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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
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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
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More quotes by Peter Thiel
There's a wide range of sales ability: there are many gradations between novices, experts, and masters. There are even sales grandmasters. If you don't know any grandmasters, it's not because you haven't encountered them, but rather because their art is hidden in plain sight.
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As you craft a plan to expand to adjacent markets, don't disrupt: Avoid competition as much as possible.
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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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Great tech opportunities happen only once.
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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.
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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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All failed companies are the same: they failed to escape competition.
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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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If you can identify a delusional popular belief, you can find what lies hidden behind it: the contrarian truth.
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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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Education needs to be rethought. Education does not just happen in college, but it also happens in developing skills which will enable people to contribute to our society as a whole.
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Big part of the challenge to innovation is that people too easily resign themselves to dying.
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Brilliant thinking is rare, but courage is in even shorter supply than genius.
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Under perfect competition, in the long run no company makes an economic profit.
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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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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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Of the six people who started PayPal, four had built bombs in high school.
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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.
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No company has a culture every company is a culture.
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