Twitter/X

Peter Thiel (@Founder_Mode_) argues entrepreneurship has no repeatable formula…

Brief

Peter Thiel argues that entrepreneurship lacks a repeatable formula because major technological breakthroughs are one-time historical events. In Zero to One he advocates asking contrarian questions—e.g., ‘what great company is nobody starting?’ and ‘tell me something true that very few people agree with you on’—to reveal courageous, uncommon ideas often suppressed by political correctness.

Why it matters

Peter Thiel (@Founder_Mode_) argues entrepreneurship has no repeatable formula and landmark tech moves are unique: “the next Mark Zuckerberg will not be starting a social networking company; the next Larry Page will not start a search engine; the next Bill Gates will not be starting an operating system.”

Key details

  • In Zero to One Thiel prescribes a contrarian-method: ask business question ‘what great company is nobody starting?’ and the interview prompt ‘tell me something true that very few people agree with you on,’ claiming this question is hard, socially difficult, and diagnostic of courage.
  • Thiel claims courage is far rarer than genius and frames political correctness as a broad social problem that suppresses the uncomfortable, original answers entrepreneurs need to surface.
Source evidence

"One of the challenges in writing a book about entrepreneurship or teaching a class on this is that there is sort of no formula.

And I think science always starts with a number two. It starts with experiments you can repeat, things you can do over and over again.

But there's sort of a sense in which every moment in the history of business, every moment in the history of technology happens only once.

The next Mark Zuckerberg will not be starting a social networking company.

The next Larry Page will not start a search engine.

The next Bill Gates will not be starting an operating system. And so if you are trying to copy these people, you're in some sense not learning from them.

And so I think one of the really big challenges in teaching or writing about entrepreneurship is what can you say about being an entrepreneur at all when the key thing is always to do something new, different, that's not precisely been done before.

And so the point of departure I start with in Zero to One is a somewhat indirect approach by asking a series of contrarian questions.

The business question is, what great company is nobody starting?

The more intellectual version of this question is, tell me something true that very few people agree with you on. And this is a fantastic interview question.

It turns out to be quite a hard question, even when people can read on the internet that you ask of everybody who comes in the door, it still is a hard question.

It's one of those unusual questions where if you know it's on the test, it's still hard.

And it's hard not just because we sort of think that new things require brilliance or something like that, but because it's socially difficult.

If I ask you that question, if you tell me something like the education system is screwed up or our political system doesn't work very well, those are true answers, but they're not actually good answers because all of us already know them to be true.

The good answers are ones that are somehow uncomfortable that the person interviewing you does not actually want to hear.

And I think we live in this world where courage is in far shorter supply than genius.

And so it is sort of this, it is in a sense this problem of political correctness properly understood, is this very deep, very, very broad sort of a problem."

Video

David Senra (@FoundersPodcast)

Peter Thiel:

— https://nitter.net/FoundersPodcast/status/2078650643204673971#m