October 22, 2014
Technology entrepreneur turned venture capitalist Peter Thiel has a simple message for startups who don’t have a durable long-term business plan: “It’s not enough for your company to take over the world,” he said. “It has to last.”
The San Francisco-based co-founder of PayPal Inc. was in Austin to promote his new book, “Zero to One: Notes on Startups, or How to Build the Future,” and spoke to an audience of about 160 people at the Capital Factory downtown.
In 2002, eBay Inc. bought PayPal for $1.5 billion. Thiel, who is estimated by Forbes to be worth about $2.2 billion, is now an outspoken advocate for entrepreneurship and innovation. He has caused a measure of controversy along the way by encouraging young people to forgo college to launch their own ventures.
About Capital Factory
Capital Factory is the entrepreneurial center of gravity in Austin, Texas. Located in the middle of downtown, Capital Factory has 50,000 square feet full of startups and entrepreneurs. Take classes to learn the skills that startups need, attend meet ups to find a co-founder, rent a desk for your startup or apply for funding and mentorship in the Incubator.
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Going insider to insider with unprecedented access, New York Times bestselling author and Clickable CEO, David Kidder, shares the hard-hitting experiences of some of the world’s most influential entrepreneurs and CEOs, revealing their most closely held advice. Face-to-face interviews with 40 founders give readers key insights into what it took to build PayPal, LinkedIn, AOL, TED, Flickr, and many others into household names. Special sections include topics ranging from how to select the right idea to pursue to finding funding and overcoming inevitable obstacles. In an economy demanding change, The Startup Playbook is the go-to for entrepreneurs big and small.
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