Peter Thiel

@BETALAUNCH.HQ In this chapter Theil points out how founders are usually very unusual people. Unusual traits are self-reinforcing. In this chapter Theil has mentioned many

@BETALAUNCH.HQ Cleantech companies were huge in the 20th century. A lot of money was poured into cleantech companies. And most of them ended up going

@BETALAUNCH.HQ People worry that computers are replacing people. That a process similar to globalization is taking place, similar to how people lose their jobs in

@BETALAUNCH.HQ People don’t understand the importance of sales and distribution. Marketing is important as it helps people discover products, and advertising is important as it

@BETALAUNCH.HQ From outside everyone in the company should be different in the same way. On the inside, every individual should be sharply distinguished by their

@BETALAUNCH.HQ Foundations are very important. A start up messed up at the foundation cannot be fixed. Start off by choosing the right co-founder. Don’t choose

@BETALAUNCH.HQ In today’s day and age, it is the new norm to have no hard questions, as technology has answered all of them. Some questions

@BETALAUNCH.HQ The economist Vilfredo Pareto noticed that 20% of peapods in the garden produced 80% of the peas, and similarly, 20% of the people owned

@BETALAUNCH.HQ Some say success is a result of luck, while others say it’s a result of hard work. This is an argument that will never

@BETALAUNCH.HQ In this chapter, Theil speaks about great businesses and their abilities to generate cash flow. He says, “A great business is defined by its

@BETALAUNCH.HQ Creative monopoly means products that benefit everybody and sustainable profits for the creator and competition means no profit for anybody. So why is competition

@BETALAUNCH.HQ In order to create and capture lasting value, don’t build an undifferentiated commodity business, or substitutable products. You can determine how much a company

@BETALAUNCH.HQ If you can identify a delusional popular belief, you can identify what lies behind it. This is the contrarian truth. Take the 90s for

@BETALAUNCH.HQ The future is a period in which things will be different or more advanced than they are today. A set of moments yet to