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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
More quotes by Peter Thiel
American government is not dominated by engineers, it is dominated by lawyers. Engineers are interested in substance and building things lawyers are interested in process and rights and getting the ideology correctly blended. And so there is sort of no really concrete plan for the future.
Peter Thiel
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.
Peter Thiel
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).
Peter Thiel
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.
Peter Thiel
The most successful businesses have an idea for the future that's very different from the present.
Peter Thiel
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
There are only two kinds of businesses in this world: Businesses in crazy competition, and businesses that are one of a kind.
Peter Thiel
All failed companies are the same: they failed to escape competition.
Peter Thiel
My own answer to the contrarian question is that most people think the future of the world will be defined by globalization, but the truth is that technology matters more.
Peter Thiel
Under perfect competition, in the long run no company makes an economic profit.
Peter Thiel
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.
Peter Thiel
What valuable company is nobody building?
Peter Thiel
A company does better the less it pays the CEO.
Peter Thiel
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
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
I no longer believe that freedom and democracy are compatible.
Peter Thiel
No company has a culture every company is a culture.
Peter Thiel
What important truth do very few people agree with you on?
Peter Thiel
Great tech opportunities happen only once.
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
