opportunity 148 of 150 Billionaire Peter Theil, one of the founders of Pay Pal, often referred to as the most powerful man in Sillicon Valley, maintains that ‘competition is for losers’. He has written and spoken extensively on this subject. Theil’s point is that the best businesses in the world identify and own a market. […]

opportunity 148 of 150 Billionaire Peter Theil, one of the founders of Pay Pal, often referred to as the most powerful man in Sillicon Valley, maintains that ‘competition is for losers’. He has written and spoken extensively on this subject. Theil’s point is that the best businesses in the world identify and own a market. An active venture capitalist, Theil apparently only invests in start-ups that own their market – albeit a very small market. His proposition is that even if this means targeting a very small market, it is better to own that market. Eliminating the competition might involve: Addressing a very specific market Establishing a product that is truly unique Framing a product in a way that makes it unique Branding a product in a way that makes it unique Theil recommends targeting a small, very well defined market in which the product is tailored to that market…