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Peter Thiel: “Vertical integration is an under-explored modality of technological progress” “In my mind, there probably are only two broad categories in the entire history of the last 250 years where people have actually come up with new things and made money doing so.” The first is vertically-integrated, complex...

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🚨 President Trump on Elon Musk today: "This man has devoted his energy and his life to doing this. He's a great patriot. He's also done an incredible job with Tesla. Nobody else has a car company started up in the last 30 years and is super successful. He is able to find billions of dollars of fraud and waste. Our country is going to be very strong very soon because of a lot of the things that he has done and a lot of the things that I'm doing."
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🚨 President Trump on Elon Musk today: "This man has devoted his energy and his life to doing this. He's a great patriot. He's also done an incredible job with Tesla. Nobody else has a car company started up in the last 30 years and is super successful. He is able to find billions of dollars of fraud and waste. Our country is going to be very strong very soon because of a lot of the things that he has done and a lot of the things that I'm doing."

DogeDesigner

45,958 Aufrufe • vor 1 Jahr

Peter Thiel describes a startup category that is continually underestimated In the clip below, Peter Thiel explains why he believes “complex coordination” is a company category that’s continually underestimated. “The question we always focus on is ‘can this company become a monopoly?’” He then lists several things that can make a company a monopoly: Super fast distribution on a very thin product (e.g. Twitter) A technological advantage that is continually built upon: you come up with something new and steadily improve (e.g. enterprise SaaS software) A truly brilliant breakthrough (e.g. Bitcoin) However he argues that complex coordination—where you take a lot of little pieces and coordinate them into something new—is continually overlooked as a way to create a monopoly: “This is the thing that’s maybe 180 degrees antithetical to the Lean Startup ethos. It’s complicated. You have to put all the pieces together in just the right way. I think this is on some level what really drove Apple as an innovative company in the last decade… What was new about the iPhone? There was no single component that was new. It was just that you put all of these things together in just the right way… and once you built it, it was actually super hard for people to replicate. You had an advantage for many years. You could get network lock in—in terms of the app community or the brand.” He also points to Tesla and SpaceX as examples: “There’s no component to the Tesla that’s actually that new. It’s just that you put all of the pieces together. You re-engineered the whole distributor network. It was this complex coordination that made it work. There’s like this lost art of accounting where you figure out how much things cost and add them all together. And Elon has discovered this lost art of accounting which no other people practice.”
3:08

Peter Thiel describes a startup category that is continually underestimated In the clip below, Peter Thiel explains why he believes “complex coordination” is a company category that’s continually underestimated. “The question we always focus on is ‘can this company become a monopoly?’” He then lists several things that can make a company a monopoly: Super fast distribution on a very thin product (e.g. Twitter) A technological advantage that is continually built upon: you come up with something new and steadily improve (e.g. enterprise SaaS software) A truly brilliant breakthrough (e.g. Bitcoin) However he argues that complex coordination—where you take a lot of little pieces and coordinate them into something new—is continually overlooked as a way to create a monopoly: “This is the thing that’s maybe 180 degrees antithetical to the Lean Startup ethos. It’s complicated. You have to put all the pieces together in just the right way. I think this is on some level what really drove Apple as an innovative company in the last decade… What was new about the iPhone? There was no single component that was new. It was just that you put all of these things together in just the right way… and once you built it, it was actually super hard for people to replicate. You had an advantage for many years. You could get network lock in—in terms of the app community or the brand.” He also points to Tesla and SpaceX as examples: “There’s no component to the Tesla that’s actually that new. It’s just that you put all of the pieces together. You re-engineered the whole distributor network. It was this complex coordination that made it work. There’s like this lost art of accounting where you figure out how much things cost and add them all together. And Elon has discovered this lost art of accounting which no other people practice.”

Startup Archive

736,244 Aufrufe • vor 2 Jahren

Steve Jobs: The difference between good people and great people is 50-to-1 “I’ve always considered part of my job was to keep the quality level of people in the organizations I work with very high. I mean that’s what I consider one of the few things I can contribute individually myself — versus the team that work with — is to really try to instill in the organization the goal of having only A players.” Steve argues this is especially important in technology where there’s a huge range between the best person and the worst person: “In a lot of fields, the difference between, say, the worst taxicab driver and the best taxicab driver to get you across town in Manhattan might be 2-to-1. The best one will get you there in 15 minutes, the worst one will get you there in half an hour… Or the best cook and the worst cook, maybe it’s 3-to-1… But in the field that I’m in. In software in particular. The difference between the best person and the worst person is about 100-to-1 or more.” He continues: “The difference between a good software person and a great software person is probably 50-to-1 or 25-to-1. Huge dynamic range. And therefore, I have found — and not just in software but in almost everything I’ve done — it really pays to go after the best people in the world.” But as Steve points out, this isn’t always easy: “It’s very painful when you have some people that are not the best people in the world, and you have to get rid of them. But I’ve found that my job has sometimes been exactly that, to get rid of some of the people that didn’t measure up. And I’ve always tried to do it in a humane way, but nonetheless it has to be done and it’s not ever fun.”
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Steve Jobs: The difference between good people and great people is 50-to-1 “I’ve always considered part of my job was to keep the quality level of people in the organizations I work with very high. I mean that’s what I consider one of the few things I can contribute individually myself — versus the team that work with — is to really try to instill in the organization the goal of having only A players.” Steve argues this is especially important in technology where there’s a huge range between the best person and the worst person: “In a lot of fields, the difference between, say, the worst taxicab driver and the best taxicab driver to get you across town in Manhattan might be 2-to-1. The best one will get you there in 15 minutes, the worst one will get you there in half an hour… Or the best cook and the worst cook, maybe it’s 3-to-1… But in the field that I’m in. In software in particular. The difference between the best person and the worst person is about 100-to-1 or more.” He continues: “The difference between a good software person and a great software person is probably 50-to-1 or 25-to-1. Huge dynamic range. And therefore, I have found — and not just in software but in almost everything I’ve done — it really pays to go after the best people in the world.” But as Steve points out, this isn’t always easy: “It’s very painful when you have some people that are not the best people in the world, and you have to get rid of them. But I’ve found that my job has sometimes been exactly that, to get rid of some of the people that didn’t measure up. And I’ve always tried to do it in a humane way, but nonetheless it has to be done and it’s not ever fun.”

Startup Archive

45,156 Aufrufe • vor 6 Monaten

#WATCH | Mumbai, Maharashtra: On the Jevons paradox and software demand expansion, Neelkanth Mishra, Executive Director Designate of the World Bank, says, “…If you think about what the major cost of a software firm is, it is people. So, if the writing of software is getting automated, those firms will be the first to make adjustments. But on the whole, it seems that the Jevons paradox—which dictates that as the cost of writing software falls, the amount of software written goes up—is actually playing out. If an XYZ company, which is a product company, was spending, say, $100 million on writing software and can now do it for $70 million, they might need to lay off some people; that is their business priority. But if the amount of software written goes up three to four times, the number of software engineers in the ecosystem will not change… This panic and paranoia about massive job losses is something that I think is, at this stage, unfounded.”
2:48

#WATCH | Mumbai, Maharashtra: On the Jevons paradox and software demand expansion, Neelkanth Mishra, Executive Director Designate of the World Bank, says, “…If you think about what the major cost of a software firm is, it is people. So, if the writing of software is getting automated, those firms will be the first to make adjustments. But on the whole, it seems that the Jevons paradox—which dictates that as the cost of writing software falls, the amount of software written goes up—is actually playing out. If an XYZ company, which is a product company, was spending, say, $100 million on writing software and can now do it for $70 million, they might need to lay off some people; that is their business priority. But if the amount of software written goes up three to four times, the number of software engineers in the ecosystem will not change… This panic and paranoia about massive job losses is something that I think is, at this stage, unfounded.”

ANI

114,594 Aufrufe • vor 1 Monat

Elon Musk explains the deeper reason why SpaceX succeeding in AI matters for humanity’s future "It's important that we have an AI that cares about humanity, that fosters humanity and helps take us to other planets and other star systems This is why I think it's essential that SpaceX succeed not just with AI hardware, but also with AI software. I think an AI that is SpaceX's baby will be a very good AI SpaceX is a collection some of the very best humans on Earth, both in capability and in morality and goodness. We want to have an AI that is born of that capability, that morality and that goodness. I think that's very, very important So I'd like to encourage people to help out with the AI hardware on the ground, the AI software, and of course with the AI satellites Solar is going to be a very important part of that. The Terafab will be a very important part of that”
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Elon Musk explains the deeper reason why SpaceX succeeding in AI matters for humanity’s future "It's important that we have an AI that cares about humanity, that fosters humanity and helps take us to other planets and other star systems This is why I think it's essential that SpaceX succeed not just with AI hardware, but also with AI software. I think an AI that is SpaceX's baby will be a very good AI SpaceX is a collection some of the very best humans on Earth, both in capability and in morality and goodness. We want to have an AI that is born of that capability, that morality and that goodness. I think that's very, very important So I'd like to encourage people to help out with the AI hardware on the ground, the AI software, and of course with the AI satellites Solar is going to be a very important part of that. The Terafab will be a very important part of that”

X Freeze

29,537 Aufrufe • vor 9 Tagen

as I'm sure many of you have come to realize - "waking up" is very different from "understanding" why things in the world and on TV seem to be happening at a pace and in a way that you cannot affect or do anything about - nor can you look or walk away, for very long. that's the place I needed to get to in order to understand that we really are watching a scripted movie, that in fact, the only thing we can do is know about it, wake people up to it and enjoy the show - and PRAY. this clip encapsulates where it's all headed and why.
1:33

as I'm sure many of you have come to realize - "waking up" is very different from "understanding" why things in the world and on TV seem to be happening at a pace and in a way that you cannot affect or do anything about - nor can you look or walk away, for very long. that's the place I needed to get to in order to understand that we really are watching a scripted movie, that in fact, the only thing we can do is know about it, wake people up to it and enjoy the show - and PRAY. this clip encapsulates where it's all headed and why.

The Rubber Duck ™

32,584 Aufrufe • vor 11 Monaten

Elon Musk on the first principles mistake almost everyone makes when building something "People will start with the tools and parts and methods they're familiar with, and try to create a product using their existing tools. The other way is to imagine the platonic ideal of the perfect product. What is the perfect arrangement of atoms that would be the best possible product? And now figure out how to get the atoms in that shape" Lex: "It sounds almost like Rick and Morty absurd until you really think about it. If you don't, you might fall victim to the momentum of the way things were done in the past" "Just as a function of inertia, people use the same tools and methods they're familiar with, which leads to things that can be made with those tools, but is unlikely to be the perfect product" "That theoretical perfect product is a moving target, because as you learn more, the definition changes. You don't actually know what the perfect product is, but you can successfully approximate a more perfect product. People very rarely think about it that way, but it's a powerful tool"
2:02

Elon Musk on the first principles mistake almost everyone makes when building something "People will start with the tools and parts and methods they're familiar with, and try to create a product using their existing tools. The other way is to imagine the platonic ideal of the perfect product. What is the perfect arrangement of atoms that would be the best possible product? And now figure out how to get the atoms in that shape" Lex: "It sounds almost like Rick and Morty absurd until you really think about it. If you don't, you might fall victim to the momentum of the way things were done in the past" "Just as a function of inertia, people use the same tools and methods they're familiar with, which leads to things that can be made with those tools, but is unlikely to be the perfect product" "That theoretical perfect product is a moving target, because as you learn more, the definition changes. You don't actually know what the perfect product is, but you can successfully approximate a more perfect product. People very rarely think about it that way, but it's a powerful tool"

Jaynit

41,744 Aufrufe • vor 4 Tagen

Tim Ferriss: "I think reputation is the new gold." "I have policies for all sorts of things in my life, and a lot of them are around this scarce resource, which is very easily destroyed: reputation." "There is a certain finite amount of trust that any person can put into other people, and they're gonna choose the people with the highest signal of credibility for them." "I really try to think very carefully, often very slowly, about decisions, so that I can play the long game of credibility. It just means if you ask someone, do you trust Tim's recommendations, their answer is going to be yes as often as possible. And you have to turn down a lot for that."
1:26

Tim Ferriss: "I think reputation is the new gold." "I have policies for all sorts of things in my life, and a lot of them are around this scarce resource, which is very easily destroyed: reputation." "There is a certain finite amount of trust that any person can put into other people, and they're gonna choose the people with the highest signal of credibility for them." "I really try to think very carefully, often very slowly, about decisions, so that I can play the long game of credibility. It just means if you ask someone, do you trust Tim's recommendations, their answer is going to be yes as often as possible. And you have to turn down a lot for that."

How I Write Clips

50,473 Aufrufe • vor 1 Monat

10k in under an hour? Maybe it’s because it’s true. And maybe this government need to take a very good look at itself as to how it has treated the people of Ireland over the last few years before they have hundreds of Ballymena’s to deal with There is only so much you can push a nation before it pushes back and this government of all countries should know that damn well
9:38

10k in under an hour? Maybe it’s because it’s true. And maybe this government need to take a very good look at itself as to how it has treated the people of Ireland over the last few years before they have hundreds of Ballymena’s to deal with There is only so much you can push a nation before it pushes back and this government of all countries should know that damn well

Paul Treyvaud

167,272 Aufrufe • vor 1 Jahr

Chamath Palihapitiya on SpaceX today: "I think it’s an incredible company. I really believe in Elon Musk . I believe in SpaceX. I think that people are probably underestimating the short-term value of two things. One is the industrial logic of acquiring Tesla. There is a very obvious industrial logic to put these two businesses together, to have one capital structure, to have one balance sheet, to be able to raise money for the broad swath of things that he’s doing as one vehicle. And then the second is I think that you’re going to see an enormous business in the domestic cellular market before you see a lot of other revenue streams hit."
1:08

Chamath Palihapitiya on SpaceX today: "I think it’s an incredible company. I really believe in Elon Musk . I believe in SpaceX. I think that people are probably underestimating the short-term value of two things. One is the industrial logic of acquiring Tesla. There is a very obvious industrial logic to put these two businesses together, to have one capital structure, to have one balance sheet, to be able to raise money for the broad swath of things that he’s doing as one vehicle. And then the second is I think that you’re going to see an enormous business in the domestic cellular market before you see a lot of other revenue streams hit."

DogeDesigner

228,630 Aufrufe • vor 1 Monat

Everyone should listen to this clip of Trump and really try to understand what he is accomplishing. “It’s a big chess game at a very high level. It’s very high level chess, the highest. And I’m dealing with very smart players. These are very smart people. They don’t get there…You know, when you deal with some of these people, you’re dealing with very high-level intellect, very high IQ people. These are not Jasmine Crockett and her group. These are smart people. These are really smart people. And violent people, ambitious people. And some very nice people. And some are very nice but violent.” This is the side of Trump that most people don’t understand. He is one of the most brilliant, if not the most, strategic minds we have ever seen. Every move he makes is calculated, well thought out, and at the highest level of risk on the world stage. But most importantly, he always ends up with a win. Show the man the respect he deserves 🇺🇸
1:23

Everyone should listen to this clip of Trump and really try to understand what he is accomplishing. “It’s a big chess game at a very high level. It’s very high level chess, the highest. And I’m dealing with very smart players. These are very smart people. They don’t get there…You know, when you deal with some of these people, you’re dealing with very high-level intellect, very high IQ people. These are not Jasmine Crockett and her group. These are smart people. These are really smart people. And violent people, ambitious people. And some very nice people. And some are very nice but violent.” This is the side of Trump that most people don’t understand. He is one of the most brilliant, if not the most, strategic minds we have ever seen. Every move he makes is calculated, well thought out, and at the highest level of risk on the world stage. But most importantly, he always ends up with a win. Show the man the respect he deserves 🇺🇸

TheStormHasArrived

413,885 Aufrufe • vor 5 Monaten

🚨 $PLTR cofounder Peter Thiel: Palantir was created for Elon Musk’s Department of Government Efficiency, if people at USAID should be charged with fraud, and how him and Karp got blocked at the NSA 👀🔮 “There are a lot of ways that something like Palantir ends up being a constraint on government action. A lot of the abuses, the most extreme overreach happens in contexts where people thought there would be no accountability ever inside the government. “Something like the Guantanamo stuff in Bush 43— nobody knew what was going on. If nobody knows, it can go really crazy. Then of course, at some point, people know, and the inmates take over the asylum. “There probably were a lot of deep state excesses that happen where, if Palantir had been used, there would have been more of a record of what people were doing. The NSA has not worked with Palantir. There’s all these different suspicions… Ifyou had this outside software system where you actually tracked how often this stuff was used, there would’ve been much more risk this stuff would’ve gotten exposed, there would have been a track record… “We somehow got blocked at NSA very early on. The explanation Alex [Karp] and I are sympathetic to was, the people at NSA believed that whatever power the software gave them, it also limited their power, because there would be more accountability. “At some point, you have a line item track record, where you know exactly where the money is going. “Something like this is what Oliver North was charged with in the 1980s, that he engaged in fraud because he had mischaracterized various payments. If we want to be aggressive, so many of the people working at USAID could be charged with fraud like Oliver North was charged with fraud. Via The Rubin Report Peter Thiel
3:41

🚨 $PLTR cofounder Peter Thiel: Palantir was created for Elon Musk’s Department of Government Efficiency, if people at USAID should be charged with fraud, and how him and Karp got blocked at the NSA 👀🔮 “There are a lot of ways that something like Palantir ends up being a constraint on government action. A lot of the abuses, the most extreme overreach happens in contexts where people thought there would be no accountability ever inside the government. “Something like the Guantanamo stuff in Bush 43— nobody knew what was going on. If nobody knows, it can go really crazy. Then of course, at some point, people know, and the inmates take over the asylum. “There probably were a lot of deep state excesses that happen where, if Palantir had been used, there would have been more of a record of what people were doing. The NSA has not worked with Palantir. There’s all these different suspicions… Ifyou had this outside software system where you actually tracked how often this stuff was used, there would’ve been much more risk this stuff would’ve gotten exposed, there would have been a track record… “We somehow got blocked at NSA very early on. The explanation Alex [Karp] and I are sympathetic to was, the people at NSA believed that whatever power the software gave them, it also limited their power, because there would be more accountability. “At some point, you have a line item track record, where you know exactly where the money is going. “Something like this is what Oliver North was charged with in the 1980s, that he engaged in fraud because he had mischaracterized various payments. If we want to be aggressive, so many of the people working at USAID could be charged with fraud like Oliver North was charged with fraud. Via The Rubin Report Peter Thiel

Jawwwn

107,196 Aufrufe • vor 1 Jahr

Elon Musk: I'll be long dead before we're really a multiplanet species. But at least I'd like to see us make great progress in this direction. “Why do these things? I think this is important for maximizing the probable lifespan of humanity or consciousness. Human civilization could come to an end for external reasons, like a giant meteor, or supervolcanoes, or extreme climate change. Or World War III, or, you know, any one of a number of reasons. But the probable lifespan of civilization and consciousness, as we know it, which we should really view as this very delicate thing, like a small candle in a vast darkness, that is what appears to be the case. We're in this vast darkness of space, and there's this little candle of consciousness that's only really come about after 4.5 billion years. And it could just go out. I think that's powerful, and I think a lot of people will be inspired by that vision. And so the reason you need the million people is because there has to be enough people there to do everything that you need to survive. The critical threshold is, if the ships from Earth stop coming for any reason, does the Mars city die out or not? We have to pass that. People talk about the great filters, the things that perhaps, you know, we talk about the Fermi paradox and where are the aliens, and, well, maybe there is various great filters that the aliens didn't pass, and so they eventually just cease to exist. And one of the great filters is becoming a multiplanet species. So we want to pass that filter. And I'll be long dead before this is a real thing, before it happens. But I'd like to at least see us make great progress in this direction.” Source: TED, April 6, 2022.
2:05

Elon Musk: I'll be long dead before we're really a multiplanet species. But at least I'd like to see us make great progress in this direction. “Why do these things? I think this is important for maximizing the probable lifespan of humanity or consciousness. Human civilization could come to an end for external reasons, like a giant meteor, or supervolcanoes, or extreme climate change. Or World War III, or, you know, any one of a number of reasons. But the probable lifespan of civilization and consciousness, as we know it, which we should really view as this very delicate thing, like a small candle in a vast darkness, that is what appears to be the case. We're in this vast darkness of space, and there's this little candle of consciousness that's only really come about after 4.5 billion years. And it could just go out. I think that's powerful, and I think a lot of people will be inspired by that vision. And so the reason you need the million people is because there has to be enough people there to do everything that you need to survive. The critical threshold is, if the ships from Earth stop coming for any reason, does the Mars city die out or not? We have to pass that. People talk about the great filters, the things that perhaps, you know, we talk about the Fermi paradox and where are the aliens, and, well, maybe there is various great filters that the aliens didn't pass, and so they eventually just cease to exist. And one of the great filters is becoming a multiplanet species. So we want to pass that filter. And I'll be long dead before this is a real thing, before it happens. But I'd like to at least see us make great progress in this direction.” Source: TED, April 6, 2022.

ELON CLIPS

35,997 Aufrufe • vor 1 Monat

Elon Musk on Grok: “I think an AI that is sort of SpaceX’s baby will be a very good AI. I think SpaceX is a collection of some of the very best humans on Earth, both in capability and morality and goodness, and I think we want to have an AI that is born of that capability and that morality and that goodness. I think that’s very, very important. So I’d like to encourage people to help out, actually, with the AI hardware on the ground and the AI software and, of course, with the AI satellites. Solar is going to be a very important part of that. The TerraFab will be a very important part of that, but we must also succeed on the software front, and we’re going to be training Grok on the sum total of all SpaceX information. So in a way, it will be trained on you. You will effectively be the parents of the AI. It will inherit your thoughts and ideas and beliefs, and I think that’s a good thing. So, yeah, we’ve got to win here on the AI hardware and the AI software. That maybe is the most important message. I think that is actually the most important message I wanted to convey today is that we must win on AI because the future is overwhelmingly AI and robots. So we won’t ultimately be able to control the AI. It’ll be too smart for that. But just like if you have a child that is a super genius child, you can still instill in that child the values and beliefs that you think are good and right. And so that’s why it’s incredibly important that we succeed with Grok. So, yeah, well, Grok 4.5 you’ve tried probably. We’ve got 4.6 coming out in about a week. And then 4.7 should be really pretty special. So I’d like to encourage everyone at SpaceX to use AI and to make it better.”
2:56

Elon Musk on Grok: “I think an AI that is sort of SpaceX’s baby will be a very good AI. I think SpaceX is a collection of some of the very best humans on Earth, both in capability and morality and goodness, and I think we want to have an AI that is born of that capability and that morality and that goodness. I think that’s very, very important. So I’d like to encourage people to help out, actually, with the AI hardware on the ground and the AI software and, of course, with the AI satellites. Solar is going to be a very important part of that. The TerraFab will be a very important part of that, but we must also succeed on the software front, and we’re going to be training Grok on the sum total of all SpaceX information. So in a way, it will be trained on you. You will effectively be the parents of the AI. It will inherit your thoughts and ideas and beliefs, and I think that’s a good thing. So, yeah, we’ve got to win here on the AI hardware and the AI software. That maybe is the most important message. I think that is actually the most important message I wanted to convey today is that we must win on AI because the future is overwhelmingly AI and robots. So we won’t ultimately be able to control the AI. It’ll be too smart for that. But just like if you have a child that is a super genius child, you can still instill in that child the values and beliefs that you think are good and right. And so that’s why it’s incredibly important that we succeed with Grok. So, yeah, well, Grok 4.5 you’ve tried probably. We’ve got 4.6 coming out in about a week. And then 4.7 should be really pretty special. So I’d like to encourage everyone at SpaceX to use AI and to make it better.”

DogeDesigner

64,019 Aufrufe • vor 10 Tagen

"Courage is far shorter in supply than genius." - Peter Thiel "One of the challenges in writing a book about entrepreneurship or teaching a class on this is that there is sort of no formula. And I think science always starts with a number two. It starts with experiments you can repeat, things you can do over and over again. But there's sort of a sense in which every moment in the history of business, every moment in the history of technology happens only once. The next Mark Zuckerberg will not be starting a social networking company. The next Larry Page will not start a search engine. The next Bill Gates will not be starting an operating system. And so if you are trying to copy these people, you're in some sense not learning from them. And so I think one of the really big challenges in teaching or writing about entrepreneurship is what can you say about being an entrepreneur at all when the key thing is always to do something new, different, that's not precisely been done before. And so the point of departure I start with in Zero to One is a somewhat indirect approach by asking a series of contrarian questions. The business question is, what great company is nobody starting? The more intellectual version of this question is, tell me something true that very few people agree with you on. And this is a fantastic interview question. It turns out to be quite a hard question, even when people can read on the internet that you ask of everybody who comes in the door, it still is a hard question. It's one of those unusual questions where if you know it's on the test, it's still hard. And it's hard not just because we sort of think that new things require brilliance or something like that, but because it's socially difficult. If I ask you that question, if you tell me something like the education system is screwed up or our political system doesn't work very well, those are true answers, but they're not actually good answers because all of us already know them to be true. The good answers are ones that are somehow uncomfortable that the person interviewing you does not actually want to hear. And I think we live in this world where courage is in far shorter supply than genius. And so it is sort of this, it is in a sense this problem of political correctness properly understood, is this very deep, very, very broad sort of a problem."
2:28

"Courage is far shorter in supply than genius." - Peter Thiel "One of the challenges in writing a book about entrepreneurship or teaching a class on this is that there is sort of no formula. And I think science always starts with a number two. It starts with experiments you can repeat, things you can do over and over again. But there's sort of a sense in which every moment in the history of business, every moment in the history of technology happens only once. The next Mark Zuckerberg will not be starting a social networking company. The next Larry Page will not start a search engine. The next Bill Gates will not be starting an operating system. And so if you are trying to copy these people, you're in some sense not learning from them. And so I think one of the really big challenges in teaching or writing about entrepreneurship is what can you say about being an entrepreneur at all when the key thing is always to do something new, different, that's not precisely been done before. And so the point of departure I start with in Zero to One is a somewhat indirect approach by asking a series of contrarian questions. The business question is, what great company is nobody starting? The more intellectual version of this question is, tell me something true that very few people agree with you on. And this is a fantastic interview question. It turns out to be quite a hard question, even when people can read on the internet that you ask of everybody who comes in the door, it still is a hard question. It's one of those unusual questions where if you know it's on the test, it's still hard. And it's hard not just because we sort of think that new things require brilliance or something like that, but because it's socially difficult. If I ask you that question, if you tell me something like the education system is screwed up or our political system doesn't work very well, those are true answers, but they're not actually good answers because all of us already know them to be true. The good answers are ones that are somehow uncomfortable that the person interviewing you does not actually want to hear. And I think we live in this world where courage is in far shorter supply than genius. And so it is sort of this, it is in a sense this problem of political correctness properly understood, is this very deep, very, very broad sort of a problem."

Founder Mode

12,339 Aufrufe • vor 6 Monaten

Peter Thiel gave a speech in a Hilton in 2010 that holds the keys to unlocking the source of many of America’s most severe problems. Key quote: “The task in this world… where politics has become so broken… is to find a way to escape from it. It’s not a way to fix it.” Palantir is currently tightening its grip around all of our data. Elon Musk is diverting untold billions into a Mars fantasy. All of the anarchist, antidemocratic ideas of the PayPal Mafia and the “Dark Enlightenment”—to use technology as an “escape”—were already well in process 15 years ago. —The internet as “alternate virtual reality” so you don’t have to “constantly convince people.” This is why he funded Satoshi (Bitcoin), MAGA3X (Pizzagate, Q), and pushed Musk to buy Twitter —PayPal (now blockchain/crypto/BTC) was to “overturn the monetary system” —“Escape” now more often referred to as “exit” —“Autonomous countries” now known as the “network state” JD Vance is a full member of the cult of the broligarchs. Unfortunately, this has been a very thorough coup and they have backup. It’s worth really absorbing what the living Antichrist, Peter Thiel, is saying here: “I don't think despair is the only answer. And I don't think, and it's because I don't think politics is the only way to go. And my thinking on this, you know, started to take a turn towards a more optimistic perspective in the mid to late '90s when I got involved in the tech boom in Silicon Valley. I ended up being the co-founder of a company called PayPal where -- and the initial founding vision was that we were going to use technology to change the whole world and basically overturn on the monetary system of the world. And, you know, we can debate on how much it succeeded or how little it succeeded. And there were parts of it that I think have worked, and parts of it were, you know, the jury is still out. But the basic idea was that we could never win an election on getting certain things. Because we were in such a small minority. But maybe you could actually unilaterally change the world without having to constantly convince people and beg people and plead with people who are never going to agree with you through a technological means. And this is where I think technology is this incredible alternative to politics. And, you know, there are a number of different technologies we can outline, but the task in this world where politics has become so broken and so dysfunctional is to find a way to escape from it. It's not a way to fix it. It is a way to escape. And there are, you know, a number of different options. I think the promising one of the 1990s and this last decade has been to escape onto the Internet and to sort of create an alternate virtual reality. Questions, of course, is still how does it intersect with the real world? There are, I think, escaping to outer space is a promise, although I think the space technology is not quite there. So I think that's sort of for the second half of the 21st century. I think we can try to, you know, create autonomous countries on oceans, underwater, all sorts of other spaces. But I think technology is the vehicle for how we should be looking to escape and move beyond politics as we find it today.”
2:09

Peter Thiel gave a speech in a Hilton in 2010 that holds the keys to unlocking the source of many of America’s most severe problems. Key quote: “The task in this world… where politics has become so broken… is to find a way to escape from it. It’s not a way to fix it.” Palantir is currently tightening its grip around all of our data. Elon Musk is diverting untold billions into a Mars fantasy. All of the anarchist, antidemocratic ideas of the PayPal Mafia and the “Dark Enlightenment”—to use technology as an “escape”—were already well in process 15 years ago. —The internet as “alternate virtual reality” so you don’t have to “constantly convince people.” This is why he funded Satoshi (Bitcoin), MAGA3X (Pizzagate, Q), and pushed Musk to buy Twitter —PayPal (now blockchain/crypto/BTC) was to “overturn the monetary system” —“Escape” now more often referred to as “exit” —“Autonomous countries” now known as the “network state” JD Vance is a full member of the cult of the broligarchs. Unfortunately, this has been a very thorough coup and they have backup. It’s worth really absorbing what the living Antichrist, Peter Thiel, is saying here: “I don't think despair is the only answer. And I don't think, and it's because I don't think politics is the only way to go. And my thinking on this, you know, started to take a turn towards a more optimistic perspective in the mid to late '90s when I got involved in the tech boom in Silicon Valley. I ended up being the co-founder of a company called PayPal where -- and the initial founding vision was that we were going to use technology to change the whole world and basically overturn on the monetary system of the world. And, you know, we can debate on how much it succeeded or how little it succeeded. And there were parts of it that I think have worked, and parts of it were, you know, the jury is still out. But the basic idea was that we could never win an election on getting certain things. Because we were in such a small minority. But maybe you could actually unilaterally change the world without having to constantly convince people and beg people and plead with people who are never going to agree with you through a technological means. And this is where I think technology is this incredible alternative to politics. And, you know, there are a number of different technologies we can outline, but the task in this world where politics has become so broken and so dysfunctional is to find a way to escape from it. It's not a way to fix it. It is a way to escape. And there are, you know, a number of different options. I think the promising one of the 1990s and this last decade has been to escape onto the Internet and to sort of create an alternate virtual reality. Questions, of course, is still how does it intersect with the real world? There are, I think, escaping to outer space is a promise, although I think the space technology is not quite there. So I think that's sort of for the second half of the 21st century. I think we can try to, you know, create autonomous countries on oceans, underwater, all sorts of other spaces. But I think technology is the vehicle for how we should be looking to escape and move beyond politics as we find it today.”

Jim Stewartson, Decelerationist 🇨🇦🇺🇦🇺🇸

156,800 Aufrufe • vor 1 Jahr

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)
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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)

Startup Archive

457,561 Aufrufe • vor 10 Monaten