Three Steps to creating a truly valuable tech company

There are three steps to creating a truly valuable tech company. 

1. First, you want to find, create, or discover a new market. 
• start with a small, specific market 
• focus on getting to product/market fit
2. Second, you monopolize that market
•  through some combination of brand, scale cost advantages, network effects, or proprietary technology
3. Then you figure out how to expand that monopoly over time. 

Reference:

• http://blakemasters.com/post/21169325300/peter-thiels-cs183-startup-class-4-notes-essay
• http://www.ashmaurya.com/2009/11/achievingproductmarketfit/