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Dr Chris Harper
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Book review - zero to one by Peter Thiel

1/25/2017

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Background
Peter Thiel is an American Entrepreneur and hedge fund manager who has done very well in the tech industry having co-founded Paypal in 1999 which went on to be sold to eBay in 2002 for $1.5 billion. He then founded Palantir a data analysis company which serves the CIA and is currently worth $20 billion. He was also the first outside investor in Facebook buying a 10% share for $500,000 some of which has been sold which netted him over $1 billion and he still has $600 million left in shares at their current value. His personal net worth is estimated at $2.7 billion according to Forbes magazine.
This book is his textbook about how to create a start-up business largely aimed at the tech industry but there is a lot of relevance to all sectors including dentistry.
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Review
I found the audiobook version of this book via my local library on the overdrive app. It has been read by Blake Masters who was a student of Peter Thiel. If you are interested in this book I would probably personally recommending reading the physical book rather than listening to this audio version as some aspects are quite technical and Blake Masters has quite a monotonous voice occasionally making it difficult to keep my attention.
This book is very in depth. It covers a lot of elements including the various philosophies of business past present and future, essential understanding of business past history in the tech industry and how to hire and keep staff appropriate for your business.

Relevance to dentistry
This can probably best be explained by summarising chapter 13 in which the book explains 7 critical questions that any company founder should be able to answer about their vision to give them a clear idea of whether they may be successful or not.
These questions are:
  1. Engineering. Is your product 10x better than anyone elses?
  2. Timing. Is now the right time for your business to start?
  3. Monopoly. Will you be able to dominate a market or will competition drive away all your profits?
  4. People. Do you have the right team to help you succeed.
  5. Distribution. Even if your product is great will people be able to access it? How will you advertise it?
  6. Durability. Will you still be thriving in 10-20 years time?
  7. Secrets. Have you discovered something no-one else has that will give your company and advantage?


If you want a more thorough explanation of the questions without reading the look here:
http://blog.hypeinnovation.com/peter-thiels-7-questions-for-product-innovation

While this book is aimed at the tech industry I found it fascinating and there were many points that made perfect sense to me as a passionate dentist
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