Aarav Makan Aarav Makan

Hii Guys, this is just a music that I played on Piano by myself. I just loved so I thought to share it with you all. The sound quality is not very good. But yeah I loved It. Thanks for Listening it.

In the few sections of this second chapter author has shared some of the history with us like what happened at the time of 90s.


Then he shared Dot-Com Mania from 1998 to March 2000. Then the Dot-Com Boom. 


Now starts the PayPal Mania in which author shares his experiences of starting his company PayPal. The Book is itself written by the owner of PayPal Mr. PETER THIEL.


Peter Theil shares us the Lessons which he learnt during the phase.


LESSONS LEARNED 

Do you know at that time Globalisation was replaced by technology as the hope for the future.

And silicon valley became an IT Hub.


Peter Theil shares 4 Big Lessons which he Learned from the Dot-Com crash.


1. Make Incremental Advances.

2. Stay Lean and Flexible. 

3. Improve on the Competition. 

4. Focus on the Product not on sales.

The Challenge of the Future.

Book explains that the biggest challange of the future is Creating and Building New and Innovative things in order to survive on this Planet.

The Future of Progress.

The Progress can be of two forms. Horizontal or Extensive Progress and Vertical Progress or Intensive Progress. 


Author explains this simply by a graph in which he mentions that While going Horizontally,  we are copying things from other that works. And while going Vertically, we are building and doing new things which were never done before. 

Globalisation is an example of Horizontal progress, taking things that work somewhere and making them work everywhere. 


Technology is an example of vertical progress.


Both of these are different modes of progress, it's possible to have both, either, or neither at the same time.


Now Spreading old ways to create wealth around the world will result in devastation, not riches. In a world of scarce resources, globalisation without new technology is unsustainable.


Startup Thinking.
50% of the population who don't know what they will pursue in future says that they will open a startup or Company without knowing what really it means.


A startup is the largest group of people you can convince of a plan to build a different future.


Book explains that Startups operate on the principle that you need to work with other people to get stuff done, but you also need to stay small enough so that you actually can.

What a Startup has to do?

Question received ideas and rethink business from scratch.