Peter Thiel’s 7 best tips to identify businesses for long-term investing success
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Synopsis
Thiel says investors should pick the most successful businesses, which are monopolies as they combine proprietary technology with network effects, economies of scale and branding.
ETtech
Thiel attributes the success of companies like PayPal to their ability to start small in an untapped market.
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Famous venture capitalist and silicon valley entrepreneur Peter Thiel says investors shouldn’t be too dependent on investment decisions based on formulas. Instead, they should look for companies that do things differently through disruptive business models.
Thiel believes these companies have the ability to find value in places that other people might not notice. Thiel feels to achieve investing success, investors shouldn’t wait to think big; they should look for high-growth businesses in new industries.
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