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
“if you want to create and capture lasting value, don’t build an undifferentiated commodity business.” — 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
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
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
“Because that is what a startup has to do: question received ideas and rethink business from scratch.” — 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
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
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… — 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
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
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
“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
“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
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 Image
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 Image
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 Image
“Time and decision-making themselves follow a power law, and some moments matter far more than others” — Peter Thiel Copy Share Image
“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 Image
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 Image
“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 Image
“we have given up our sense of wonder at secrets left to be discovered.” — Peter Thiel Copy Share Image
“Today our society is permeated by the twin ideas that death is both inevitable and random.” — 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 not going… — Peter Thiel Copy Share Image
“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 Image
“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 Image
