Everybody should have known that the mania was unsustainable; the most “successful” companies seemed to embrace a sort of anti-business model where t… - Peter Thiel

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Everybody should have known that the mania was unsustainable; the most “successful” companies seemed to embrace a sort of anti-business model where they lost money as they grew.

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About Peter Thiel

Peter Andreas Thiel (born 11 October 1967) is a German-American billionaire entrepreneur, hedge fund manager, venture capitalist, philanthropist, political activist, and author. A co-founder of PayPal, Palantir Technologies, and Founders Fund, he was the first outside investor in Facebook.

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Also Known As

Alternative Names: Peter Andreas Thiel • Peter A. Thiel
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Max Levchin, my co-founder at PayPal, says that startups should make their early staff as personally similar as possible. Startups have limited resources and small teams. They must work quickly and efficiently in order to survive, and that’s easier to do when everyone shares an understanding of the world.
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A startup is the largest endeavor over which you can have definite mastery. You can have agency not just over your own life, but over a small and important part of the world. It begins by rejecting the unjust tyranny of Chance. You are not a lottery ticket.
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