Peter Thiel Quotes

he who is not busy being born is busy dying.

disruption has recently transmogrified into a self-congratulatory buzzword for anything posing as trendy and new.

disruption has recently transmogrified into a self-congratulatory buzzword for anything posing as trendy and new. This

But this “spray and pray” approach usually produces an entire portfolio of flops, with no hits at all. This is because venture returns don’t follow a normal distribution overall. Rather, they follow a power law: a small handful of companies radically outperform all others. If you focus on diversification instead of single-minded pursuit of the very few companies that can become overwhelmingly valuable, you’ll miss those rare companies in the first place.

Spreading old ways to create wealth around the world will result in devastation, not riches.

Las compañías disruptivas eligen a menudo batallas que no pueden ganar.

A definite view, by contrast, favors firm convictions. Instead of pursuing many-sided mediocrity and calling it “well-roundedness,” a definite person determines the one best thing to do and then does it. Instead of working tirelessly to make herself indistinguishable, she strives to be great at something substantive — to be a monopoly of one. This is not what young people do today, because everyone around them has long since lost faith in a definite world. No one gets into Stanford by excelling at just one thing, unless that thing happens to involve throwing or catching a leather ball.

Anyone who prefers owning a 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. Equity can’t create perfect incentives, but it’s the best way for a founder to keep everyone in the company broadly aligned.

el capital riesgo empieza a parecerse mucho a comprar billetes de lotería. Y una vez que piensas que estás jugando a la lotería, ya estás preparado psicológicamente para perder.

The actual truth is that there are many more secrets left to find, but they will yield only to relentless searchers.

defining roles reduced conflict. Most fights inside a company happen when colleagues compete for the same responsibilities. Startups face an especially high risk of this since job roles are fluid at the early stages.

En un mundo de escasos recursos, la globalización sin nuevas tecnologías es insostenible.

Monopolists can afford to think about things other than making money; non-monopolists can’t.

Startups operate on the principle that you need to work with other people to get stuff done, but you also need to stay small enough so that you actually can. Positively defined, a startup is the largest group of people you can convince of a plan to build a different future.

The stark differences between man and machine mean that gains from working with computers are much higher than gains from trade with other people. We don’t trade with computers any more than we trade with livestock or lamps. And that’s the point: computers are tools, not rivals.