Peter Thiel
Peter Thiel
Peter Andreas Thielis a German-American entrepreneur, venture capitalist and hedge fund manager. Thiel co-founded PayPal with Max Levchin and Elon Musk and served as its CEO. He also co-founded Palantir, of which he is chairman. He was the first outside investor in Facebook, the popular social-networking site, with a 10.2% stake acquired in 2004 for $500,000, and sits on the company's board of directors...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth11 October 1967
CountryUnited States of America
All of us have to work toward a definite future... that can motivate and inspire people to change the world.
There is a sort of genre of optimistic science fiction that I like, and I don't think there is enough of. One of my favourites is a short story by Arthur C. Clarke, 'The City and the Stars.' It's set in this far future on Earth in this somewhat static society and trying to break out.
I think people in Europe are generally pessimistic about the future. They have low expectations; they're not working hard to change things. When you're a slacker with a pessimistic view of the future, you're likely to meet those expectations.
Properly defined, a startup is the largest group of people you can convince of a plan to build a different future.
The optimism that many felt in the 1960s over labour-saving technology is giving way to a fearful question: 'Will your labour be good for anything in the future? Or will you be replaced by a machine?'
From my perspective, I think the question of how we build a better future is an extremely important overarching question, and I think it's become obscured from us because we no longer think it's possible to have a meaningful conversation about the future.
College gives people learning and also takes away future opportunities by loading the next generation down with debt.
All Rhodes Scholars had a great future in their past.
Unsolved problems are where you'll find opportunity. Energy is one sector with extremely urgent unsolved problems.
'Perfect competition' is considered both the ideal and the default state in Economics 101. So-called perfectly competitive markets achieve equilibrium when producer supply meets consumer demand.
I would consider myself a rather staunch libertarian.
Monopolies are bad and deserve their reputation when things are static and the monopolies function as toll collectors... But I think they're quite positive when they're dynamic and do something new.
Men and machines are good at different things. People form plans and make decisions in complicated situations. We are less good at making sense of enormous amounts of data. Computers are exactly the opposite: they excel at efficient data processing but struggle to make basic judgments that would be simple for any human.
My hope is that we're going to end up with a far more tolerant society, where the erosion of privacy, to the extent it erodes, will be offset by increased tolerance.