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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.

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
Quickly
Starting
Small
Business
Take
Giant
Markets
Giants

More quotes by Peter Thiel

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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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Society is secretly driven by sales
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Every university…seem[s] to reassure you that ‘it doesn’t matter what you do, as long as you do it well.’ That is completely false. It does matter what you do. You should focus relentlessly at something you’re good at doing, but before that you must think hard about whether it will be valuable in the future.
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There's been a lot companies that have shown zero to one kind of growth in the computer, internet software age. Facebook and Google are zero to one companies. Apple's iPhone was the first smartphone that really works, and of course, then you scale it horizontally, but the vertical component was really critical. Space X would also be one.
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Technology and capitalism are very much linked. I think that capitalism probably works best in a technologically progressing society.
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Great tech opportunities happen only once.
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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.
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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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What valuable company is nobody building?
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Rivalry causes us to overemphasize old opportunities and slavishly copy what has worked in the past.
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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.
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Long-term planning is often undervalued by our indefinite short-term world.
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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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Higher education holds itself out as a kind of universal church, outside of which there is no salvation.
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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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Brilliant thinking is rare, but courage is in even shorter supply than genius.
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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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I think in my twenties I tended to think of all people as sort of more or less alike. In now think that people are really different in all these subtle ways that are very important.
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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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