Venture Capitalist Peter Thiel Addresses Entrepreneurs

One of the First Founding investors in Facebook Peter Thiel address a conference at Silicon Valley full of entrepreneurs, Thiel was there as chief guest and gives them a better advice to get better business with low input and how can they impress Investors to enhance the technology components. Thiel asks so many questions too, to take opinion from listeners. He asked that tell me a thing which is truth but nobody agree with it? Also said that Next Mark Zuckerberg won’t be building Social Networks, He probably inspired a lot of people in that conference and revealed that there are very narrow field in enterprise software where nothing explored so people will reach out for it. The people listening him were the employees of ad tech firms.

Thiel Told to Forbes “I am not that worried that technology itself is the direct cause of a growing wealth gap. There’s something quite strange about how the middle class has been under great pressure in the last 40 years, People blame it too much on technology. It has more to do with technology going global, driving down wages. Americans are basically competitive with the Chinese and Indians, but not with computer technology. For the most part, the story of humans and computers has been a complementary one. The Internet has been very disruptive to business models–especially journalism, at least to the monopoly-like business models.”

Thiel has a point that he thinks, we are still passing through a time where people do not believes in Marketing and thinks that marketing is a bad thing. He also pointed the hard work by which world’stop CEO went through like Oracle’s Larry Ellison, Apple’s Steve Jobs and Mark Zuckerberg, who didn’t even dropped out of college. 

Here his speech at SXSW 2014