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Conversations with Tyler
Peter Thiel on Stagnation, Innovation, and What Not to Call your Company (Live at Mason)
Mar 25, 2015
01:20:33
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Quick takeaways
- Innovation can be categorized as vertical progress (technology) and horizontal progress (globalization), with vertical progress being harder to achieve.
- When building a start-up or organization, prioritize substance over status to maintain focus on mission and objectives.
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Importance of Innovating in Different Dimensions
Innovation in different dimensions can be categorized as vertical progress and horizontal progress. Vertical progress refers to technology and doing new things, while horizontal progress refers to globalization and copying things that work. Vertical progress is harder to achieve as it is not formulaic like horizontal progress. To create vertical progress, it is important to be passionate about something that others are not doing and have a unique and idiosyncratic approach to it.
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