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Customers won’t care about any particular technology unless it solves a particular problem in a superior way. And if you can’t monopolize a unique solution for a small market, you’ll be stuck with vicious competition.

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
Technology
Customers
Particular
Stuck
Small
Solve
Monopolize
Care
Competition
Solves
Problem
Solutions
Vicious
Way
Market
Superior
Unique
Superiors
Unless
Solution

More quotes by Peter Thiel

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Distribution may not matter in fictional worlds, but it matters in most. The Field of Dreams conceit is especially popular in Silicon Valley, where engineers are biased toward building cool stuff rather than selling it. But customers will not come just because you build it. You have to make this happen, and it's harder than it looks.
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Every university…seem[s] to reassure you that ‘it doesn’t matter what you do, as long as you do it well.’ That is completely false. It does matter what you do. You should focus relentlessly at something you’re good at doing, but before that you must think hard about whether it will be valuable in the future.
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Long-term planning is often undervalued by our indefinite short-term world.
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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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If people were super-optimistic about technology there would be no reason to be pessimistic about the future.
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Every business is successful exactly to the extent that it does something others cannot.
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What nerds miss is that it takes hard work to make sales look easy.
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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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Anti-aging is an extremely under-explored field.
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In a world where wealth is growing, you can get away with printing money. Doubling the debt over the next 20 years is not a problem.
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No company has a culture every company is a culture.
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Of the six people who started PayPal, four had built bombs in high school.
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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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Big part of the challenge to innovation is that people too easily resign themselves to dying.
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There are many more secrets in the world that are waiting to be found. The question of how many secrets exist in our world is roughly equivalent to how many startups people should start.
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What important truth do very few people agree with you on?
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In the most dysfunctional organizations, signaling that work is being done becomes a better strategy for career advancement than actually doing work (if this describes your company, you should quit now).
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All failed companies are the same: they failed to escape competition.
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A company does better the less it pays the CEO.
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People working on bigger ideas on a more protracted timeline will be more on the stealth side. They aren’t releasing new PR announcements every day. The bigger the secret and the likelier it is that you alone have it, the more time you have to execute. There may be far more people going after hard secrets than we think.
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