GOP Donor and Silicon Valley Billionaire Wants To Tell You How To Make Billions
Billionaire Peter Thiel has a new book coming out and he says it will help you become a billionaire, too.
In the former PayPal CEO’s new book, “From Zero to One: Notes On Startups, or How To Build The Future,” he encourages entrepreneurs to focus on building something novel and new.
On the book’s webpage he describes the meaning behind its title, “Every time we create something new, we go from 0 to 1. The act of creation is singular, as is the moment of creation, and the result is something fresh and strange.”
Thiel, who is one of the few openly libertarian Silicon Valley hotshots, argues that if entrepreneurs want to be the next Mark Zuckerberg or Bill Gates, they cannot copy their ideas.
“The next Bill Gates will not build an operating system. The next Larry Page or Sergey Brin won’t make a search engine. And the next Mark Zuckerberg won’t create a social network. If you are copying these guys, you aren’t learning from them,” he explains on the promotional website.
Instead, he says, successful businessmen and women find monopolies.
“If you do what has never been done and you can do it better than anybody else, you have a monopoly—and every business is successful exactly insofar as it is monopolistic,” notes Thiel.
He continues, “But the more you compete, the more you become similar to everyone else. From the tournament of formal schooling to the corporate obsession with outdoing rivals, competition destroys profits for individuals, companies, and society as a whole.”
Thiel has donated millions to Republican candidates and conservative organizations.
In 2012, Thiel gave $1 million to the conservative 501(c)(4) Club for Growth, making him the largest contributor in the nonprofit’s history.
Thiel has also been involved in political campaigns both in California and throughout the country. Texas Republican Sen. Ted Cruz, Kentucky Republican Sen. Rand Paul and South Carolina Republican Sen. Jim DeMint are just a few of the beneficiaries of his contributions.
Thiel has called out the U.S. government for excessive spending and in the healthcare and education sector, arguing that these domains of government are poorly operated and inefficient.
The tech billionaire believes that one of the major barriers to working with Democrats is that they do not see that the private sector can wrestle with the country’s problems and get better results for a cheaper price.
“There’s a very big blind spot on the Left about government waste and inefficiency,” he said in an interview with The American Interest.
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