Peter Thiel

Peter Thiel

Peter Andreas Thiel is an American entrepreneur, venture capitalist, philanthropist, political activist, and author. He was ranked No. 4 on the Forbes Midas List of 2014, with a net worth of $2.2 billion, and No. 246 on the Forbes 400 in 2016, with a net worth of $2.7 billion. He co-founded PayPal in 1999, and served as chief executive officer until its sale to eBay in 2002 for $1.5 billion.

97 Quotes

"Monopoly is the condition of every successful business."
Peter Thiel
"I think in my twenties I tended to think of all people as sort of more or less alike. In now think that people are really different in all these subtle ways that are very important."
Peter Thiel
"A startup is the largest endeavor over which you can have definite mastery. You can have agency not just over your own life, but over a small and important part of the world. It begins by rejecting the unjust tyranny of Chance. You are not a lottery ticket."
Peter Thiel
"The most contrarian thing of all is not to oppose the crowd but to think for yourself."
Peter Thiel
"A company does better the less it pays the CEO."
Peter Thiel
"Whatever the career, sales ability distinguishes superstars from also-rans."
Peter Thiel
"In a world of scarce resources, globalization without new technology is unsustainable."
Peter Thiel
"Darwinism may be a fine theory in other contexts, but in startups, intelligent design works best."
Peter Thiel
"The something of somewhere is mostly just the nothing of nowhere."
Peter Thiel
"If your product requires advertising or salespeople to sell it, it’s not good enough: technology is primarily about product development, not distribution."
Peter Thiel
"I believe we are in a world where innovation in stuff was outlawed. It was basically outlawed in the last 40 years – part of it was environmentalism, part of it was risk aversion."
Peter Thiel
"There are many more secrets in the world that are waiting to be found. The question of how many secrets exist in our world is roughly equivalent to how many startups people should start."
Peter Thiel
"Today’s best practices lead to dead ends; the best paths are new and untried."
Peter Thiel
"A true bubble is when something is overvalued and intensely believed. Education may be the only thing people still believe in in the United States. To question education is really dangerous. It is the absolute taboo. It’s like telling the world there’s no Santa Claus."
Peter Thiel
"The road doesn’t have to be infinite after all. Take the hidden paths."
Peter Thiel
"Every moment in business happens only once. The next Bill Gates will not build an operating system. The next Larry Page or Sergey Brin won’t make a search engine. And the next Mark Zuckerberg won’t create a social network. If you are copying these guys, you aren’t learning from them."
Peter Thiel
"All Rhodes Scholars had a great future in their past."
Peter Thiel
"No company has a culture, every company is a culture."
Peter Thiel
"Never invest in a tech CEO that wears a suit."
Peter Thiel
"I do tend to think that things that have incredibly long time horizons often do involve market failures."
Peter Thiel
"You’ll attract the employees you need if you can explain why your mission is compelling: not why it’s important in general, but why you’re doing something important that no one else is going to get done."
Peter Thiel
"Every time we create something new we go from zero to one."
Peter Thiel
"Luck is like an atheistic word for God..."
Peter Thiel
"Great tech opportunities happen only once."
Peter Thiel
"What valuable company is nobody building?"
Peter Thiel
"Technology is probably the single biggest driver of productivity gains for the developed countries. For example, I think it’s much more important than free trade."
Peter Thiel
"Your mind is software. Program it. Your body is a shell. Change it. Death is a disease. Cure it. Extinction is approaching. Fight it."
Peter Thiel
"Technology and capitalism are very much linked. I think that capitalism probably works best in a technologically progressing society."
Peter Thiel
"Every tech story is different. Every moment in history happens only once. All successful companies are successful in their own unique way. It’s your task to figure out what that future history will be."
Peter Thiel
"Brilliant thinking is rare, but courage is in even shorter supply than genius."
Peter Thiel
"Winning is better than losing, but everybody loses when the war isn’t one worth fighting."
Peter Thiel
"My own answer to the contrarian question is that most people think the future of the world will be defined by globalization, but the truth is that technology matters more."
Peter Thiel
"Today’s ‘best practices’ lead to dead ends; the best paths are new and untried."
Peter Thiel
"Had the people who started Facebook decided to stay at Harvard, they would not have been able to build the company, and by the time they graduated in 2006, that window probably would have come and gone."
Peter Thiel
"Customers won’t care about any particular technology unless it solves a particular problem in a superior way. And if you can’t monopolize a unique solution for a small market, you’ll be stuck with vicious competition."
Peter Thiel
"What important truth do very few people agree with you on?"
Peter Thiel
"As you craft a plan to expand to adjacent markets, don’t disrupt: Avoid competition as much as possible."
Peter Thiel
"I no longer believe that freedom and democracy are compatible."
Peter Thiel
"Long-term planning is often undervalued by our indefinite short-term world."
Peter Thiel
"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
"There are still many large white spaces on the map of human knowledge. You can go discover them. So do it. Get out there and fill in the blank spaces. Every single moment is a possibility to go to these new places and explore them."
Peter Thiel
"Competition is overrated. In practice it is quite destructive and should be avoided wherever possible. Much better than fighting for scraps in existing markets is to create and own new ones."
Peter Thiel
"Rivalry causes us to overemphasize old opportunities and slavishly copy what has worked in the past."
Peter Thiel
"The most successful businesses have an idea for the future that’s very different from the present."
Peter Thiel
"People don’t want to believe that technology is broken. Pharmaceuticals, robotics, artificial intelligence, nanotechnology – all these areas where the progress has been a lot more limited than people think. And the question is why."
Peter Thiel
"As an investor-entrepreneur, I’ve always tried to be contrarian, to go against the crowd, to identify opportunities in places where people are not looking."
Peter Thiel
"We wanted flying cars, instead we got 140 characters."
Peter Thiel
"First, only invest in companies that have the potential to return the value of the entire fund."
Peter Thiel
"If people were super-optimistic about technology there would be no reason to be pessimistic about the future."
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
"In a world where wealth is growing, you can get away with printing money. Doubling the debt over the next 20 years is not a problem."
Peter Thiel
"Anyone who prefers owning part of your company to being paid in cash reveals a preference for the long term and a commitment to increasing your company’s value in the future."
Peter Thiel
"Moving first is a tactic, not a goal."
Peter Thiel
"I think somehow people should be encouraged to think about a very long time horizon and I think this is true for businesses, it’s true for governments and it’s true for people doing things in the non-profit sector."
Peter Thiel
"Every business is successful exactly to the extent that it does something others cannot."
Peter Thiel
"What nerds miss is that it takes hard work to make sales look easy."
Peter Thiel
"Value investors look at cash flows. If a company can maintain present cash flows for 5 or 6 years, it’s a good investment. Investors then just hope that those cash flows – and thus the company’s value – don’t decrease faster than they anticipate."
Peter Thiel
"Society is secretly driven by sales."
Peter Thiel
"Education needs to be rethought. Education does not just happen in college, but it also happens in developing skills which will enable people to contribute to our society as a whole."
Peter Thiel
"We need more pessimism that the future might be a lot worse, and we need more optimism that the future might be better."
Peter Thiel
"For Hamlet, greatness means willingness to fight for reasons as thin as an eggshell: anyone would fight for things that matter; true heroes take their personal honor so seriously they will fight for things that don’t matter."
Peter Thiel
"If you can identify a delusional popular belief, you can find what lies hidden behind it: the contrarian truth."
Peter Thiel
"It’s a horribly mismanaged company-probably a lot of pot smoking going on there."
Peter Thiel
"Probably the most extreme form of inequality is between people who are alive and people who are dead."
Peter Thiel
"We cannot take for granted that the future will be better, and that means we need to work to create it today."
Peter Thiel
"In the developed world, technological progress means that you can have a situation where there’s growth, where there’s a way in which everybody can be better off over time."
Peter Thiel
"Anti-aging is an extremely under-explored field."
Peter Thiel
"Secrets are hard but solvable problems and we should talk about them. It’s hard to work toward a radically better future if you don’t believe in secrets."
Peter Thiel
"In the world of business, at least, Shakespeare proves the superior guide. Inside a firm, people become obsessed with their competitors for career advancement. Then the firms themselves become obsessed with their competitors in the marketplace. Amid all the human drama, people lose sight of what matters and focus on their rivals instead."
Peter Thiel
"We might describe our world as having retail sanity, but wholesale madness."
Peter Thiel
"All failed companies are the same: they failed to escape competition."
Peter Thiel
"You want to be the last company in a category. Those are the ones that are really valuable."
Peter Thiel
"Of the six people who started PayPal, four had built bombs in high school."
Peter Thiel
"Recruiting is a core competency for any company. It should never be outsourced."
Peter Thiel
"Big part of the challenge to innovation is that people too easily resign themselves to dying."
Peter Thiel
"The most fundamental reason that even businesspeople underestimate the importance of sales is the systematic effort to hide it at every level of every field in a world secretly driven by it."
Peter Thiel
"The developing world can just do things that are extensive or horizontal, that basically copy. The developed world needs to do things that are intensive or vertical, where we take our civilization to the next level."
Peter Thiel
"If you think your initial market might be too big, it almost certainly is."
Peter Thiel
"When you are starting a new business you don’t want to go after giant markets. You want to go after small markets and take over those markets quickly."
Peter Thiel
"The best entrepreneurs know this: every great business is built around a secret that’s hidden from the outside. A great company is a conspiracy to change the world; when you share your secret, the recipient becomes a fellow conspirator."
Peter Thiel
"In the ’30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this productivity growth happening. That’s not going to work today."
Peter Thiel
"If they don’t go to law school, bright college graduates head to Wall Street precisely because they have no real plan for their careers."
Peter Thiel
"Under perfect competition, in the long run no company makes an economic profit."
Peter Thiel
"A lot of the key to Apple’s succes is Designing technology in order to hide it."
Peter Thiel
"Beginning with brand rather than substance is dangerous."
Peter Thiel
"Higher education holds itself out as a kind of universal church, outside of which there is no salvation."
Peter Thiel
"In the most dysfunctional organizations, signaling that work is being done becomes a better strategy for career advancement than actually doing work."
Peter Thiel
"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
"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
"A good startup should have the potential for great scale built into its first design."
Peter Thiel
"The idea of becoming an entrepreneur is something that is not taught very well in school and is something that people should try to do earlier on."
Peter Thiel
"If you focus on near-term growth above all else, you miss the most important question you should be asking: will this business still be around a decade from now?"
Peter Thiel
"Everybody has a product to sell – no matter whether you’re an employee, a founder, or an investor. It’s true even if your company consists of just you and your computer. Look around. If you don’t see any salespeople, you’re the salesperson."
Peter Thiel
"The value of failure is greatly over-rated. It’s a preposterous myth."
Peter Thiel
"I think anything that requires real global breakthroughs requires a degree of intensity and sustained effort that cannot be done part time, so it’s something you have to do around the clock, and that doesn’t compute with our existing educational system."
Peter Thiel
"The lowest-hanging fruit in preventative medicine is just to really focus on nutrition."
Peter Thiel
"University administrators are the equivalent of subprime mortgage brokers selling you a story that you should go into debt massively, that it’s not a consumption decision, it’s an investment decision. Actually, no, it’s a bad consumption decision. Most colleges are four-year parties."
Peter Thiel

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