Peter Thiel, co-founder of PayPal and early Facebook investor, dives into governance challenges in the U.S. and Australia. He scrutinizes rising national deficits and the intricacies of social security reform, presenting a libertarian perspective. The conversation shifts to California's economy, revealing paradoxes of tax rates and population trends. Thiel also explores the uncertain future of AI, weighing its societal implications. The dialogue touches on the mysteries of ancient engineering, the dark arts of political manipulation, and the evolution of philanthropy in modern society.

In this engaging conversation, billionaire venture capitalist Peter Thiel, co-founder of PayPal and Palantir, shares his provocative views on the rise of counter-elites, notably with the appointments of Elon Musk and Vivek Ramaswamy. Thiel reflects on his political evolution and the shifting landscape within the Republican Party, examining the implications of identity politics on liberalism. He emphasizes the societal impact of technology while navigating the complexities of populism, skepticism, and the need for open discourse as America approaches the 2024 election.

What I learned from rereading Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel.----Get access to the World’s Most Valuable Notebook for Founders by investing in a subscription to Founders Notes----[4:01] Jobs's return to Apple 12 years later shows how the most important task in business-the creation of new valuecannot be reduced to a formula and applied by professionals.[5:00] A really important sentence to understand one of the main points in Peter’s book: Apple's value crucially depended on the singular vision of a particular person.[5:00] A unique founder can make authoritative decisions, inspire strong personal loyalty, and plan ahead for decades.[6:00] Conspiracy: Peter Thiel, Hulk Hogan, Gawker, and the Anatomy of Intrigue and Zero to One: Notes on Startups, or How to Build the Future (Founders #31)[7:00] Properly understood, any new and better way of doing things is technology.[8:00] By creating new technologies we rewrite the plan of the world.[9:00] The paradox of teaching entrepreneurship is that such a formula necessarily cannot exist; because every innovation is new and unique, no authority can prescribe in concrete terms how to be innovative.The single most powerful pattern I have noticed is that successful people find value in unexpected places, and they do this by thinking about business from first principles instead of formulas.[10:00] The minute that you understand that you can poke life and actually something will pop out the other side, that you can change it, you can mold it. That's maybe the most important thing. It's to shake off this erroneous notion that life is there and you're just gonna live in it, versus embrace it, change it, improve it, make your mark upon it. —Steve Jobs[11:00] Brilliant thinking is rare, but courage is in even shorter supply than genius.[13:00] A startup is the largest group of people you can convince of a plan to build a different future. A new company's most important strength is new thinking.[14:00] What follows is not a manual or a record of knowledge but an exercise in thinking. Because that is what a startup has to do: question received ideas and rethink business from scratch.[14:00] The Founders: The Story of Paypal and the Entrepreneurs Who Shaped Silicon Valley by Jimmy Soni. (Founders #233)[17:00] Their casual way of conducting affairs did not appeal to me. — Random Reminiscences of Men and Events by John D. Rockefeller (Founders #148)[18:00] My number one repeated learning in life: There Are No Adults. Everyone's making it up as they go along. Figure it out yourself, and do it. —Naval Ravikant[19:00] Bill Gurley’s answer to the question For people who were there, does this feel like dot-com bust level unwiding yet? Yes.  Link to tweet[21:00] Peter’s 4 principles for founders:1. It is better to risk boldness than triviality.2. A bad plan is better than no plan.3. Competitive markets destroy profits.4. Sales matters just as much as product.[22:00] The most contrarian thing of all is not to oppose the crowd but to think for yourself.[22:00] By “monopoly,” we mean the kind of company that’s so good at what it does that no other firm can offer a close substitute.[24:00] Every business is successful exactly to the extent that it does something others cannot.[25:00] Durability has always been a first rate virtue in Charlie’s eyes. — Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger. (Founders #90)[27:00] If you focus on near-term growth above all else, you miss the most important question you should be asking: will this business still be around a decade from now?[27:00] There is no shortcut to monopoly[28:00] A substantive advantage makes your product difficult or impossible to replicate.[30:00] The perfect target market for a startup is a small group of particular people concentrated together and served by few or no competitors.[32:00] Shallow men believe in luck. Strong men believe in cause and effect.[32:00] Victory awaits him who has everything in order.[33:00] My heroes are people who took epic journeys into the unknown often at substantial personal risk. I am simply following the path that they carved into history. —Explore/Create My Life in Pursuit of New Frontiers, Hidden Worlds, and the Creative Spark by Richard Garriott.[35:00] Instead of pursuing many-sided mediocrity and calling it "wellroundedness," a definite person determines the one best thing to do and then does it. She strives to be great at something substantive— to be a monopoly of one.[36:00] Long-term planning is often undervalued by our indefinite short-term world.[39:00] Monopoly businesses capture more value than millions of undifferentiated competitors.[40:00] Most startups fail and most venture funds fail with them.[43:00]  You cannot trust a world that denies the power law to accurately frame your decisions for you, so what's most important is rarely obvious. It might even be a secret.[44:00] I also believed then, as I do now after more than fifty years as a money manager, that the surest way to get rich is to play only those games or make those investments where I have an edge. — A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market by Ed Thorp. (Founders #222)[45:00] Schlep Blindness by Paul Graham  [46:00] Great companies can be built on open but unsuspected secrets about how the world works.[47:00] Conspiracy: A True Story of Power, Sex, and a Billionaire's Secret Plot to Destroy a Media Empire by Peter Thielby Ryan Holiday[48:00] The best entrepreneurs know this: every great business is built around a secret that's hidden from the outside.[51:00] Keith Rabois on Peter Theil insisting on focus[54:00] Superior sales and distribution by itself can create a monopoly, even with no product differentiation. The converse is not true.[56:00] Advertising doesn’t exist to make you buy a product right away; it exists to embed subtle impressions that will drive sales later. Anyone who cannot acknowledge its likely effect on himself is doubly deceived.----Get access to the World’s Most Valuable Notebook for Founders by investing in a subscription to Founders Notes----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast ----Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work.  Get access to Founders Notes here. ----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

Explore the captivating origins of PayPal and its founders' defining experiences. Witness the intense challenges faced by the startup under siege. Delve into Elon Musk's risk-taking behavior and strategic investments. Learn about the pivotal role of customer service and rapid decision-making in securing business success.

Peter Thiel, the co-founder of PayPal and early investor in Facebook, shares his insights on innovation and entrepreneurship. He discusses the evolution of PayPal and its acquisition by eBay, shedding light on the chaotic tech atmosphere of the late '90s. Thiel reflects on his experience with Facebook, emphasizing its mission to connect college students. He also critiques the traditional higher education system and highlights the importance of ethical standards in business, while encouraging bold thinking in the face of societal challenges.

Peter Thiel, a philanthropic innovator, joins forces with tech mogul Elon Musk and the legendary Alfred Nobel, famous for the Nobel Prizes. They delve into Thiel's unique approach to philanthropy, contrasting traditional methods with competitive prize-based models like the XPRIZE. The conversation reveals insights into Musk's 'sexy indifference' mindset regarding wealth and societal issues. They also discuss unconventional hiring practices that focus on character over credentials, proving great talent often shines early on.

Entrepreneur and venture capitalist Peter Thiel discusses political theology, the resurgence of Carl Schmitt's ideas, existential risks, the influence of wordcels, Shakespeare's political vision, and AI's impact on skill sets and economic structures with Tyler in a live conversation.

In this insightful discussion, Peter Thiel, co-founder of PayPal and Palantir, dives into ancient prophecies and their relevance today. He explores the concept of the Antichrist and critiques modern fears of apocalyptic scenarios versus totalitarian governance. Thiel emphasizes the need for critical thinking in globalization, advocating for America's role in preserving freedom. The conversation also touches on the balance of personal holiness and political engagement in Christianity, offering a thoughtful perspective on navigating contemporary challenges with faith.

Peter Thiel, a billionaire entrepreneur and a key figure in Silicon Valley, shares his unique insights on politics and technology. He discusses the impact of Trump and Biden on public confidence, critiques identity politics, and explores the stagnation of science. Thiel delves into the revolutionary potential of quantum advancements and AI, pondering their societal implications. He also reflects on the transformative nature of fatherhood and the philosophical debates surrounding life extension and mortality, blending business acumen with deep ethical considerations.

What I learned from reading Conspiracy: Peter Thiel, Hulk Hogan, Gawker, and the Anatomy of Intrigue and Zero to One: Notes on Startups, or How to Build the Future---Culture Eats Strategy [1:45]Conspiracy as a metaphor for a company [3:56]It is a story of poetic justice on a grand scale plotted silently for nearly a decade [6:02]Something in these pages planted itself deep into Thiel's mind when he first read it long ago [15:25]It was ruthless efficiency and hyper-competence. [21:40]You were driven to entrepreneurship because it was a safe space from consensus and from convention. [34:36]What if I do something about this? What might happen? What might happen if I do nothing? Which is riskier, to act or to ignore? [38:52]Sometimes these books teach us what not to do. [59:06]Unknown unknowns > known knowns [1:11:10]How you do one thing is how you do all things. [1:25:47]He had always been aggressive. He wouldn't have gotten where he was in life if he wasn't. [1:30:35]Companies routinely focus on silly things. [1:32:38]The greatest sin of a leader.[1:37:17]How resourceful is Peter Thiel?[1:41:37]Just keep asking why.[1:47:29]Gentlemen: You have undertaken to cheat me. I won't sue you for the laws too slow. I'll ruin you. Yours truly, Cornelius Vanderbilt. [1:53:37]Brilliant thinking is rare but courage is even in shorter supply [1:58:50]The business version of our contrarian question is: What valuable company is nobody building? [2:01:39]This Twisted logic is part of human nature, but it's disastrous in business. If you can recognize competition as a destructive force instead of a sign of value, you're already saner than most. [2:16:11]Steve Jobs saw that you can change the world through careful planning. Not by listening to focus groups feedback or copying others success. [2:19:53]You can have agency not just over your own life, but over a small and important part of the world. It begins by rejecting the unjust tyranny of chance. [2:21:05] ----Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work.  Get access to Founders Notes here. ----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast