--- aliases: [] --- #business #evolution #rationality # [[Epistemic status]] #shower-thought # Related - [[Readwise/Books/Teresa Torres - Continuous Discovery Habits_ Discover Products That Create Customer Value and Business Value]] - [[Readwise/Books/Peter Thiel - Zero to One_ Notes on Startups - or How to Build the Future]] - [[Readwise/Books/Andrew S. Grove - Only the Paranoid Survive_ How to Exploit the Crisis Points That Challenge Every Company]] # TODO Capture/create a market space # Competition is for losers ![[Pasted image 20220917122543.png]] [[Peter Phiel]] says that "**competition is for losers**", I'm still not sure what he meant. To my understanding, businesses should focus on themselves rather than on others and also explore niches. >The things that kill animals or prevent them from reproducing are only rarely physical factors. Far more often other creatures are involved—parasites, predators, and competitors. ~ [[Matt Ridley]] ![[Pasted image 20221222071212.png]] ## [[Do not rely on authority]] Rather think for yourself than looking and copying competition, otherwise you might always be lagging behind. ## [[Diverging from Epistemic consensus]] The opposite viewpoint is to `git rebase origin/consensus` and then overtake the source code ## Specific knowledge >Money is a side effect of specialization. In a specialized society, most of the things you need, you can’t make for yourself. If you want a potato or a pencil or a place to live, you have to get it from someone else. >~ [[Paul Graham - Hackers & Painters - Big Ideas From the Computer Age|Paul Graham]] ## [[Efficient market]] Epistemic consensus effect is that all startup ideas are already explored and thought, not necessarily executed. ### [[Execution is more important than ideas]] I would bet that all successful startups had no new idea, they just went in the right direction consistently enough, and thus executing properly # Link https://youtu.be/hy3tk3tDsB8 >But in capitalist reality, as distinguished from its textbook picture, it is not (price) competition which counts but the competition from the new commodity, the new technology, the source of supply, the new type of organization competition which strikes not at the margins of the existing firms but at their foundations and their very lives. ~ [[Joseph A. Schumpeter]]