What nerds miss is that it takes hard work to make sales look easy. - Peter Thiel

los capitalistas de riesgo normalmente dedican incluso más tiempo a las compañías más problemáticas que a aquellas susceptibles de un éxito evidente.

Identity is a very strange concept. It can mean two opposite things. It can mean that which makes you unique and it can mean that which makes you identical.

There are all these different experiences people have. There is an African American experience, there is a women’s experience, there is a gay experience… You don’t want to pretend that it does not exist and you don’t want to make it all-important. It is very hard for us to find the right way to talk about this.

As a gay person I don’t want to be in the closet, but I also don’t want to be in the ghetto. The closet and the ghetto are exclusive – those are two different possibilities – but I hope they are not exhaustive, that those are not the only two.

The perfect target market for a startup is a small group of particular people concentrated together and served by few or no competitors. Any big market is a bad choice, and a big market already served by competing companies is even worse. This is why it’s always a red flag when entrepreneurs talk about getting 1% of a $100 billion market. In practice, a large market will either lack a good starting point or it will be open to competition, so it’s hard to ever reach that 1%. And even if you do succeed in gaining a small foothold, you’ll have to be satisfied with keeping the lights on: cutthroat competition means your profits will be zero.