4 ms·
That's a great explanation. It's unfortunate that Peter Thiel chose to express his idea is such a confusing way, and also to imply that what he was saying some
by swatow 12y ago
That's a great explanation. It's unfortunate that Peter Thiel chose to express his idea is such a confusing way, and also to imply that what he was saying somehow was counter to conventional economics.
- api 12y agoHe expressed it in a bit of a one-sided way, and did that with a few other things too. I think he has the common tendency to do this when the other side of the equation is over-represented in popular discussion. For another example, he takes a virtually opposite position to some versions of the Lean Startup dogma -- he advocates making plans and thinking conceptually instead of just engaging in "gradient descent" to find a product-market fit. But the truth is that both approaches have their place and are important. The latter is just over-represented in the popular mind these days, largely as a reaction against the rash of high concept "this should work because we've reasoned that it should work" failed startups in the late 90s. (Lean Startup itself is a reaction against the late 90s.)