Peter Thiel Quotes


Superior sales and distribution by itself can create a monopoly, even with no product differentiation. The converse is not true. No matter how strong your product-even if it easily fits into already established habits and anybody who tries it likes it immediately-you must still support it with a strong distribution plan.


Citations

Thiel, Peter, and Blake Masters. Zero to One: Notes on Startups, or How to Build the Future. Crown Business, 2014, p. 132.

Related Quotes

Boeing had the foresight to invest in the concept of Air Mail by bidding low at the beginning, becoming the best in the nation, and then raising prices when no one else can compete—a technique called “buying in”. However, he was so successful that he soon had a monopoly on all the airmail in the country. Each new airmail contract would require more and more capability and Boeing used the existing contracts to finance the R&D and training of manpower to present a better and better service. Soon, no other company could compete at any price. Boeing indeed had a monopoly but each step of the building of it he did at the request of the government or was the low bidder and saved the taxpayer money. The airmail contracts were canceled and air service was nationalized. William Boeing was so disgusted by the way he was treated in the Congressional Hearings, that he sold his interest in the Boeing Company and would have nothing to do with making planes or providing services to the government thereafter.


Peter Thiel
Peter Thiel
  • Born: October 11, 1967
  • Nationality: American
  • Profession: Businessman, Entrepreneur, Investor

Peter Andreas Thiel is a German-American billionaire entrepreneur and venture capitalist. A co-founder of PayPal, Palantir Technologies, and Founders Fund, he was the first outside investor in Facebook. He was ranked No. 4 on the Forbes Midas List of 2014, with a net worth of $2.2 billion, and No. 391 on the Forbes 400 in 2020, with a net worth of $2.1 billion. In 2016, Thiel confirmed that he had funded Hulk Hogan in the Bollea v. Gawker lawsuit because Gawker had previously outed him as gay. The lawsuit eventually bankrupted Gawker.