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The most successful businesses have an idea for the future that's very different from the present.
Peter Thiel
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Peter Thiel
Age: 57
Born: 1967
Born: October 11
Banker
Chess Player
Computer Scientist
Entrepreneur
Financier
Writer
Frankfurt/Main
Peter Andreas Thiel
Idea
Ideas
Different
Businesses
Present
Successful
Future
More quotes by Peter Thiel
Great tech opportunities happen only once.
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Every business is successful exactly to the extent that it does something others cannot.
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Competition is overrated. In practice it is quite destructive and should be avoided wherever possible. Much better than fighting for scraps in existing markets is to create and own new ones.
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Thinking about how disturbingly herdlike people become in so many different contexts - mimetic theory forces you to think about that, which is knowledge that's generally suppressed and hidden. As an investor-entrepreneur, I've always tried to be contrarian, to go against the crowd, to identify opportunities in places where people are not looking.
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Brilliant thinking is rare, but courage is in even shorter supply than genius.
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You'll attract the employees you need if you can explain why your mission is compelling: not why it's important in general, but why you're doing something important that no one else is going to get done.
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Consider the trivial but revealing hallmarks of urban hipsterdom: faux vintage photography, the handlebar mustache, and vinyl record players all hark back to an earlier time when people were still optimistic about the future. If everything worth doing has already been done, you may as well feign an allergy to achievement and become a barista.
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Under perfect competition, in the long run no company makes an economic profit.
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A company does better the less it pays the CEO.
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No company has a culture every company is a culture.
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I think somehow people should be encouraged to think about a very long time horizon and I think this is true for businesses, it's true for governments and it's true for people doing things in the non-profit sector.
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Big part of the challenge to innovation is that people too easily resign themselves to dying.
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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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If you think about basic science or coming up with new theories of mathematics, these are not the kinds of things which are necessarily a well-defined market to pay people.
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Moving first is a tactic, not a goal.
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If you can identify a delusional popular belief, you can find what lies hidden behind it: the contrarian truth.
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The something of somewhere is mostly just the nothing of nowhere.
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I think anything that requires real global breakthroughs requires a degree of intensity and sustained effort that cannot be done part time, so it's something you have to do around the clock, and that doesn't compute with our existing educational system.
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I'm skeptical of a lot of what falls under the rubric of education.... People are on these tracks. They are getting these credentials and it's very unclear how viable they are in many cases.
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I think in my twenties I tended to think of all people as sort of more or less alike. In now think that people are really different in all these subtle ways that are very important.
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