They are bold ideas and not about taking baby steps and making incremental progress.

All the “zero to one” ideas like Facebook follow four rules.

An original idea (like LinkedIn, says Thiel) will give progressively higher rate of returns.

The book starts by asking Thiel’s favorite interview question, “What important truth do very few people agree with you on?” This book is about asking you to think, “What valuable company is no one building?” If the company you are thinking of will show diminishing rate of return, your idea is not original enough. He studied philosophy at Stanford University before going on to Stanford Law School, and working in a law firm in New York and then as a derivatives trader on Wall Street.

He was the first outside investor in Facebook. Peter Thiel is a billionaire entrepreneur (he started Paypal in 1998 as a way to create an alternative to the dollar), turned venture capitalist turned author taught a class on entrepreneurship at Stanford. So his Thiel Fellowship program funds smart people who are under 20, to forgo their college education and start their own companies. Conventional education leads to conventional choices. Unsolved problems are hotbeds of opportunity. This book is all about inspiring you to think about grand ideas and not for those who are looking to merely tinker. But when you create something unique that did not exist before you are going from zero to one. When you get inspired by Bill Gates and build another five companies like Microsoft then you go from 1 to n.

Zero to one book in hindi