@startupbell: Peter Thiel says that there are two types of companies: those that compete and those that hold monopolies. He suggests that the true goal of every entrepreneur should be to build a monopoly business, not to engage in fierce competition. Thiel believes that capitalism and competition are opposites, as intense competition erodes profits. He contrasts the cutthroat restaurant industry, where few make money, with Google's monopoly in search, which has faced little competition and reaped massive profits since 2002. For Thiel, a monopoly business is the ideal, as it ensures sustained success and profitability. Subtitles by @scriptivox —- Curating wisdom from world's best founders and showing the top 1% of startup advice, handpicked for you. Follow @startupbell for more. #startupbell #startup #business #founder #entrepreneurship #entrepreneur #paypal #peterthiel

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Sunday 24 May 2026 19:01:41 GMT