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Quote by Peter Thiel

“There's been a lot companies that have shown "zero to one" kind of growth in the computer, internet software age. Facebook and Google are zero to one companies. Apple's iPhone was the first smartphone that really works, and of course, then you scale it horizontally, but the vertical component was really critical. Space X would also be one.”

Quote by Peter Thiel

Author

Peter Thiel is a prominent entrepreneur and venture capitalist, co-founder of PayPal, and a key figure in the tech industry. He is known for his early investment in Facebook and his role in shaping the modern venture capital landscape. more

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“When you already have $150 billion a year in revenues from the iPhone, it's very hard to come up with any new vertical that will sort of move the dial. And there's this sort of weird effect where the larger a company gets, the harder it is to come up with any new product that really moves the dial.”

Author:Peter Thiel

“For a new payment product, you always have to ask, how much better is it than the current solution? So when we started Paypal, for eBay micro merchants, it was much better than getting the 7 to 10 days process of cashing a check in the mail. When you look at stores or physical worlds, places, a lot of these places are already set up to take cash or credit card. Apple Pay may be an incremental improvement, maybe a little bit better. But when you have something that's pretty good and you go to something that's perfect, sometimes it's very hard to drive adoption because the delta is not that big.”

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“I do think Tim Cook is doing a very good job, I think he has almost impossibly big shoes to fill with Steve Jobs' departure. And so, that's the context always someone has to put things in. But, I do think that for the most part that Apple is at a point where it's much more focused on scale than on doing new things.”

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“I think we have a bubble in the US in government bonds, because of the quantitative easing and the negative real interest rates, and to some extent, that increases asset values across the board, including in startups.”

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“If you invest in Microsoft or Oracle, or a number of other companies for that matter, you're fundamentally making a bet that there's going to be no innovation. So an investment in Microsoft is a bet that the operating system is going to stay the same, it won't be replaced by Linux, Google Docs, or a mobile platform like iOS or Android.”

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“I think China thinks information technology is less important than we think it is in the US, economically, and more important politically. And so Chinese internet companies are extremely political, they're protected behind the great firewall of China, and investment in Alibaba is good as long as Jack Ma stays in the good graces of the Chinese communist party. Alibaba is largely copying various business models from the US; they have combined some things in interesting new ways, but I think it's fundamentally a business that works because of the political protection you get in China.”

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“The college kids should think hard about what they're doing. If you have a great idea for a company, there's no right time to start it, and it's often better to start it sooner rather than later. I went to Stanford undergrad and Stanford Law School, and if I had to do it over again, I might still do those things, but I wish I had asked the type of questions like, why I was doing it, was it just for the status and prestige, or was it because I was really interested in the substance of it.”

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“I'm always very excited about trying to do something on next-generation biotechnology and life sciences because I think if we can cure cancer or dementia, we can really make the future a lot better and I think these things are eminently doable.”

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“When I first started getting into acting, I was doing improv in acting class, and I had done a serious monologue and everyone was cracking up laughing and I went to the drama teacher and said I don't want to be the class clown anymore, I want to do serious work, too, and they loved that, and so I started mixing in drama.”

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“I'm proud of everything I've done. If it's comedy, it's 'cause I think it's funny. If it's a drama, it's impactful. I'm leaning towards dramas now because I wrapped a couple comedies in a row. I don't like watching myself, but it's easier on me when I don't have to carry a lot of the comedy. But I enjoy making comedies but dramas come more naturally.”

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