New Delhi, Jan. 12 -- Billionaire investor Peter Thiel believes that every entrepreneur's goal should be to build a monopoly company. Adding that founders who build a 'one-of-a-kind' company, that's doing something different, can ensure success.

At the 2014-2015 Authors@Wharton Speaker Series on 1 October 2014, Peter Thiel spoke to students and staff of Wharton School of the University of Pennsylvania and discussed his book 'Zero to One: Notes on Starts Ups or How to Build the Future'.

According to the venture capitalist, competition and capitalism are antonyms and in order to succeed, a business needs to fulfil monopoly role in its sector.

The billionaire started-off saying that the "most important distinction" in business that people...