Any big market is a bad choice, and a big market already se… - Peter Thiel

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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.

Peter Thiel

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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.

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Alternative Names: Peter Andreas Thiel • Peter A. Thiel

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Additional quotes by Peter Thiel

However, anyone who doesn’t own stock options or draw a regular salary from your company is fundamentally misaligned. At the margin, they’ll be biased to claim value in the near term, not help you create more in the future. That’s why hiring consultants doesn’t work. Part-time employees don’t work.

our surroundings are strangely old: only computers and communications have improved dramatically since midcentury.

PayPal, por ejemplo, hizo que las compras y las ventas de eBay fueran diez veces mejores.

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 entrepr… - Peter Thiel

About Peter Thiel

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Additional quotes by Peter Thiel