If your product requires advertising or salespeople to sell it, it’s not good enough: technology is primarily about product development, not distribu… - Peter Thiel

If your product requires advertising or salespeople to sell it, it’s not good enough.

Facebook, the best investment in our 2005 fund, returned more than all the others combined. Palantir, the second-best investment, is set to return more than the sum of every other investment aside from Facebook. This highly uneven pattern is not unusual: we see it in all our other funds as well. The biggest secret in venture capital is that the best investment in a successful fund equals or outperforms the entire rest of the fund combined.

it does something others cannot.

El tiempo y la toma de decisiones siguen por sí solos una ley potencial, y algunos momentos importan mucho más que otros;