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Had the people who started Facebook decided to stay at Harvard, they would not have been able to build the company, and by the time they graduated in 2006, that window probably would have come and gone.
Peter Thiel
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Peter Thiel
Age: 56
Born: 1967
Born: October 11
Banker
Chess Player
Computer Scientist
Entrepreneur
Financier
Writer
Frankfurt/Main
Peter Andreas Thiel
Able
Window
Come
Build
Would
Decided
Time
Stay
People
Started
Probably
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Harvard
More quotes by Peter Thiel
In the '30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this productivity growth happening. That's not going to work today.
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What nerds miss is that it takes hard work to make sales look easy.
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I no longer believe that freedom and democracy are compatible.
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When you are starting a new business you don't want to go after giant markets. You want to go after small markets and take over those markets quickly.
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University administrators are the equivalent of subprime mortgage brokers selling you a story that you should go into debt massively, that it's not a consumption decision, it's an investment decision. Actually, no, it's a bad consumption decision. Most colleges are four-year parties.
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People don't want to believe that technology is broken. Pharmaceuticals, robotics, artificial intelligence, nanotechnology - all these areas where the progress has been a lot more limited than people think. And the question is why.
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Moving first is a tactic, not a goal.
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Rivalry causes us to overemphasize old opportunities and slavishly copy what has worked in the past.
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As you craft a plan to expand to adjacent markets, don't disrupt: Avoid competition as much as possible.
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We might describe our world as having retail sanity, but wholesale madness.
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There's a wide range of sales ability: there are many gradations between novices, experts, and masters. There are even sales grandmasters. If you don't know any grandmasters, it's not because you haven't encountered them, but rather because their art is hidden in plain sight.
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The most successful businesses have an idea for the future that's very different from the present.
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No company has a culture every company is a culture.
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What valuable company is nobody building?
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Anti-aging is an extremely under-explored field.
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Under perfect competition, in the long run no company makes an economic profit.
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American government is not dominated by engineers, it is dominated by lawyers. Engineers are interested in substance and building things lawyers are interested in process and rights and getting the ideology correctly blended. And so there is sort of no really concrete plan for the future.
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The developing world can just do things that are extensive or horizontal, that basically copy. The developed world needs to do things that are intensive or vertical, where we take our civilization to the next level.
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A lot of the key to Apple's succes is Designing technology in order to hide it.
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The zero-sum world [the movie The Social Network] portrayed has nothing in common with the Silicon Valley I know, but I suspect it's a pretty accurate portrayal of the dysfunctional relationships that dominate Hollywood.
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