Peter Thiel

If you take one typewriter and build 100, you’ve made horizontal progress. If you have a typewriter and build a word processor, you have made vertical progress.

If you take one typewriter and build 100, you’ve made horizontal progress. If you have a typewriter and build a word processor, you have made vertical progress.

– Peter Thiel –

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Jessica Livingston

The goal – at least the way I think about entrepreneurship – is you realize one day that you can’t really work anyone else. You have to start your won thing. It almost doesn’t matter what the thing is. We had six different business plan changes, and then the last one was PayPal.If that one didn’t work out, if we still had the money and the people, obviously we would not have given up. We would have iterated on the business model and done something else. I don’t think there was ever clarity as to who we were until we knew it was working. By then, we’d figured out our PR pitch and told everyone what we do and who we are. But between the founding and the actual PayPal, it was just like this tug-of-war where it was like, “We’re trying this, this week.” Every week you go to investors and say, “We’re doing this, exactly this. We’re really focused. We’re going to be huge.” The next week you’re like, “That was a lie.

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