Competition is for losers is an observation how many people can win a race vs how many people can lose. Only one can win, the rest lose, which is by definition

Competition is for losers is an observation how many people can win a race vs how many people can lose. Only one can win, the rest lose, which is by definition at least 50% of the participants. It’s true that competition can be motivating sometimes, and there are lots of great examples of startups beating the competition. Thiel isn’t saying don’t try hard, he’s just saying think hard about picking the race that you’re more likely to win.