Peter Thiel Company Quotations

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.

Whenever I talk to people who founded a company, I often like to ask the prehistory questions 'When did you meet? How long have you been working before you started the company?' A bad answer is, 'We met at a networking event a week ago, and we started a company because we both want to be entrepreneurs.'

It's a horribly mismanaged company-probably a lot of pot smoking going on there.

No company has a culture, every company is a culture

First, only invest in companies that have the potential to return the value of the entire fund.

What valuable company is nobody building?

There is perhaps no specific time that is necessarily right to start your company or start your life. But some times and some moments seem more auspicious than others. Now is such a moment. If we don’t take charge and usher in the future—if you don’t take charge of your life—there is the sense that no one else will.

Recruiting is a core competency for any company. It should never be outsourced.

All failed companies are the same: they failed to escape competition.