Competition is for Losers
This statement is from a Peter Thiel interview. Peter Thiel is a founder of Paypal, investor in Facebook and many other technology startups. Mr. Thiel is talking about entrepreneurs and businesses and that you want to create a unique company and dominate your market space. I have just finished a manuscript for a non-fiction book that makes this point from an economy wide point of view. Wealth is not created by manufacturing undifferentiated, me-too products, it is created by new technologies. There is no contradiction between what is good for the economy and what is good for an entrepreneur, despite the statement of economists on perfect competition.
One of Peter Thiel’s interview questions is tell me something you know to be true that no one else knows is true? How would you answer that question?
My answer is that the source of real per capita growth is inventions and patents, property rights in inventions, are the key to stimulating people to invent, resulting in the Industrial Revolution and our present standard of living.
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About
This blog is devoted to intellectual property innovation, patent law and innovation. The moderator, editor, and main 
author is Dale B. Halling. Mr. Halling is patent attorney and entrepreneur. As a patent attorney, Mr. Halling, has represented numerous Fortune 500 companies including, McDonnell Douglas, Boeing, Motorola, Ameritech, SBC, MCI, Cypress, and numerous technology start-ups. He has helped his clients obtain patents worldwide. Mr. Halling has a BS in Electrical Engineering from Kansas State University, an MS in Physics from the University of Texas at Dallas and a JD from St. Louis University. Mr. Halling is the author of the book “The Decline and Fall of the American Entrepreneur: How Little Known Laws are Killing Innovation.”
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