Think like Peter Thiel, billionaire entrepreneur. He Made Money Investing In Startups (+@paypal). | Summary and Q&A

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November 14, 2020
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Simon Squibb
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Think like Peter Thiel, billionaire entrepreneur. He Made Money Investing In Startups (+@paypal).

TL;DR

The investment process should be approached with emotion and care, considering factors like purpose, alignment with personal goals, and compatibility between investors and entrepreneurs.

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Key Insights

  • 🤵 Investments should be approached with emotion, treating them as personal and intense experiences, similar to marriage.
  • 🍉 Prioritize purpose and long-term investments, rather than focusing solely on profits and exit strategies.
  • 👋 Compatibility, a sense of humor, and a good working relationship between investors and entrepreneurs are crucial for success.

Transcript

do you want to make an investment in startups or perhaps you're looking for investment my video blog today is going to be all about this i want to get into the psychology of it i want to share the learnings i've had from not only starting 17 companies myself also investing in 67 startups and today i'm making a new investment so it's on my mind and ... Read More

Questions & Answers

Q: How should investments be approached emotionally?

Investments should be treated as personal and emotional experiences, similar to marriage. It is important to respect and value the relationship and not take it lightly.

Q: Is experience always an advantage when making investments?

While experience can be beneficial, it can also lead to a jaded perspective. It is crucial to be cautious and not let past experiences cloud judgment when making new investments.

Q: What are the key factors to consider when investing in startups?

Investors should look beyond profit and exit strategies. Factors like purpose, compatibility, and a sense of humor between investors and entrepreneurs are essential for a successful investment.

Q: Should entrepreneurs consider every investment opportunity?

Entrepreneurs should not accept every investment opportunity. They should prioritize alignment with personal goals, including purpose, compatibility, and synergy with existing ventures.

Summary & Key Takeaways

  • Investment and accepting investments should be personal and emotionally driven, similar to marriage.

  • Experience can be both positive and negative when making investments, so it is important to not take it personally.

  • When investing in startups, it is crucial to focus on long-term investments and consider purpose and compatibility with personal goals.

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