Peter Thiel: Disruption applies to Existing Industries

Source: Business Insider, Sep 2014

The concept [of disruption] was coined to describe threats to incumbent companies, so startups’ obsession with disruption means they see themselves through older firms’ eyes…

But if you truly want to make something new, the act of creation is far more important than the old industries that might not like what you create.

Indeed, if your company can be summed up by its opposition to already existing firms, it can’t be completely new and it’s probably not going to become a monopoly.

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