{"id":1458,"date":"2015-07-07T05:46:04","date_gmt":"2015-07-07T05:46:04","guid":{"rendered":"http:\/\/socialmediaoutcomes.com\/go\/?p=1458"},"modified":"2015-07-07T06:11:42","modified_gmt":"2015-07-07T06:11:42","slug":"3-valuable-lessons-from-a-billionaire","status":"publish","type":"post","link":"https:\/\/socialmediaoutcomes.com\/go\/3-valuable-lessons-from-a-billionaire\/","title":{"rendered":"3 Valuable Lessons from a Billionaire"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/socialmediaoutcomes.com\/go\/wp-content\/uploads\/2015\/07\/peter-thiel-300x233.jpg\" alt=\"Peter Thiel\" width=\"300\" height=\"233\" class=\"alignright size-medium wp-image-1460\" srcset=\"https:\/\/socialmediaoutcomes.com\/go\/wp-content\/uploads\/2015\/07\/peter-thiel-300x233.jpg 300w, https:\/\/socialmediaoutcomes.com\/go\/wp-content\/uploads\/2015\/07\/peter-thiel.jpg 400w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>What can you learn from a billionaire?<\/p>\n<p>I imagine you can learn a lot.<\/p>\n<p>Peter Thiel is an Angel Investor and Venture Capitalist. His net worth was $2.2 billion as of January 2015.<\/p>\n<p>He co-founded a little company called PayPal in 1998 along with fellow billionaire Elon Musk and Max Levchin. Thiel acquired a 10.2% stake in Facebook in 2004, investing $500,000 in the new company. He is passionate about startup companies.<\/p>\n<p>Peter is author of Zero to One: Notes on Startups, or How to Build the Future.<\/p>\n<p>More on his book in a moment.<\/p>\n<p>The Wall Street Journal interviewed Peter Thiel on the topic of competition. I encourage you to watch the video below. You may pick up a few ideas.<\/p>\n<h1>Wall Street Journal Video Interview with Peter Thiel<\/h1>\n<p><iframe loading=\"lazy\" allowfullscreen=\"true\" webkitallowfullscreen=\"true\" mozallowfullscreen=\"true\" frameborder=\"0\" scrolling=\"no\" width=\"512\" height=\"288\" src=\"http:\/\/video-api.wsj.com\/api-video\/player\/iframe.html?guid=3D9A5E99-02E5-42EB-8B10-ED8E37FA26DD\"><\/iframe><\/p>\n<h2>Zero to One (Lessons from the Book)<\/h2>\n<p>As I understand it, the phrase Zero to One refers to the act of creation. You move from a state of nothing to a state of having created someone new and fresh. Think about companies like PayPal, Google, and Facebook.<\/p>\n<p>In his book Zero to one, Thiel talks about what differentiates successful startups from those that fail.<\/p>\n<p>I read a summary of the book and extracted a few golden nuggets.<\/p>\n<h1>Here are 3 valuable lessons from the book:<\/h1>\n<h2>1. Founding a company is just like building a house.<\/h2>\n<p>You can&#8217;t build either on a flawed foundation. He makes a point in the book that the most successful startups in the future will be ones that innovate an entirely new concept, not simply build upon what others have already created.<\/p>\n<h2>2. Build a business that has a unique competitive advantage where rivals cannot enter.<\/h2>\n<p>Thiel contrasts Google vs. the airline industries. Airlines are extremely competitive whereas Google is more of a monopoly. Google is extremely profitable because it can focus on innovation rather than competition. The airlines are barely profitable.<\/p>\n<h2>3. You can create your own success<\/h2>\n<p>Steve Jobs is a perfect example of someone who envisioned and executed long term plans to distribute innovative products.<\/p>\n<p>There is no doubt Jobs was a genius. He was a visionary who anticipated what customers would want even before they knew what they wanted. Clean, simple designs won Apple satisfied customers willing to evangelize the brand and spread the word.<\/p>\n<p>In my opinion, Thiel&#8217;s advice in the book is well suited for technology companies with a creative team and money to spend. The average small business owner may have a hard time applying some of the lessons in the book. But, I will reserve judgment until I have read and re-read the book.<\/p>\n<p>At any rate, studying a book like this will get you to think bigger, to think globally and to stretch and grow.<\/p>\n<p><strong>Rick Cooper<\/strong><br \/>\nOnline Marketing and Social Media Trainer<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What can you learn from a billionaire? I imagine you can learn a lot. Peter Thiel is an Angel Investor and Venture Capitalist. His net worth was $2.2 billion as of January 2015. He co-founded a little company called PayPal in 1998 along with fellow billionaire Elon Musk and Max Levchin. Thiel acquired a 10.2% &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"https:\/\/socialmediaoutcomes.com\/go\/3-valuable-lessons-from-a-billionaire\/\">Continue reading<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[42,30,105],"tags":[480,478,137,479],"class_list":["post-1458","post","type-post","status-publish","format-standard","hentry","category-marketing-2","category-opportunities","category-success","tag-innovation","tag-peter-thiel","tag-success-2","tag-zero-to-one","item-wrap"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2vsw5-nw","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/socialmediaoutcomes.com\/go\/wp-json\/wp\/v2\/posts\/1458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/socialmediaoutcomes.com\/go\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/socialmediaoutcomes.com\/go\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/socialmediaoutcomes.com\/go\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/socialmediaoutcomes.com\/go\/wp-json\/wp\/v2\/comments?post=1458"}],"version-history":[{"count":8,"href":"https:\/\/socialmediaoutcomes.com\/go\/wp-json\/wp\/v2\/posts\/1458\/revisions"}],"predecessor-version":[{"id":1467,"href":"https:\/\/socialmediaoutcomes.com\/go\/wp-json\/wp\/v2\/posts\/1458\/revisions\/1467"}],"wp:attachment":[{"href":"https:\/\/socialmediaoutcomes.com\/go\/wp-json\/wp\/v2\/media?parent=1458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/socialmediaoutcomes.com\/go\/wp-json\/wp\/v2\/categories?post=1458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/socialmediaoutcomes.com\/go\/wp-json\/wp\/v2\/tags?post=1458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}