Created by doublezeta 6 days ago for
Peter Thiel
Peter Thiel
If you're working at something that's the only of its kind in the world, that's very meaningful.
Peter Thiel
Peter Thiel
It could be for profit, non-profit, all sorts of contexts.
Peter Thiel
Peter Thiel
 If we weren't doing this, this problem absolutely wouldn't be tackled. That's what's meaningful.
Peter Thiel
Peter Thiel
When you're competing you're already, by definition, number two.
Spoken text is paraphrase or parody, unless otherwise stated
Created by doublezeta 6 days ago for
Peter Thiel
Peter Thiel
When you compete you get better at beating people on the narrow things you need to beat them on.
Peter Thiel
Peter Thiel
But it often comes at this very high price of losing sight of what's truly valuable and important.
Spoken text is paraphrase or parody, unless otherwise stated
Created by doublezeta 6 days ago for
Peter Thiel
Peter Thiel
We overplay the role of luck in our future. Luck is like an atheistic word for God.
Peter Thiel
Peter Thiel
We attribute too much to luck, we could be thinking a little bit more.
Bruce Upbin
Bruce Upbin
So you think you make your own luck?
Peter Thiel
Peter Thiel
I like that!
Spoken text is paraphrase or parody, unless otherwise stated
Created by doublezeta 6 days ago for
Peter Thiel
Peter Thiel
When I was playing chess in junior high I learned that a bad plan is better than no plan at all.
Peter Thiel
Peter Thiel
Have a plan, you can always change it, but don't pretend you have no clue about what's gonna happen.
Peter Thiel
Peter Thiel
If you say everything about the future is random and out of your control,
Peter Thiel
Peter Thiel
that's how you set yourself up for failure.
Spoken text is paraphrase or parody, unless otherwise stated
Created by doublezeta 6 days ago for
Peter Thiel
Peter Thiel
The core thing is to have a great product and then you can always improve on in all sorts of ways.
Peter Thiel
Peter Thiel
If you're just trying to optimize and you don't have a great product, that rarely works.
Peter Thiel
Peter Thiel
It's always worth asking where you're gonna go with this business.
Spoken text is paraphrase or parody, unless otherwise stated
Created by doublezeta 6 days ago for
Peter Thiel
Peter Thiel
Imitation is how we learn language as kids, it's how culture gets transmitted.
Peter Thiel
Peter Thiel
But it also leads to a lot of insane behavior, such as the madness of crowds.
Peter Thiel
Peter Thiel
It leads into bubble like behavior, which we've seen many in our society in recent decades.
Peter Thiel
Peter Thiel
So the challenge to think for yourself is always very trivial to say, but always quite hard to do.
Spoken text is paraphrase or parody, unless otherwise stated
Created by doublezeta 6 days ago for
Peter Thiel
Peter Thiel
I think you become an entrepreneur because you're working on a problem nobody else is working on.
Peter Thiel
Peter Thiel
You should start a business if you're working on a problem that otherwise wouldn't get solved.
Spoken text is paraphrase or parody, unless otherwise stated
Created by doublezeta 6 days ago for
Peter Thiel
Peter Thiel
Saying I want to be an entrepreneur is like saying "I want to be rich and I want to be famous."
Bruce Upbin
Bruce Upbin
Those are good things, being rich and famous.
Peter Thiel
Peter Thiel
They're not good as direct goals, if you have them as such you're unlikely to succeed. 
Spoken text is paraphrase or parody, unless otherwise stated
Created by doublezeta 6 days ago for
Peter Thiel
Peter Thiel
If you're a founder or an entrepreneur, you should always aim to build a monopoly.
Peter Thiel
Peter Thiel
Where you're the only person in the world doing what you're doing.
Peter Thiel
Peter Thiel
There're only 2 kinds of businesses, those in crazy competition and one of a kind monopolies.
Spoken text is paraphrase or parody, unless otherwise stated
Created by doublezeta 6 days ago for
Peter Thiel
Peter Thiel
Every moment in the history of business happens only once.
Peter Thiel
Peter Thiel
The next Mark Zuckerberg won't be starting a social media site.
Peter Thiel
Peter Thiel
The next Bill Gates won't start an operating system, the next Elon Musk won't start another Tesla.
Peter Thiel
Peter Thiel
So I'm always pushing back on the idea that there's some kind of formula.
Spoken text is paraphrase or parody, unless otherwise stated
Created by doublezeta 21 days ago for
Peter Thiel
Peter Thiel
I don't see younger professors who're deeply critical of the university structure. It's just nuts!
Spoken text is paraphrase or parody, unless otherwise stated