Zero to One: Notes on Startups, or How to Build the Future

by Peter Thiel

once you think that you’re playing the lottery, you’ve already psychologically prepared yourself to lose.

Choosing a business or stock like a lottery ticket

Choosing a co-founder is like getting married, and founder conflict is just as ugly as divorce.

We sold PayPal to eBay for $1.5 billion in 2002. Since then, Elon Musk has founded SpaceX and co-founded Tesla Motors; Reid Hoffman co-founded LinkedIn; Steve Chen, Chad Hurley, and Jawed Karim together founded YouTube; Jeremy Stoppelman and Russel Simmons founded Yelp; David Sacks co-founded Yammer; and I co-founded Palantir. Today all seven of those companies are worth more than $1 billion each. PayPal’s office amenities never got much press, but the team has done extraordinarily well, both together and individually:

What a team!!!