TIP225: LESSONS LEARNED
FROM BILLIONAIRE PETER THIEL
13 January 2019
On today’s show, we cover a very famous Silicon Valley billionaire, Peter Thiel. For people who aren’t familiar with Peter, he’s a graduate of Stanford University. After he graduated from college, he started off as a judicial clerk working as a securities lawyer and he even did some derivatives trading at Credit Suisse before starting his own Capital Management Company.
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IN THIS EPISODE, YOU’LL LEARN:
- Why and how Peter Thiel is always inverting his thinking and why you should do the same.
- Why visionaries think in terms of a tipping point of employees rather than a tipping point for revenue.
- What Peter Thiel knows that no one agrees with him on.
- Why computers replacing people is an angst narrative that is not true.
- Ask The Investors: How much should value investors pay attention to the bond yield curve?
TRANSCRIPT
Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.
Preston Pysh 0:02
On today’s show, we cover a very famous Silicon Valley billionaire, Peter Thiel. For people who aren’t familiar with Peter, he’s a graduate of Stanford University. After he graduated from college, he started off as a judicial clerk working as a securities lawyer and he even did some derivatives trading at Credit Suisse before starting his own Capital Management Company.
Then in 1999, he co-founded a little company called 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 $500,000 in August of 2004.
Peter’s personal net worth today is about $2.5 billion and he remains active in numerous tech businesses.
On today’s show, we cover a few of the more interesting questions that Peter has responded to lately. We’re really looking forward to digging into some of his responses. Without further delay, here’s our episode covering Peter Thiel.
Intro 1:12
You are listening to The Investor’s Podcast where we study the financial markets and read the books that influenced self-made billionaires the most. We keep you informed and prepared for the unexpected.
Preston Pysh 1:32
All right, welcome to The Investor’s Podcast. I’m your host Preston Pysh. As usual, I’m accompanied by my co-host Stig Brodersen.
Like we said in the introduction, we’re going to be covering everything Peter Thiel today. For people who don’t know Peter, he was an early investor in Facebook.
He was asked a question in reference to his early investment in Facebook and he was asked why you should have a specific strategy for your business and stick to it. This was how he responded
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BOOKS AND RESOURCES
- Related Epsiode: Listen to Preston and Stig’s discussion of Peter Theil’s book, Zero to One or watch the video here.
- Preston and Stig’s executive summary of Peter Theil’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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