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Well Peter, you're part of the problem. The more you invest in e.g.: social networks the more entrepreneurs are going to follow that instead of, you know, what
by igorgue 15y ago
Well Peter, you're part of the problem. The more you invest in e.g.: social networks the more entrepreneurs are going to follow that instead of, you know, what you call "innovation".
- notahacker 15y agoThis. The best recent examples of (i) companies capturing multibillion dollar markets through timing and effective implementation of existing concepts and (ii)profit bandwagon-jumping companies with no redeeming features whatsoever I can think of are both in Thiel's portfolio. you probably know which companies I'm respectively referring to. The return that he's going to generate from Facebook and Zynga may be reinvested in exciting technologies, but in the mean time his successes offer several billion reasons for others to copy his smart bets on companies whose innovations probably won't be lauded in future centuries