How To Build The Next Billion Dollar Startup | Forbes

A frank conversation with legendary tech investor Peter Thiel.


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[slingboi]

"A bad plan is still always better than no plan at all... Have a plan, you can always change it" - Peter Thiel 8:08

[jetliigor]

Billion dollar start ups always make us think the same thing. "Why didn't I think of this because it makes so much sense" .

[terrythompson]

You can't just follow your "passion".. I did that, sacrificed everything for it and ended up with nothing. There MUST be a demand for what it is that you are producing! The human value system is based on scarcity.. if you are offering people sand, they will not care to purchase it from you! Even if your sand is the best.. even if your sand looks like diamonds. So I roll my eyes at people who talk about "passion", because there are plenty of extremely successful, extremely wealth people providing services to us that are not necessarily pleasant for them to provide. I'm sure no one is "passionate" about sewage systems.. but they are necessary.

[mattpredictsofm.]

Personally, I think it all boils down to accessible opportunity.

[reinforz]

Peter Thiel's view on launching a successful startup is always enlightening. I like how he emphasizes the need of establishing a monopoly in your business rather than simply competing in a crowded market. This interview contains a wealth of useful information.

[gregorblaszczyk]

It's often amazing how hard it seems for many people to understand that there aren't any quick fixes or easy solutions for things that really matter

[Sovereign_Citizen_LEO]

I think his message is very accurate, truthful, and well spoken.

[radualbastroiu]

Peter Thiel's book Zero to One is great, I recommend it

[dogestranding]

This guy is one of the best VCs out there. He definitely knows what he's talking about.

[samaila]

Listening to 'Zero to One' by Peter Thiel again has been really thought-provoking. Here are my key takeaways:

✅ The best businesses are doing something no one else is doing.
✅ Find a problem that wouldn't otherwise get solved.
✅ Find an area that you love and that others are overlooking.
✅ Make a great product that can get better over time, not a mediocre product that needs fixing..
✅ Think ahead and anticipate how your product, your competitors, your technology and your world will change.
✅ Start a company with people you trust and know well.

I'm curious whether these ideas can also apply to businesses that are not startups.

[startuplifejonezie]

This is awesome!! Peter Thiels Zero to One has been a huge inspiration for our startup company.

[pikagelaum]

I am brasilian, work really hard all my life outside the areas that i liked and aint in a great college. Today I work at one company I've always admire and am passioned about, in the area that i've always wanted to act. It wasnt easy, required A LOT of planning and some luck. Thanks for the great ideas that you guys are spreading. I hope one day I work with thoose people.

[tyrones]

You have confirm what I have been saying to myself...doing something that you are passion about. I'm glad I watch this video.

[kushagrabainsla]

This man is packed with some serious knowledge.

[lenievillarante]

I do believe that outstanding leaders are Visionaries who see things quite differently. And these people don’t do competition they do things with pure intentions which I certainly admire as they are genuine or authentic, and the moment we talked to them, they just simply get it what the problem is.

[ZachBoughaffour]

Launching my company soon - wish me luck boys.

[_ADHKA_]

Watching this video ... I remembered that I always wanted to work on company that solves climate change and produces outstanding quality food to repair our DNA. This is meaningful to me. I almost forgot it while seeking the next tech unicorn. I'm going to do it. Thank you Peter, and thank Forbes for this content.

[saurabhpagare]

very good questions and answers too thank you

[raulromani]

A bad plan is better than no plan at all. Don't set you up for failure and start planing right now. 8:00

[victormendoza]

I do believe there is value in being the 10th company. The value in one's own financial freedom and value in motivating the 1st company to stay the 1st and for that 1st company to provide top-of-the-line products as a result of competition vs becoming lazy being a monopoly.