Thiel Talks PandoMonthly: Fireside Chat With Peter Thiel
Aug 12, 2020
Peter Thiel, a renowned venture capitalist and co-founder of PayPal, engages in a thought-provoking discussion. He shares insights on the nature of competition, suggesting originality trumps rivalry in achieving success. Thiel critiques the education system, labeling it a mere tournament for competitiveness. He also reflects on the PayPal legacy and the societal impact of tech investing, while advocating for sustainable ventures in today's market. The chat delves into the need for emotional maturity among entrepreneurs and celebrates ambitious youth tackling global challenges.
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Post-Bubble Shift To Incrementalism
- Post-90s startups shifted from bold visions to incremental feature-driven products.
- That reaction reduced ambition and made building transformational companies rarer.
Ask Contrarian And Recruiting Questions
- Ask founders, “Tell me something true that almost nobody agrees with you on.”
- Also ask why the 20th talented engineer would join instead of Google.
Make Your Mission Irreplaceable
- Build a business that is uniquely important so talent chooses you over big firms.
- Focus on problems some people think are the most important in the world.