Customers wonโt care about any particular technology unless it solves a particular problem in a superior way. And if you canโt monopolize a unique solution for a small market, youโll be stuck with vicious competition.
Peter ThielI do tend to think that things that have incredibly long time horizons often do involve market failures.
Peter ThielNow itโs either about technology that doesnโt work or about technology thatโs used in bad ways. The anthology of the top twenty-five sci-fi stories in 1970 was, like, โMe and my friend the robot went for a walk on the moon,โ and in 2008 it was, like, โThe galaxy is run by a fundamentalist Islamic confederacy, and there are people who are hunting planets and killing them for fun.โ
Peter Thiel