As a good rule of thumb, proprietary technology must be at least 10 times better than its closest substitute in some important dimension to lead to a… - Peter Thiel

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As a good rule of thumb, proprietary technology must be at least 10 times better than its closest substitute in some important dimension to lead to a real monopolistic advantage.

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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.

Biography information from Wikiquote

Also Known As

Alternative Names: Peter Andreas Thiel Peter A. Thiel
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