What is the magic formula that has enabled Peter Thiel “crack the code” , thrive and win in the chaos that is early tech and startup investing?
Investing in startups and early stage tech companies is frought with failures, chaos and disappointments.
They say that Peter Thiel is one of the most successful investors in Silicon Valley.
Part of the paypal mafia with Elon Musk, David Segal, Roelof Botha , Reid Hoffman and Jayde Vance - his investments include Facebook (the first outside investor) , SpaceX , Tesla , Airbnb , Palantir, Bitcoin and Ethereum .
Which brings me to point number 1 -
1. Your network is your networth - have people around you that you know like and trust and that have the ability to support you!
2. Resilience - is a biggy - continuing when most people quit.
3. be super niche - own 𝗮 𝗧𝗶𝗻𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗕𝗲𝗳𝗼𝗿𝗲 𝗬𝗼𝘂 𝗗𝗿𝗲𝗮𝗺 𝗕𝗶𝗴
Stop trying to “boil the ocean.” Instead, corner a small, hyper-specific market. Become the king of that niche, then expand your empire. You just need to be everything to the right few people
4. 𝗬𝗼𝘂𝗿 𝗣𝗿𝗼𝗱𝘂𝗰𝘁 𝗦𝗵𝗼𝘂𝗹𝗱 𝗦𝗲𝗹𝗹 𝗜𝘁𝘀𝗲𝗹𝗳
Build something so good that people can’t shut up about it. Great products create demand; mediocre ones need PR stunts. Finding product-market fit is always job #1.
A culture that’s tight-knit and laser-focused on a shared vision separates legends from has-beens.
Build a team obsessed with your company’s mission or prepare for HR chaos (and failure).
If you’re copying what everyone else is doing, congrats, you’re irrelevant. Thiel’s advice: think contrarian. The next big idea won’t come from playing it safe. Learn to think for yourself and connect points others ignore. Let curiosity reign.
Short-term wins are cute, but they won’t build a legacy. Play the long game. Focus on moves that still make sense 10 years down the road. Instant gratification is for amateurs. It’s easier to attract top talent to big visions.
The secret to scale is a product that gets better the more people use it. Think PayPal, Facebook, or LinkedIn. Build something that feeds off its own growth. Non-tech products can do this too with a compelling brand and obsessed customer base.
Massive teams sound cool until you realize they’re just expensive bureaucracy. A small, scrappy, no-BS team can pivot faster, adapt quicker, and punch above their weight class.
Train yourself to see what others ignore and go where no one else dares. Achieve this by creating space to think, observe, and be curious.
The struggle is certain, but suffering is a choice. Take care of yourself, build community, and learn to laugh at challenges. Building a startup is hard, but it mustn’t be horrible.
𝘓𝘰𝘰𝘴𝘦𝘯 𝘶𝘱 𝘢 𝘣𝘪𝘵!
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Source
FounderIV - written by founders for founders to help you build a great life and a great business.
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