Competition can make people hallucinate opportunities where none exist. - Peter Thiel

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Competition can make people hallucinate opportunities where none exist.

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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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Additional quotes by Peter Thiel

The total net profit that you earn on average over the course of your relationship with a customer (Customer Lifetime Value, or CLV) must exceed the amount you spend on average to acquire a new customer (Customer Acquisition Cost, or CAC).
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Una buena estrategia empresarial de ventas empieza siendo pequeña, como debe ser: un nuevo cliente puede estar de acuerdo en convertirse en tu mejor cliente, pero rara vez estará a gusto firmando un acuerdo completamente fuera de escala con respecto a lo que has vendido anteriormente.
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