0 to 1.
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zero to one
Just other day, I was reading about this eye — opening book called ‘Zero To One’ by this guy co-written by this guy called Peter Thiel and Blake Masters.
YES THAT PETER THIEL — The billionaire, Silicon Valley Legend, Founder of Paypal, Palantir, Founders Fund, Thiel Fellow. you may know him as the guy who was the first outside investor in Facebook (that made that $500K investment)
There is a chapter in the book about Power Laws, where Thiel emphasizes that not all companies are created equal, and the distribution of outcomes in the business world follows a power law.
The power law suggests that a small number of companies will generate the majority of the value and impact in a particular industry. In other words, a handful of exceptional companies will outperform and outscale the rest.
So if you are a fintech founder (or even trying to start your own thing or investing early), do one, crucial thing:
Build a highly differentiated product — make it so difficult to replicate or build that the closest substitute does not even come far. Since this a fintech newsletter, fintechs should focus on implementing generative AI especially in the fraud and identity verification space: ( Honestly any business that. is not investing in AI is missing out)
and as promised:
Sales Development Manager at Stripe
Technical Client Service Associate at Access Fintech
Originally published at https://aatish.substack.com.
