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.
Peter ThielIn the most dysfunctional organizations, signaling that work is being done becomes a better strategy for career advancement than actually doing work (if this describes your company, you should quit now).
Peter ThielI 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.
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