Higher education is the place where people who had big plans in high school get stuck in fierce rivalries with equally smart peers over conventional … - Peter Thiel

It’s a cliché that tech workers don’t care about what they wear, but if you look closely at those T-shirts, you’ll see the logos of the wearers’ companies — and tech workers care about those very much. What makes a startup employee instantly distinguishable to outsiders is the branded T-shirt or hoodie that makes him look the same as his co-workers. The startup uniform encapsulates a simple but essential principle: everyone at your company should be different in the same way — a tribe of like-minded people fiercely devoted to the company’s mission. Max Levchin, my co-founder

To anticipate likely sources of misalignment in any company, it’s useful to distinguish between three concepts: • Ownership: who legally owns a company’s equity? • Possession: who actually runs the company on a day-to-day basis? • Control: who formally governs the company’s affairs? A typical startup allocates ownership among founders, employees, and investors. The managers and employees who operate the company enjoy possession. And a board of directors, usually comprising founders and investors, exercises control.

las doce compañías tecnológicas más grandes de la actualidad estuvieron en su momento generosamente respaldadas por fondos de capital riesgo. Juntas, esas doce compañías valen más de 2 billones de dólares, más que todo el resto de las compañías tecnológicas juntas.