Peter Thiel Quotes

We have been told many times that we have become too big, but these are things that only someone who has no idea of the size of the competition can say. We are too small.

All failed companies are the same: they failed to escape competition.

Large companies are not going to disappear. Multinational companies with tens of thousands of employees are not going to disappear. In fact, many of them are getting larger because they can benefit from economies of scale.

If you start a successful company in China at 11 A.M., by 2 P.M. there's three more companies like it.

Look at Microsoft, Google, and Facebook. They have all entered many sectors, and actually, in many of those sectors, they weren't as early as Tencent.

Koch companies employ 60,000 Americans, who make many thousands of products that Americans want and need.

I think right now the jury is out on where and how much profit is available in the consumer electronics industry, because if you look at the current consumer electronics players, the biggest ones on the planet struggle to make profit consistently.

If somebody told me you'd be a one and a half billion dollar company and be the largest in the world, I wouldn't have believed it myself.

If being the biggest company was a guarantee of success, we'd all be using IBM computers and driving GM cars.

It's harder than ever to build an enduring company. As soon as a product strikes a nerve with customers, competitors emerge globally because the costs to start are so low.

And our size: The company this year is going to be close to $50 billion, so if that's the case and you can continue to grow that fast, I would rather put my energies to solving customer problems and growing our business than worrying about integrating and laying people off.

The United States is a huge market, and once you get rolling, you can replicate that model over and over pretty easily. Your supply lines are taken care of. You don't have technicians to deal with. You've got your customer base.

New markets shall not be allowed to interfere with the interests of former ones.

India is a large market where our focus will be to grow faster than the market and add few percentage points to our market share every year.

Small companies tend to go out of business. Large ones don't.

In the simplest terms, a fast-growing company can't keep growing at the same fast rate forever. It eventually has to slow down.

Tomorrow I will have new competitors such as Google, Microsoft, and Facebook coming into my garden. I'd rather focus on the competition of tomorrow than combine with the competition of today.

If I look at my own growth, I started in product design. And we grew and created new products, and we were also able to change the idea of design a few times.

We do not believe in oversupplying the market. When you are a large company, you can afford to do it. When you are a small player, your flexibility gets reduced.

There's a great debate going on, you know, on whether we're moving toward a system of giant oligopolies or a system of multiples of small businesses. Which is it? I think it's both. In every sector of the economy, we have giant brands that are trustworthy guides to what's good, and then a vast number of small groups, many of them project-based, sometimes folding and re-creating, that are offering products and services through those giant global brands.

The reality is that we've seen the last of any serious price wars for a long time. I don't think any of the others could afford it, certainly not on a long-term basis.

If you gave me $100 billion and said take away the soft drink leadership of Coca-Cola in the world, I'd give it back to you and say it can't be done.

If there are too many competitors, even if you're the best it's a lot harder to win.

The livelihood of the restaurant is dependent upon getting the word out. There's so much more competition. You can do an event every week and not cook at all.

People have learned a lot about my company and now they realize, my company is much bigger, much more powerful than they ever thought. We're in many, many countries, and I'm very proud of it.