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Peter Thiel on the future, and last-mover advantage

From a presentation on Slideshare called Zero to One - Book Summary Report by Corey O'Neal at Deloitte Digital

From a presentation on Slideshare called Zero to One - Book Summary Report by Corey O'Neal at Deloitte Digital

In his book, Zero to One, Peter Thiel says there are seven questions a startup should answer. One of them specifically asks if you've thought about the future. 

It's called "The Durability Question" and it's this: 

Will your market position be defensible in 10 and 20 years into the future?

He also offers a tip on this. "Every entrepreneur should plan to be the last mover in her particular market. That starts with asking yourself: what will the world look like 10 and 20 years from now, and how will my business fit in?"

 

Why you need forecasting…

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