Entrepreneurs who understand blitzscaling, he said, approach their companies very differently to the older titans of industry. Companies that blitzscale emphasise growth over efficiency. Practically, this means throwing out the traditional manager’s rule book of optimising spending. Instead, aim for growth, even if it is expensive to do so. Peter Thiel, one of Hoffman’s co-founders at PayPal, also has an ideology that focuses on growth. In Thiel’s view, ‘competition is for losers’.34 He recommends instead that founders identify markets where they are substantially better than any existing
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The cancer model of business.
What it misses, of course, is that cancer cannot outlive its host. If you're draining resources from society, there won't be any buyers or sellers left.
The Universal Paperclip is not just an AI problem.
