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As you craft a plan to expand to adjacent markets, don't disrupt: Avoid competition as much as possible.
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
Craft
Crafts
Avoid
Competition
Plan
Adjacent
Plans
Disrupt
Possible
Expand
Much
Markets
More quotes by Peter Thiel
There is perhaps no specific time that is necessarily right to start your company or start your life. But some times and some moments seem more auspicious than others. Now is such a moment. If we don’t take charge and usher in the future - if you don’t take charge of your life - there is the sense that no one else will.
Peter Thiel
Anti-aging is an extremely under-explored field.
Peter Thiel
Under perfect competition, in the long run no company makes an economic profit.
Peter Thiel
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
A startup is the largest endeavor over which you can have definite mastery. You can have agency not just over your own life, but over a small and important part of the world. It begins by rejecting the unjust tyranny of Chance. You are not a lottery ticket.
Peter Thiel
Rivalry causes us to overemphasize old opportunities and slavishly copy what has worked in the past.
Peter Thiel
There are only two kinds of businesses in this world: Businesses in crazy competition, and businesses that are one of a kind.
Peter Thiel
We might describe our world as having retail sanity, but wholesale madness.
Peter Thiel
Technology and capitalism are very much linked. I think that capitalism probably works best in a technologically progressing society.
Peter Thiel
The best entrepreneurs know this: every great business is built around a secret that’s hidden from the outside. A great company is a conspiracy to change the world when you share your secret, the recipient becomes a fellow conspirator.
Peter Thiel
If you can identify a delusional popular belief, you can find what lies hidden behind it: the contrarian truth.
Peter Thiel
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
The most successful businesses have an idea for the future that's very different from the present.
Peter Thiel
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.
Peter Thiel
Of the six people who started PayPal, four had built bombs in high school.
Peter Thiel
I believe we are in a world where innovation in stuff was outlawed. It was basically outlawed in the last 40 years - part of it was environmentalism, part of it was risk aversion.
Peter Thiel
What valuable company is nobody building?
Peter Thiel
The something of somewhere is mostly just the nothing of nowhere.
Peter Thiel
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.
Peter Thiel
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.
Peter Thiel
