I do tend to think that things that have incredibly long time horizons often do involve market failures. Peter Thiel More Quotes by Peter Thiel More Quotes From Peter Thiel There are only two kinds of businesses in this world: Businesses in crazy competition, and businesses that are one of a kind. Peter Thiel competition crazy two You want to be the last company in a category. Those are the ones that are really valuable. Peter Thiel categories lasts want Every time we create something new we go from zero to one. Peter Thiel something-new zero American government is not dominated by engineers, it is dominated by lawyers. Engineers are interested in substance and building things; lawyers are interested in process and rights and getting the ideology correctly blended. And so there is sort of no really concrete plan for the future. Peter Thiel building-things government rights Superior sales and distribution by itself can create a monopoly, even with no product differentiation. The converse is not true. No matter how strong your product-even if it easily fits into already established habits and anybody who tries it likes it immediately-you must still support it with a strong distribution plan. Peter Thiel support strong trying Never invest in a tech CEO that wears a suit. Peter Thiel ceo suits Moving first is a tactic, not a goal. Peter Thiel tactics goal moving If people were super-optimistic about technology there would be no reason to be pessimistic about the future. Peter Thiel optimistic technology people Probably the most extreme form of inequality is between people who are alive and people who are dead. Peter Thiel form alive people In the most dysfunctional organizations, signaling that work is being done becomes a better strategy for career advancement than actually doing work (if this describes your company, you should quit now). Peter Thiel advancement careers organization Beginning with brand rather than substance is dangerous. Peter Thiel brands dangerous substance Darwinism may be a fine theory in other contexts, but in startups, intelligent design works best. Peter Thiel design-work intelligent may By the time a student gets to college, he's spent a decade curating a bewilderingly diverse résumé to prepare for a completely unknowable future. Come what may, he's ready-for nothing in particular. Peter Thiel students college may There are quite a lot of people who think my aspirations are not possible. That's a good thing. We don't need to really worry about these people very much, because since they don't think it's possible they won't take us very seriously- and they will not actually try to stop us until it's too late. Peter Thiel worry people thinking Recruiting is a core competency for any company. It should never be outsourced. Peter Thiel outsourced company should I'm in favor of free trade, but I think if you had to make a choice between having technological progress versus free trade, you had one or the other, you should always pick technological progress. I think it's an incredibly important variable for creating more prosperity. Peter Thiel creating choices thinking It is sort of a bit of a caricature of capitalism, that it's always this zero-sum game where you have winners and losers. Silicon Valley, the technology industry at its best, creates a situation where everybody can be a winner. Peter Thiel technology zero games Long-term planning is often undervalued by our indefinite short-term world. Peter Thiel planning long world Since 1920, the vast increase in welfare beneficiaries and the extension of the franchise to women - two constituencies that are notoriously tough for libertarians - have rendered the notion of "capitalist democracy" into an oxymoron. Peter Thiel libertarian democracy two 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. Peter Thiel venture successful secret
