Quote

Anyone who prefers owning part of your company to being paid in cash reveals a preference for the long term and a commitment to increasing your company's value in the future.

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
Long
Paid
Value
Prefers
Company
Owning
Term
Reveals
Anyone
Preference
Values
Increasing
Future
Cash
Part
Commitment

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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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There are still many large white spaces on the map of human knowledge. You can go discover them. So do it. Get out there and fill in the blank spaces. Every single moment is a possibility to go to these new places and explore them.
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The something of somewhere is mostly just the nothing of nowhere.
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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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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.
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Every business is successful exactly to the extent that it does something others cannot.
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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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What nerds miss is that it takes hard work to make sales look easy.
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Of the six people who started PayPal, four had built bombs in high school.
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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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Big part of the challenge to innovation is that people too easily resign themselves to dying.
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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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Rivalry causes us to overemphasize old opportunities and slavishly copy what has worked in the past.
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Anti-aging is an extremely under-explored field.
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Great tech opportunities happen only once.
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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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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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In the U.S., we fundamentally need to do new things, which I think is harder for the government to do. And moreover, it is not something our government actually is inclined to particularly do.
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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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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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