It's a horribly mismanaged company-probably a lot of pot smoking going on there. — Peter Thiel Copy Share Image
“Most of a tech company’s value will come at least 10 to 15 years in the future.” — Peter Thiel Copy Share Image
Recruiting is a core competency for any company. It should never be outsourced. — Peter Thiel Copy Share Image
“But entrepreneurs should take cultures of extreme dedication seriously.” — Peter Thiel Copy Share Image
“if your company can be summed up by its opposition to already existing firms, it can’t be completely new and it’s probably… — Peter Thiel Copy Share Image
“if you want to create and capture lasting value, don’t build an undifferentiated commodity business.” — Peter Thiel Copy Share Image
As an investor-entrepreneur, I’ve always tried to be contrarian, to go against the crowd, to identify opportunities in places where people are… — Peter Thiel Copy Share Image
“every single company in a good venture portfolio must have the potential to succeed at vast scale.” — Peter Thiel Copy Share Image
“Because that is what a startup has to do: question received ideas and rethink business from scratch.” — Peter Thiel Copy Share Image
If you focus on near-term growth above all else, you miss the most important question you should be asking: will this business… — Peter Thiel Copy Share Image
The idea of becoming an entrepreneur is something that is not taught very well in school and is something that people should… — Peter Thiel Copy Share Image
“You should never assume that people will admire your company without a public relations strategy” — Peter Thiel Copy Share Image
“The only good answers are specific to your company, so you won’t find them in this book. But there are two general… — Peter Thiel Copy Share Image
Value investors look at cash flows. If a company can maintain present cash flows for 5 or 6 years, it’s a good… — Peter Thiel Copy Share Image
Had the people who started Facebook decided to stay at Harvard, they would not have been able to build the company, and… — Peter Thiel Copy Share Image
“Company culture” doesn’t exist apart from the company itself: no company has a culture; every company is a culture. A startup is… — Peter Thiel Copy Share Image
Anyone who prefers owning part of your company to being paid in cash reveals a preference for the long term and a… — Peter Thiel Copy Share Image
I think somehow people should be encouraged to think about a very long time horizon and I think this is true for… — Peter Thiel Copy Share Image
“a startup is the largest group of people you can convince of a plan to build a different future. A new company’s… — Peter Thiel Copy Share Image
The best entrepreneurs know this: every great business is built around a secret that’s hidden from the outside. A great company is… — Peter Thiel Copy Share Image
“EVERYBODY SELLS Nerds might wish that distribution could be ignored and salesmen banished to another planet. All of us want to believe… — Peter Thiel Copy Share Image
“To anticipate likely sources of misalignment in any company, it’s useful to distinguish between three concepts: • Ownership: who legally owns a… — Peter Thiel Copy Share Image
“In the most dysfunctional organizations, signaling that work is being done becomes a better strategy for career advancement than actually doing work… — Peter Thiel Copy Share Image
“There are all these things that you never know whether they're features or bugs- in a company or organization, or even in… — Peter Thiel Copy Share Image
“You’ve probably heard about “first mover advantage”: if you’re the first entrant into a market, you can capture significant market share while… — Peter Thiel Copy Share Image
“Creating value is not enough—you also need to capture some of the value you create. This means that even very big businesses… — Peter Thiel Copy Share Image
Under perfect competition, in the long run no company makes an economic profit. — Peter Thiel Copy Share Image
You want to be the last company in a category. Those are the ones that are really valuable. — Peter Thiel Copy Share Image
“THE MOST CONTENTIOUS question in business is whether success comes from luck or skill.” — Peter Thiel Copy Share Image
“The most valuable kind of company maintains an openness to invention that is most characteristic of beginnings.” — Peter Thiel Copy Share Image
All happy companies are different: each one earns a monopoly by solving a unique problem. All failed companies are the same: they… — Peter Thiel Copy Share Image
When you are starting a new business you don't want to go after giant markets. You want to go after small markets… — Peter Thiel Copy Share Image
The most successful businesses have an idea for the future that's very different from the present. — Peter Thiel Copy Share Image
People don't want to believe that technology is broken. Pharmaceuticals, robotics, artificial intelligence, nanotechnology - all these areas where the progress has been a… — Peter Thiel Copy Share
If you think about basic science or coming up with new theories of mathematics, these are not the kinds of things which are necessarily… — Peter Thiel Copy Share
I think we have a bubble in the US in government bonds, because of the quantitative easing and the negative real interest rates, and… — Peter Thiel Copy Share
“Time and decision-making themselves follow a power law, and some moments matter far more than others” — Peter Thiel Copy Share
“Today, we exaggerate the differences between left-liberal egalitarianism and libertarian individualism because almost everyone shares their common indefinite attitude. In philosophy, politics, and business,… — Peter Thiel Copy Share
When you already have $150 billion a year in revenues from the iPhone, it's very hard to come up with any new vertical that… — Peter Thiel Copy Share
“CREATIVE MONOPOLY means new products that benefit everybody and sustainable profits for the creator. Competition means no profits for anybody, no meaningful differentiation, and… — Peter Thiel Copy Share
“Today our society is permeated by the twin ideas that death is both inevitable and random.” — Peter Thiel Copy Share
“if your company can be summed up by its opposition to already existing firms, it can’t be completely new and it’s probably not going… — Peter Thiel Copy Share
“Is a lukewarm attitude to one’s work a sign of mental health? Is a merely professional attitude the only sane approach?” — Peter Thiel Copy Share
“If you’ve invented something new but you haven’t invented an effective way to sell it, you have a bad business—no matter how good the… — Peter Thiel Copy Share
The business model piece is we're always talking about competing more effectively. If you're starting a company or career you don't want to compete.… — Peter Thiel Copy Share
If you invest in Microsoft or Oracle, or a number of other companies for that matter, you're fundamentally making a bet that there's going… — Peter Thiel Copy Share
Our economy is broken. I'm not a politician, but neither is Donald Trump. He is a builder, and it's time to rebuild America. — Peter Thiel Copy Share
