The lawyers I worked with ran a valuable business, and they were impressive individuals one by one. But the relationships between them were oddly thi… - Peter Thiel

Why work with a group of people who don’t even like each other?

The single greatest danger for a founder is to become so certain of his own myth that he loses his mind. But an equally insidious danger for every business is to lose all sense of myth and mistake disenchantment for wisdom.

less than 1% of new businesses started each year in the U.S. receive venture funding, and total VC investment accounts for less than 0.2% of GDP. But the results of those investments disproportionately propel the entire economy. Venture-backed companies create 11% of all private sector jobs.

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