Peter Thiel Quotes

in a democratic society, a wrongful practice persists only when most people don’t perceive it to be unjust.

Los inversores esperan que Twitter sea capaz de capturar beneficios de monopolio durante la siguiente década, mientras que los días del monopolio de los periódicos han acabado.

The perfect target market for a startup is a small group of particular people concentrated together and served by few or no competitors.

Every company starts in unique circumstances, and every company starts only once.

A new company’s most important strength is new thinking: even more important than nimbleness, small size affords space to think.

Finance epitomizes indefinite thinking because it's the only way to make money when you have no idea how to create wealth.

El retorno del diseño ¿Qué significaría priorizar el diseño sobre el azar?

if you want to create and capture lasting value, don’t build an undifferentiated commodity business.

The convergence of desire is even more obvious at the top: all oligarchs have the same taste in Cristal, from Petersburg to Pyongyang.

Network effects can be powerful, but you’ll never reap them unless your product is valuable to its very first users when the network is necessarily small.

a great business is defined by its ability to generate cash flows in the future.

competition is an ideology — the ideology — that pervades our society and distorts our thinking. We preach competition, internalize its necessity, and enact its commandments; and as a result, we trap ourselves within it — even though the more we compete, the less we gain.

However, even a great mission is not enough. The kind of recruit who would be most engaged as an employee will also wonder: “Are these the kind of people I want to work with?” You should be able to explain why your company is a unique match for him personally. And if you can’t do that, he’s probably not the right match.

Today’s companies have an insatiable appetite for data, mistakenly believing that more data always creates more value. But big data is usually dumb data.

However, for equity to create commitment rather than conflict, you must allocate it very carefully. Giving everyone equal shares is usually a mistake: every individual has different talents and responsibilities as well as different opportunity costs, so equal amounts will seem arbitrary and unfair from the start. On the other hand, granting different amounts up front is just as sure to seem unfair. Resentment at this stage can kill a company, but there’s no ownership formula to perfectly avoid it.