Contra-Lessons Learned from the 1990s.
Silicon Valley learned some dysfunctional lessons from the Dot-Com Bust: 1. Make incremental advances [Thiel recommends the opposite~It’s better to risk boldness than play it safe with triviality]. 2. Stay lean and flexible [Thiel~A weak plan is better than no plan]. 3. Improve on the competition [Thiel~Competitive markets destroy profits]. 4. Focus on products, not sales [Thiel~Sales matters just as much as product].