Spreading old ways to create wealth around the world will r… - Peter Thiel

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Spreading old ways to create wealth around the world will result in devastation, not riches. In a world of scarce resources, globalization without new technology is unsustainable.

Peter Thiel

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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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Alternative Names: Peter Andreas Thiel • Peter A. Thiel

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If you’ve invented something new but you haven’t invented an effective way to sell it, you have a bad business — no matter how good the product.

If that doesn’t seem dominant enough, consider the fact that the word “google” is now an official entry in the Oxford English Dictionary — as a verb.

So you might ask: are there any fields that matter but haven’t been standardized and institutionalized?

Spreading old ways to create wealth around the world will result in devastation, not riches. In a world of scarce resources, globalization without ne… - Peter Thiel

About Peter Thiel

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