small groups of people bound together by a sense of mission have changed the world for the better. - Peter Thiel

It was much easier to reach a few thousand people who really needed our product than to try to compete for the attention of millions of scattered individuals.

The government used to be able to coordinate complex solutions to problems like atomic weaponry and lunar exploration. But today, after 40 years of indefinite creep, the government mainly just provides insurance; our solutions to big problems are Medicare, Social Security, and a dizzying array of other transfer payment programs. It’s no surprise that entitlement spending has eclipsed discretionary spending every year since 1975. To increase discretionary spending we’d need definite plans to solve specific problems. But according to the indefinite logic of entitlement spending, we can make things better just by sending out more checks.

If you’ve invented something new but you haven’t invented an effective way to sell it, you have a bad business — no