And it does not include any cost for setting up production. This estimate includes only $2,000 for engineering, implying that your invention only requires about half a week of engineering labor. Meanwhile, to elaborate on Thiel’s point that individuals don’t usually have the resources to develop revolutionary inventions, financial consultants estimate that it takes a minimum of about $25,000 to develop a new invention. According to Christensen, revolutionary innovations typically start out in markets that are too small to interest established companies, though they can grow exponentially from there. This summary will teach you how you can use these ten principles to think more innovatively and create new ideas.In The Innovator’s Dilemma, Clayton Christensen elaborates on Thiel’s observation that established companies seldom create revolutionary technologies. ![]() To help you, the authors detail ten key concepts to keep in mind: Real innovation means going from zero to one, creating a completely new thing that hasn't been seen before. ![]() According to Thiel and Masters, this isn’t innovation at all. This complete summary of the ideas from Peter Thiel and Blake Masters' book `Zero to One` shows how many companies believe the key to innovation is improving things that already exist. The must-read summary of Peter Thiel and Blake Masters' book: `Zero to One: Notes on Startups, or How to Build the Future`.
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