Franklin Roosevelt and Ronald Reagan-have done, Companies can be classified aussi That Way. Innovative companies-have to be optimistic in the / final box. The book is very easy to read. HOWEVER, it is one of the books Few Where I Had to put it down After Each chapter, to Reflect upon the ideas to determine Their validity and merit. It is a fascinating book.
