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There are only two kinds of businesses in this world: Businesses in crazy competition, and businesses that are one of a kind.

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
Competition
Crazy
Two
Kind
World
Businesses
Kinds

More quotes by Peter Thiel

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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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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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A lot of the key to Apple's succes is Designing technology in order to hide it.
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Rivalry causes us to overemphasize old opportunities and slavishly copy what has worked in the past.
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I think we have a bubble in the US in government bonds, because of the quantitative easing and the negative real interest rates, and to some extent, that increases asset values across the board, including in startups.
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A true bubble is when something is overvalued and intensely believed. Education may be the only thing people still believe in in the United States. To question education is really dangerous. It is the absolute taboo. It's like telling the world there's no Santa Claus.
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The business model piece is we're always talking about competing more effectively. If you're starting a company or career you don't want to compete. You want to create a monopoly. We want to invest in a company that has a good plan to create a monopoly.
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No company has a culture every company is a culture.
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The something of somewhere is mostly just the nothing of nowhere.
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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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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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Technology is probably the single biggest driver of productivity gains for the developed countries. For example, I think it's much more important than free trade.
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Higher education holds itself out as a kind of universal church, outside of which there is no salvation.
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Never invest in a tech CEO that wears a suit.
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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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Of the six people who started PayPal, four had built bombs in high school.
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Moving first is a tactic, not a goal.
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Every business is successful exactly to the extent that it does something others cannot.
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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.
Peter Thiel
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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.
Peter Thiel