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Peter Thiel on Why Big Companies Don’t Think Like Startups - WSJ - WSJ
November 3, 2014 | WSJ | Interview of Peter Thiel by Mr. Dennis K. Berman.

Changing the World
MR. BERMAN: The term you use in your book is that a startup is an excuse to change the world. How do people inside big companies take that idea and make something of it? MR. THIEL: There are a number of larger companies that are still innovating fairly aggressively. I’m very biased, as an investor, to be pro-companies that are still led by the founders. The founders are often able to make more choices and take more risk and have more inspiration than more politically minded CEOs. The old founders don’t always live forever, that’s true. You need a figure that’s as close to a founder as possible.

In theory, large companies could do far more than small companies. They have more capital. They have longer time horizons. They can take more risks. I tend to think it’s always that the internal politics somehow get in the way.
bubbles  founders  internal_politics  large_companies  office_politics  Peter_Thiel  risk-taking  Silicon_Valley  start_ups  time_horizons  valuations  vc  venture_capital 
november 2014 by jerryking
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