So why are economists obsessed with competition as an ideal state? It’s a relic of history. - Peter Thiel

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Engraved portrait of Peter Thiel, facing right

So why are economists obsessed with competition as an ideal state? It’s a relic of history.

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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 · Portrait adapted from Wikimedia Commons, Gage Skidmore (CC BY-SA)

Also Known As

Alternative Names: Peter Andreas Thiel • Peter A. Thiel
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less than 1% of new businesses started each year in the U.S. receive venture funding, and total VC investment accounts for less than 0.2% of GDP. But the results of those investments disproportionately propel the entire economy. Venture-backed companies create 11% of all private sector jobs.
Zero to One: Notes on Startups, or How to Build the Future Verified in 1 source Sign up to see the complete provenance
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