Peter Thiel
Peter Thiel
Peter Andreas Thielis a German-American entrepreneur, venture capitalist and hedge fund manager. Thiel co-founded PayPal with Max Levchin and Elon Musk and served as its CEO. He also co-founded Palantir, of which he is chairman. He was the first outside investor in Facebook, the popular social-networking site, with a 10.2% stake acquired in 2004 for $500,000, and sits on the company's board of directors...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth11 October 1967
CountryUnited States of America
I suspect if people live a lot longer they would be retired for a somewhat longer period of time. Just the financial planning takes on a very different character.
From my perspective, I think the question of how we build a better future is an extremely important overarching question, and I think it's become obscured from us because we no longer think it's possible to have a meaningful conversation about the future.
I do tend to think that things that have incredibly long time horizons often do involve market failures.
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.
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.
Long-term planning is often undervalued by our indefinite short-term world.
Every university…seem[s] to reassure you that ‘it doesn’t matter what you do, as long as you do it well.’ That is completely false. It does matter what you do. You should focus relentlessly at something you’re good at doing, but before that you must think hard about whether it will be valuable in the future.
Under perfect competition, in the long run no company makes an economic profit.
Education is a bubble in a classic sense. To call something a bubble, it must be overpriced, and there must be an intense belief in it.
Every one of today's smartphones has thousands of times more processing power than the computers that guided astronauts to the moon.
The big challenge with Internet financial services has been that it's very difficult to get large numbers of customers to sign up for your service.
The best start-ups might be considered slightly less extreme kinds of cults. The biggest difference is that cults tend to be fanatically wrong about something important. People at a successful start-up are fanatically right about something those outside it have missed.
I'm very pro-science and pro-technology; I believe that these have been key drivers of progress in the world in the last centuries.
Is there something about the gay experience, being gay and the gay experience, that pushes us even more than other people toward competition?