This was the most interesting of this series of notes yet. And the conclusion was the weakest. Thiel seems like a pretty creepy character. When you have enough FU money, you can indulge a really skewed view of the world (former Intel exec comes to mind). And this series of lectures illustrates Theil's. He thinks someone, a young and naive (pre-university) prodigy, is going to make him a wealtier VC by sharing with hi…
Gotta love these ~30 minute old accounts with 7 karma howling at the moon that the neither the first successful online payments company, nor the most successful social network in Internet history, nor a ~$100billion/year big data company are 'innovative'. They may not be nuclear fusion or the perpetual motion machine, but they're more innovative than 99% of what everyone else will ever do. Your point about wealth buy…
That's like saying a "$100billion/year products company". Incredibly vague. What's the product? Yes, it does make a difference.
I remind you that Thiel himself pulled an iPhone from his pocket and said "This is innovation?"
If we are going to measure innovation by income produced, then we can come up with all sorts of interesting examples of "innovation".