The millennial generation in the US is the first that has reduced expectations from those of their parents. And I think there is something decadent and declinist about that. Peter Thiel decadentdeclinistexpectation Change image and share on social
If you're trying to develop a new drug, that costs you a billion dollars to get through the FDA. If you want to start a software company, you can get started with maybe $100,000. Peter Thiel 000billioncompany Change image and share on social
An entrepreneur must deal with more uncertainty than a professional with a well-defined role. Peter Thiel dealdefineentrepreneur Change image and share on social
One of my friends started a company in 1997, seven years before Facebook, called SocialNet. And they had all these ideas, and you could be, like, a cat, and I'd be a dog on the Internet, and we'd have this virtual reality, and we would just not be ourselves. That didn't work because reality always works better than any fake version of it. Peter Thiel callcatcompany share on social
In the '30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this productivity growth happening. That's not going to work today. Peter Thiel 30sgrowthhappen Change image and share on social
Investors are always biased to invest in things they themselves understand. So venture capitalists like Uber because they like driving in black town cars. They don't like Airbnb because they like staying in five-star hotels, not sleeping on people's couches. Peter Thiel airbnbbiasblack share on social
I believe we are in a world where innovation in stuff was outlawed. It was basically outlawed in the last 40 years - part of it was environmentalism, part of it was risk aversion. Peter Thiel aversionbasicallyenvironmentalism Change image and share on social
Spiraling demand for resources of which our world contains a finite supply is the great long-term threat posed by globalisation. That is why we need new technology to relieve it. Peter Thiel demandfiniteglobalisation Change image and share on social
I believe if we could enable people to live forever, we should do that. I think this is absolute. Peter Thiel absoluteenableforever Change image and share on social
People are spending way too much time thinking about climate change, way too little thinking about AI. Peter Thiel changeclimatepeople Change image and share on social