You're being downvoted but you're right. I won't defend Thiel in general but that particular point is a bit taken out of context.
There's a talk somewhere ont the internet where he explains that you don't want to build a do-it-all product, at least not right away. Don't compete with everyone for everything. Find a more niche market where you can have a monopoly, get comfortable, then you branch out, diversity, and tackle broader markets.
There's a talk somewhere ont the internet where he explains that you don't want to build a do-it-all product, at least not right away. Don't compete with everyone for everything. Find a more niche market where you can have a monopoly, get comfortable, then you branch out, diversity, and tackle broader markets.