Peter Thiel Talks to Stanford Young Entrepreneurs on Innovation
In the video, Thiel discusses entrepreneurship from two opposite standpoints: 1. Take the money and run, and 2. Building a company to last. He also talks about the difference between running a company yourself as an entrepreneur, or bringing in outside management to run your company for you.
Thiel brings an interesting historical perspective to tech startups of the past 20 years, bringing up many of the conundrums which founding entrepreneurs had to solve in order to succeed.
Interestingly, Thiel extends these problem-solving concepts which are wrestled with by tech entrepreneurs, onto the thinking of the US as a society in solving its current set of problems. In other words, how would an innovator and entrepreneur solve the modern problems of the US and other modern nations? (see this Business Insider article for a rather non-perceptive interpretation of Thiel's talk)
Thiel's discussion of the need for technological growth and innovation in order to create any type of livable future, should be an eye-opener for most stasists, but unfortunately it is likely to go right over their heads.
It is Thiel speaking as a successful insider which makes the talk interesting. Continued success in the modern world is either a result of being good, being consistently lucky (very unlikely), or being connected to corrupt seats of power (the Obama crony approach). Needless to say, Thiel as a libertarian has had to make it on his own, without cronyism.
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