You have as much computing power in your iPhone as was available at the time of the Apollo missions. But what is it being used for? Itโs being used to throw angry birds at pigs; itโs being used to send pictures of your cat to people halfway around the world; itโs being used to check in as the virtual mayor of a virtual nowhere while youโre riding a subway from the nineteenth century.
Peter ThielI do tend to think that things that have incredibly long time horizons often do involve market failures.
Peter ThielThere are many more secrets in the world that are waiting to be found. The question of how many secrets exist in our world is roughly equivalent to how many startups people should start.
Peter ThielPeople working on bigger ideas on a more protracted timeline will be more on the stealth side. They arenโt releasing new PR announcements every day. The bigger the secret and the likelier it is that you alone have it, the more time you have to execute. There may be far more people going after hard secrets than we think.
Peter Thiel