Publish quotes Peter Thiel, founder of PayPal, the first investor Facebook, the legendary Silicon Valley entrepreneur.
Peter Thiel - a well-known Internet investor / blogs.terrapinn.com
Thiel has earned an impressive state (about $ 2 billion), thanks to a successful and often risky, investments in Internet startups. So, he felt the future of social networking and investing in the development of the largest social network Facebook. Also, it is Peter Thiel, foreseeing the future of electronic payment systems in 1999, along with Max Levchin made PayPal, the world famous and the largest electronic payment system.
Top 10 quotes Peter Thiel:
People tend to focus too much on the horizontal development, while a truly great importance is the step from 0 to 1. All great companies (Facebook, Palantir, SpaceX) were able to accomplish, and the rest - no.
It is impossible to build a successful company if all the a priori believe that she will be successful. The key question is formulated as follows: Do you know something about the world, which is the absolute truth, but what does not agree to all the others?
Theoretically, there are many potentially successful companies, you can create.
In practice, the competition should be avoided by all means. Much better not to fight for a place on the existing markets and create new ones. Conflicts are very romanticized, but they take too much effort.
In perfect competition earns no money: all the profit goes to the continuation of the rivalry.
Most companies fail, because they can not come up with the correct way to sell your product. We must always think about it.
Man comfortably assume that the events are distributed "normally", that 50% of efforts gives 50% of the result. But in fact the world is ruled a power-law distribution, according to which 20% of efforts gives 80% of the result. This principle describes most of the events on the planet - from natural disasters to business.
The desire to minimize the risk - often the wrong way. To become great, you need to think about the great plans. Always plan the future.
The house, built on the wrong foundation can not be repaired. The first phase of the company - one of the most important.
In a sense, the life of any person singular: there will come a time when it is impossible to predict what lies beyond the horizon. The logical question, what should I do with this knowledge? The usual answer is to follow the trodden paths, not to make ill-considered actions, less risk. This is wrong. People sell themselves too cheaply. In the human experience and knowledge of too many blind spots. You need to go and explore them.
No comments:
Post a Comment