Peter Thiel Quotes

La mayor parte del valor de una empresa tecnológica se generará a diez o quince años vista.

most new restaurants fail within one or two years,

Kaczynski argumentaba que el hombre moderno está deprimido porque todos los problemas difíciles del mundo ya se han resuelto.

the more people believe in efficiency, the bigger the bubbles get.)

una verdad convencional puede ser importante, es fundamental para aprender matemáticas elementales, por ejemplo — , no te proporcionará ninguna ventaja. No es un secreto.

proprietary technology, network effects, economies of scale, and branding

Watson, Deep Blue, and ever-better machine learning algorithms are cool. But the most valuable companies in the future won’t ask what problems can be solved with computers alone. Instead, they’ll ask: how can computers help humans solve hard problems?

Sales matters just as much as product.

Madness is rare in individuals — but in groups, parties, nations, and ages it is the rule,” Nietzsche wrote (before he went mad).

Todas las compañías fracasadas son iguales: fracasaron por no poder escapar de la competencia.

Proprietary technology is the most substantive advantage a company can have because it makes your product difficult or impossible to replicate. Google’s search algorithms, for example, return results better than anyone else’s.

The total net profit that you earn on average over the course of your relationship with a customer (Customer Lifetime Value, or CLV) must exceed the amount you spend on average to acquire a new customer (Customer Acquisition Cost, or CAC).

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.

Horizontal or extensive progress means copying things that work — going from 1 to n. Horizontal progress is easy to imagine because we already know what it looks like. Vertical or intensive progress means doing new things — going from 0 to 1. Vertical progress is harder to imagine because it requires doing something nobody else has ever done.

instancia. El siguiente gráfico muestra la cruda realidad frente a la homogeneidad relativa percibida: Nuestros resultados en Founders Fund ilustran este sesgado patrón: Facebook, la mejor inversión en nuestro fondo de 2005, fue más rentable que el resto de las compañías juntas. Palantir, la segunda mejor inversión, tendrá una rentabilidad que supera la generada por la suma del resto de las compañías a excepción de Facebook. Este patrón tan irregular no es inusual: lo observamos también en el resto de nuestros fondos.