Inspiring talk by Peter Thiel

Peter Thiel is certainly amongst the sharpest mind of the valley! Love this inspiring talk by him. He has been saying these for year(s) but this one is in particular short and to the point. My summary notes below. :)

1) Competitions are for losers! You wanna run a monopoly!
2) "Almost all trends are over-rated. If you hear a trend, by the time you hear it, that wave has already passed. If you hear big data, cloud computing, you need to think fraud and run away as fast as you can!"
3) You need specific differentiation factors/technologies that others can not clone or copy.
4) You gotta figure out ways to scale quickly or have a differentiative market place.
5) Going into partially regulated industries has a fairly decisive advantage that so many entrepreneurs/investors are discouraged from it.
6) 75% of the value of a business comes only 10 years after the start.
7) You want to be the first AND the last mover of a field to define and overtake that industry.
8) Development happens through two different axes: globalization vs. new technology. In recent years most of focus has been around former and latter is being stagnated.