Re:Peter Thiel on the Future of Innovation
by Zigurd on Tuesday April 07, 2015 @09:24AM
(#9333810)
I read Zero to One. It's not a bad book. But you can boil it down to "Our investment philosophy is to invest only in ventures that can monopolize a sector, preferably while appearing world-changing and benevolent in the process."
I don't see that as a problem, but I also don't see it as a sustainable process. Maybe that doesn't matter since VC fund performance is such a hall of mirrors that having the magic investment criterion is better than having the best numbers.
There is certainly nothing wrong with prompting entrepreneurs to aim for that kind of a business.
Re:Peter Thiel on the Future of Innovation
by timdaub on Tuesday April 07, 2015 @09:54AM
(#9334002)
Do not agree with the summary.
The chapters on (non-)determinism, man and machine as well as his take on secrets are great examples of tightly distilled, high quality content the book also covers.
I don't see that as a problem, but I also don't see it as a sustainable process. Maybe that doesn't matter since VC fund performance is such a hall of mirrors that having the magic investment criterion is better than having the best numbers.
There is certainly nothing wrong with prompting entrepreneurs to aim for that kind of a business.