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Peter Thiel explains his book Zero to One: “It’s going from nothing—to something.” “Most business books try to give you a formula to follow.” “I put much more of a stress on how—it’s always a unique set of facts and circumstances that come together in just the right way.”

Jawwwn

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17,983 次观看 • 2 个月前 •via X (Twitter)

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Peter Thiel: There is no wisdom of crowds Thiel suggests that the antithesis of his book Zero To One is Malcolm Gladwell’s The Wisdom of Crowds. “If you have to give credit to Malcolm Gladwell, the way the argument actually works in the wisdom of crowds is if you have a crowd of people and they independently make a judgement, you can average it out and you’ll get to a pretty good idea.” The classic example is asking a group of people to independently guess how many marbles are in a bag—the average answer will be pretty good. “But the problem is that in most cases, the decisions don’t end up getting made individually.” Thiel explains. “People are influenced by one another. And when you have a crowd dynamic in which people are drawing conclusions because they’re looking toward one another, that is where the crowd is untruth.” Thiel believes imitation is a deep part of human nature: “Kids learn language by copying their parents. It’s how culture is transmitted in our society. But it’s also how very many things go wrong.” Thiel believes you need to go against the crowd if you want to accomplish something truly great. He points out that many of the most successful entrepreneurs in Silicon Valley seem to be suffering from a mild form of Aspergers. Video source: Saïd Business School (2015)

Peter Thiel: There is no wisdom of crowds Thiel suggests that the antithesis of his book Zero To One is Malcolm Gladwell’s The Wisdom of Crowds. “If you have to give credit to Malcolm Gladwell, the way the argument actually works in the wisdom of crowds is if you have a crowd of people and they independently make a judgement, you can average it out and you’ll get to a pretty good idea.” The classic example is asking a group of people to independently guess how many marbles are in a bag—the average answer will be pretty good. “But the problem is that in most cases, the decisions don’t end up getting made individually.” Thiel explains. “People are influenced by one another. And when you have a crowd dynamic in which people are drawing conclusions because they’re looking toward one another, that is where the crowd is untruth.” Thiel believes imitation is a deep part of human nature: “Kids learn language by copying their parents. It’s how culture is transmitted in our society. But it’s also how very many things go wrong.” Thiel believes you need to go against the crowd if you want to accomplish something truly great. He points out that many of the most successful entrepreneurs in Silicon Valley seem to be suffering from a mild form of Aspergers. Video source: Saïd Business School (2015)

Startup Archive

457,223 次观看 • 9 个月前

Peter Thiel: There is no wisdom of crowds Thiel suggests that the antithesis of his book Zero To One is Malcolm Gladwell’s The Wisdom of Crowds. “If you have to give credit to Malcolm Gladwell, the way the argument actually works in the wisdom of crowds is if you have a crowd of people and they independently make a judgement, you can average it out and you’ll get to a pretty good idea.” The classic example is asking a group of people to independently guess how many marbles are in a bag—the average answer will be pretty good. “But the problem is that in most cases, the decisions don’t end up getting made individually.” Thiel explains. “People are influenced by one another. And when you have a crowd dynamic in which people are drawing conclusions because they’re looking toward one another, that is where the crowd is untruth.” Thiel believes imitation is a deep part of human nature: “Kids learn language by copying their parents. It’s how culture is transmitted in our society. But it’s also how very many things go wrong.” Thiel believes you need to go against the crowd if you want to accomplish something truly great. He points out that many of the most successful entrepreneurs in Silicon Valley seem to be suffering from a mild form of Aspergers. Source: University of Oxford (May 2015)

Peter Thiel: There is no wisdom of crowds Thiel suggests that the antithesis of his book Zero To One is Malcolm Gladwell’s The Wisdom of Crowds. “If you have to give credit to Malcolm Gladwell, the way the argument actually works in the wisdom of crowds is if you have a crowd of people and they independently make a judgement, you can average it out and you’ll get to a pretty good idea.” The classic example is asking a group of people to independently guess how many marbles are in a bag—the average answer will be pretty good. “But the problem is that in most cases, the decisions don’t end up getting made individually.” Thiel explains. “People are influenced by one another. And when you have a crowd dynamic in which people are drawing conclusions because they’re looking toward one another, that is where the crowd is untruth.” Thiel believes imitation is a deep part of human nature: “Kids learn language by copying their parents. It’s how culture is transmitted in our society. But it’s also how very many things go wrong.” Thiel believes you need to go against the crowd if you want to accomplish something truly great. He points out that many of the most successful entrepreneurs in Silicon Valley seem to be suffering from a mild form of Aspergers. Source: University of Oxford (May 2015)

Startup Archive

46,637 次观看 • 1 个月前

.Michael Dell 🇺🇸 on what a startup has to do: “When you're creating a new business with new technology and new business model there’s no playbook. There’s no book you can read that says here’s how you do it. And if you hire the people from the existing industry companies and ask them to go do it, they're just going to do it the way they were doing it before. That’s not going to work. So you need a lot of creativity. You need to intuit your way to the answer by experimenting. You come up with a theory and you try it. Did it work? Great. Let’s do 2x that. Let’s do 10x that. Let’s do 100x that. You keep experimenting until you find the answer.” — Peter Thiel has a great line on this in his book Zero to One: “This is what startup has to do: question received ideas and rethink business from scratch.”

.Michael Dell 🇺🇸 on what a startup has to do: “When you're creating a new business with new technology and new business model there’s no playbook. There’s no book you can read that says here’s how you do it. And if you hire the people from the existing industry companies and ask them to go do it, they're just going to do it the way they were doing it before. That’s not going to work. So you need a lot of creativity. You need to intuit your way to the answer by experimenting. You come up with a theory and you try it. Did it work? Great. Let’s do 2x that. Let’s do 10x that. Let’s do 100x that. You keep experimenting until you find the answer.” — Peter Thiel has a great line on this in his book Zero to One: “This is what startup has to do: question received ideas and rethink business from scratch.”

David Senra

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Seokjin, you can come to us any way u like 🥺 🐹So yesterday, I really wanted to post something right at midnight, but I was not sure how to put it into words. So I just wrote something with a heart full of gratitude. I did. But then, the way I feel is that I always end up writing something that just conveys my gratitude to you all, and ah… I actually wish I could talk to you in a lighter and more casual way, but I feel like I haven’t really been able to, and I find that a bit disappointing/sad. It feels like I always come across too serious (than I meant to be). I want to be lighter and more easygoing with you, not approaching you in a heavy, formal way, but rather in a friendly and casual way. But these days, even when I try something lighthearted, there have been various things going on and with the group activities and everything and so….. So it feels like the sense of closeness has become a bit distant. I’ll try harder to connect with you in a warmer and more approachable way.

Seokjin, you can come to us any way u like 🥺 🐹So yesterday, I really wanted to post something right at midnight, but I was not sure how to put it into words. So I just wrote something with a heart full of gratitude. I did. But then, the way I feel is that I always end up writing something that just conveys my gratitude to you all, and ah… I actually wish I could talk to you in a lighter and more casual way, but I feel like I haven’t really been able to, and I find that a bit disappointing/sad. It feels like I always come across too serious (than I meant to be). I want to be lighter and more easygoing with you, not approaching you in a heavy, formal way, but rather in a friendly and casual way. But these days, even when I try something lighthearted, there have been various things going on and with the group activities and everything and so….. So it feels like the sense of closeness has become a bit distant. I’ll try harder to connect with you in a warmer and more approachable way.

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In 2014, Peter Thiel gave a 50-minute masterclass on how to build a monopoly from scratch. His frameworks: - Competition is for losers - Secrets vs mysteries - Substance over status 15 timeless lessons from his book "Zero to One": 1. Every moment in business happens only once

In 2014, Peter Thiel gave a 50-minute masterclass on how to build a monopoly from scratch. His frameworks: - Competition is for losers - Secrets vs mysteries - Substance over status 15 timeless lessons from his book "Zero to One": 1. Every moment in business happens only once

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Peter Thiel on the importance of having a definite view of the future “We’re always focused on very short time horizons because you have to figure out a way to get through the next month, the next quarter, how you get some customers. But it’s always worth thinking ahead 5-10 years. Why will this be a really valuable business in 5-10 years? How’s the competitive landscape going to develop? How’s the technology going to develop? How’s the world going to develop?” These are hard questions to answer, but Thiel thinks the great entrepreneurs always have some perspective on it. It might be wrong, but it’s well-reasoned. “A bad plan is always better than no plan. So have a plan. You can always change it. But don’t just pretend that you have no clue about what’s going to happen and that everything about the future is random. If you say that everything is random and out of your control, that’s the way that you set yourself up for failure… I do think we exaggerate the role of luck in our future.” The following is a related passage from Thiel’s book Zero to One: “From the Renaissance and the Enlightenment to the mid-20th century, luck was something to be mastered, dominated, and controlled; everyone agreed that you should do what you could, not focus on what you couldn’t. Ralph Waldo Emerson captured this ethos when he wrote: “Shallow men believe in luck, believe in circumstances . . . Strong men believe in cause and effect.” In 1912, after he became the first explorer to reach the South Pole, Roald Amundsen wrote: “Victory awaits him who has everything in order—luck, people call it.” No one pretended that misfortune didn’t exist, but prior generations believed in making their own luck by working hard.” Video source: Forbes (2014)

Peter Thiel on the importance of having a definite view of the future “We’re always focused on very short time horizons because you have to figure out a way to get through the next month, the next quarter, how you get some customers. But it’s always worth thinking ahead 5-10 years. Why will this be a really valuable business in 5-10 years? How’s the competitive landscape going to develop? How’s the technology going to develop? How’s the world going to develop?” These are hard questions to answer, but Thiel thinks the great entrepreneurs always have some perspective on it. It might be wrong, but it’s well-reasoned. “A bad plan is always better than no plan. So have a plan. You can always change it. But don’t just pretend that you have no clue about what’s going to happen and that everything about the future is random. If you say that everything is random and out of your control, that’s the way that you set yourself up for failure… I do think we exaggerate the role of luck in our future.” The following is a related passage from Thiel’s book Zero to One: “From the Renaissance and the Enlightenment to the mid-20th century, luck was something to be mastered, dominated, and controlled; everyone agreed that you should do what you could, not focus on what you couldn’t. Ralph Waldo Emerson captured this ethos when he wrote: “Shallow men believe in luck, believe in circumstances . . . Strong men believe in cause and effect.” In 1912, after he became the first explorer to reach the South Pole, Roald Amundsen wrote: “Victory awaits him who has everything in order—luck, people call it.” No one pretended that misfortune didn’t exist, but prior generations believed in making their own luck by working hard.” Video source: Forbes (2014)

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Peter Thiel: “We’ve probably tried to do too much investing in Europe. It’s always sort of a junket.” “It’s a nice place to go on vacation as an investor.” “It’s a very strange thing that so much of it— the US is somehow still the country where people do new things.” Via The All-In Podcast

Peter Thiel: “We’ve probably tried to do too much investing in Europe. It’s always sort of a junket.” “It’s a nice place to go on vacation as an investor.” “It’s a very strange thing that so much of it— the US is somehow still the country where people do new things.” Via The All-In Podcast

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1,397,394 次观看 • 5 个月前

my two favorite people saying the same thing “just give it a try” 🥹 🦌: the most important thing is to just give it a try. i think the idea of taking that first step is one of the most important things in life 🦮: moments when we have to make big decisions can be scary, and i think that's completely normal. but the fact that something feels scary also means it’s a very important opportunity. that’s why i think it’s important to really think about what you want and then just give it a try. because if you don’t try, you’ll definitely regret it later on

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Yaxel Lendeborg on how he views the significance of the Summer League: “I mean role-wise, I try to be a leader, you know, learn to be one. I was picked the highest here so I have to act like it. But not in the way where it’s like I’m acting like I’m authorized or I’m a priority or something. Just in a way where it’s like there’s going to be a lot of pressure on me and a lot of eyes on me so I have to go out there and not overdo it, but play my role, play my part.”

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I’ve listened to this and it’s one of the most disturbing, heartbreaking and depressing video you could come across. It’s hard to comprehend how a father could do something like this to his own daughter. Some deserve actual death sentence.

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Thuranira

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Anyway, in much more important business, it’s come to my attention that some of you MFs don’t know how to cut an avocado.

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At an unscheduled press gaggle ahead of his Ryder Cup trip this morning, Trump told reporters: “I think we have maybe a deal on Gaza. Very close to a deal on Gaza. How are you? Hello, Peter. And it’s looking like we have a deal on Gaza. And we’ll…we’ll let you know. I think it’s a deal that will get the hostages back. It’s going to be a deal that will end the war. Uh, it’s going to be a deal which…it’s going to be peace. I think we have a deal.”

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In a TV industry where every channel claims to be the ‘most watched’, it’s always gratifying to actually be that — THE most watched. And to dominate viewership on Results Day? Nothing bigger. Thank you, viewers of @NDTV. Let’s do more!

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Peter Thiel explains his principle of only working on problems that wouldn’t get solved without you Thiel shares that he’s “a little bit skeptical” of social entrepreneurship: “Social entrepreneurship is always ambiguous because it’s unclear what the word ‘social’ means. Social can mean that it’s ‘good for society’ or it can mean that it’s ‘good as seen by society’. In the second meaning, you often end up with something that many people are doing.” He gives education startups as an example of a social startup - it’s seen as objectively good and lots of people are working on it. Thiel contrasts this to a mission-oriented company: “A mission-oriented company is one where if you didn’t work on this problem, nobody would.” He gives the example of Elon Musk starting SpaceX with the mission of going to Mars and making humans interplanetary. If Elon wasn’t working on it, this problem might not get solved. Thiel believes this is an important principle in general: “We always want to do things where… if you weren’t working on it, it wouldn’t get solved. Always go for that sort of counterfactual meaning. You don’t want to ever be in a place where you’re just one of a hundred cogs in the machine… You want to be in a place where you’re doing something that can’t be easily replicated or replaced - either on an individual level or the level of a company.” Video source: The Wharton School (2014)

Peter Thiel explains his principle of only working on problems that wouldn’t get solved without you Thiel shares that he’s “a little bit skeptical” of social entrepreneurship: “Social entrepreneurship is always ambiguous because it’s unclear what the word ‘social’ means. Social can mean that it’s ‘good for society’ or it can mean that it’s ‘good as seen by society’. In the second meaning, you often end up with something that many people are doing.” He gives education startups as an example of a social startup - it’s seen as objectively good and lots of people are working on it. Thiel contrasts this to a mission-oriented company: “A mission-oriented company is one where if you didn’t work on this problem, nobody would.” He gives the example of Elon Musk starting SpaceX with the mission of going to Mars and making humans interplanetary. If Elon wasn’t working on it, this problem might not get solved. Thiel believes this is an important principle in general: “We always want to do things where… if you weren’t working on it, it wouldn’t get solved. Always go for that sort of counterfactual meaning. You don’t want to ever be in a place where you’re just one of a hundred cogs in the machine… You want to be in a place where you’re doing something that can’t be easily replicated or replaced - either on an individual level or the level of a company.” Video source: The Wharton School (2014)

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39,468 次观看 • 6 个月前

.Keith Rabois on the most important lesson he learned from Peter Thiel: You can’t hire anybody over 30. “Peter might not say it exactly the same way today, but basically, what he was trying to say is this: by the time you’re 30, everyone on the planet knows how to assess you pretty accurately. There are enough data points on your resume—back then, it was your resume, and today, it’s your LinkedIn profile—so that everybody can come to a consensus view about your abilities. But if you come to a consensus view about everybody’s abilities, guess what? Google is going to spend a lot of money on that person. Or OpenAI is going to spend a lot of money on that person. Or Meta is going to spend a lot of money on that person. And, when you’re a startup, you can’t outspend large companies that are very profitable or have infinite money like OpenAI. You need to be much more disciplined, much more frugal, and you may not even want to hire these people. The people who are motivated by that much compensation may not even be the right builders. I took that advice with me literally from November 2000, and I’ve been trying to apply it for 24 years now.”

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