An interview with billionaire investor and author of Zero to One, Peter Thiel. In this interview Peter discusses what characteristics a business should aim for and why it is better to have a monopoly instead of intense competition. Peter also talks about higher education, the future of technology and the meaning of life.
Billionaire Peter Thiel: Starting A Business And Education
Other great Venture Capitalists videos:
Marc Andreessen: Venture Capital Investment Philosophy:http://bit.ly/MAndreessenVid1
Billionaire Chris Sacca on Investing, Venture Capital and Life:http://bit.ly/CSaccaVid1
Billionaire Peter Thiel on Entrepreneurship, Innovation and Competition: http://bit.ly/PTheilVid1
1:30 Horizontal and vertical progress
2:09 Techology matters more than globalisation
3:06 We have to invent in new things
4:30 Civilisation must advance
5:12 It's better to risk boldness than to be trivial
7:03 Competitive markets destroy profits
7:43 There are only two types of business
9:13 Analysis of Ford and GM
11:05 Thinking of brand as an investor
12:17 Focus on your product
13:34 Must a company have sales and distribution before you would invest?
14:22 A bad plan is better than no plan
15:31 Do you plan ahead?
16:32 Could the 24 year old peter thiel established the goal of you now?
17:04 Isnt the advancement of computers enough?
20:02 Slow growth and stagnation
21:48 Are you like Ronald Reagan?
22:07 Education in a bubble
25:22 How will the bubble pop?
26:58 Advice for 18 year old Peter Thiel
27:47 The alternatives to University will take what form?
28:47 What went wrong with the government?
30:47 Private v public money
32:39 If we could roll back regulation, would the economy recover fast?
34:10 Should every bright student turn there back on the system?
35:20 Teach for America
35:35 New York v Silicon Valley
36:28 New York trying to be like Silicon Valley
37:37 Computers are complements for humans
39:59 Free will
40:43 The meaning of life