Episode notes
On today’s classic episode, we study Billionaire Peter Thiel. Peter co-founded PayPal and he was the CEO until the sale to eBay in 2002 for $1.5 billion. After the sale of PayPal, Thiel started a big data analysis company called Palantir Technologies. He also became the founder of a venture capital firm called Founders Fund. With this firm, Thiel became Facebook’s first outside investor when he acquired a 10% stake for as little as $500,000 in August of 2004. Peter’s personal net worth today is about $5 billion and he remains active in numerous tech businesses.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
06:26 - Why and how Peter Thiel is always inverting his thinking and why you should do the same.
15:48 - Why do visionaries think in terms of a tipping point for employees rather than a tipping point for revenue.
38:52 - Why computers replacing people is an angst narrative that is not true.
44:45 - Stig and Preston answer a question from the audience and discuss how much value investors should pay attention to the bond yield curve.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Listen to Preston and Stig’s discussion of Peter Thiel’s book, Zero to One, or watch the video.
- Read Preston and Stig’s executive summary of Peter Thiel’s book, Zero to One
- Reid Hoffman’s book, Blitzscaling – Read reviews of this book
- Ryan Holiday’s book, Conspiracy – Read reviews of this book
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