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Peter Thiel on what he would look for if he was joining a startup
Wharton professor Adam Grant asks Peter Thiel what he would look for if he was joining an early-stage startup. Thiel gives a simple response:
“Do you like the people? Do you think you could become good friends with these people? That’s such a critical part for getting these things to work.”
He recalls interviewing with a law firm in New York early in his career and one partner telling him:
“It’s a place where everybody hates everybody else, but we all make lots of money.”
The partner viewed it as an illustration of how incredibly “professional” the firm was. But Thiel argues that we need more than just “professional” at work.
Thiel elaborates more on this idea in his book Zero to One:
“Why work with a group of people who don’t even like each other? Many seem to think it’s a sacrifice necessary for making money. But taking a merely professional view of the workplace, in which free agents check in and out on a transactional basis, is worse than cold: it’s not even rational. Since time is your most valuable asset, it’s odd to spend it working with people who don’t envision any long-term future together. If you can’t count durable relationships among the fruits of your time at work, you haven’t invested your time well—even in purely financial terms.”
Video source: @Wharton (2014)
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Peter Thiel on what he would look for if he was joining a startup
Wharton professor Adam Grant asks Peter Thiel what he would look for if he was joining an early-stage startup. Thiel gives a simple response:
“Do you like the people? Do you think you could become good friends with these people? That’s such a critical part for getting these things to work.”
He recalls interviewing with a law firm in New York early in his career and one partner telling him:
“It’s a place where everybody hates everybody else, but we all make lots of money.”
The partner viewed it as an illustration of how incredibly “professional” the firm was. But Thiel argues that we need more than just “professional” at work.
Thiel elaborates more on this idea in his book Zero to One:
“Why work with a group of people who don’t even like each other? Many seem to think it’s a sacrifice necessary for making money. But taking a merely professional view of the workplace, in which free agents check in and out on a transactional basis, is worse than cold: it’s not even rational. Since time is your most valuable asset, it’s odd to spend it working with people who don’t envision any long-term future together. If you can’t count durable relationships among the fruits of your time at work, you haven’t invested your time well—even in purely financial terms.”
Video source: @Wharton (2014)
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Startup Archive
RT @ancerj: Look at Europe. The default of civilization is decadently demanding resources be spent *now* on pet projects, retirement, "quality of life;" not on a better future that verbalists will call unreasonable, unsustainable, unequal.
It takes bold live players to halt that dynamic.
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RT @ancerj: Look at Europe. The default of civilization is decadently demanding resources be spent *now* on pet projects, retirement, "quality of life;" not on a better future that verbalists will call unreasonable, unsustainable, unequal.
It takes bold live players to halt that dynamic.
Elon Musk: “Technology does not automatically improve”
“People are mistaken when they think that technology just automatically improves. It does not automatically improve. It only improves if a lot of people work very hard to make it better. And actually it will I think—by itself—degrade.”
Elon continues:
“If you look at the progress in space, in 1969 we were able to send somebody to the moon. Then we had the Space Shuttle. The Space Shuttle could only take people to low-earth orbit. Then the Space Shuttle retired and the United States could take no one to orbit.”
This is why he believe SpacEx’s mission of making humans a space-faring civilization is so important. It’s not inevitable, and it will require a lot of talented people working really hard to make it happen.
“You look at great civilizations like ancient Egypt, and they were able to make the pyramids, and they forgot how to do that. And the Romans, they built these incredible aqueducts. They forgot how to do it.”
Video source: @TEDTalks (2017) tweet
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Quiver Quantitative
BREAKING: Senator Shelley Moore Capito just disclosed a purchase of stock in GE Aerospace, $GE.
GE Aerospace makes jet engines for military aircraft.
Capito sits on the Senate Appropriations Subcommittee on Defense, which oversees defense spending. https://t.co/CamVzQV09F
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BREAKING: Senator Shelley Moore Capito just disclosed a purchase of stock in GE Aerospace, $GE.
GE Aerospace makes jet engines for military aircraft.
Capito sits on the Senate Appropriations Subcommittee on Defense, which oversees defense spending. https://t.co/CamVzQV09F
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Geopolitical tension is one of the main risks that $ASML is facing. Here's a breakdown of its revenue by geography 👇 https://t.co/mCJVzJwEoy
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Geopolitical tension is one of the main risks that $ASML is facing. Here's a breakdown of its revenue by geography 👇 https://t.co/mCJVzJwEoy
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Stock Analysis Compilation
THB AM on Hawkins $HWKN US
Thesis: Hawkins leverages strategic acquisitions and cost synergies to dominate niche markets and drive robust cash flow growth
(Extract from their Q3 letter) https://t.co/ijuXHQwOsy
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THB AM on Hawkins $HWKN US
Thesis: Hawkins leverages strategic acquisitions and cost synergies to dominate niche markets and drive robust cash flow growth
(Extract from their Q3 letter) https://t.co/ijuXHQwOsy
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Quiver Quantitative
RT @QuiverCongress: JUST IN: Representative @VernBuchanan has introduced legislation to make daylight savings time permanent.
Follow here for updates. https://t.co/YuYewvKbQt
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RT @QuiverCongress: JUST IN: Representative @VernBuchanan has introduced legislation to make daylight savings time permanent.
Follow here for updates. https://t.co/YuYewvKbQt
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Quiver Quantitative
RT @QuiverCongress: JUST IN: Representative @laurenboebert has introduced legislation to abolish the ATF.
Follow here for updates. https://t.co/qc694YeJrn
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RT @QuiverCongress: JUST IN: Representative @laurenboebert has introduced legislation to abolish the ATF.
Follow here for updates. https://t.co/qc694YeJrn
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NVIDIA is inches away from being the most valuable company in the world.
Here's the company at a glance👇 https://t.co/3g2kb52w9A
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NVIDIA is inches away from being the most valuable company in the world.
Here's the company at a glance👇 https://t.co/3g2kb52w9A
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