Sunday, August 27, 2017

Getting the combinations right

TYLER COWEN: Let’s say you’re trying to select people for your Thiel fellowships, or maybe to work for one of your companies, or to start a new company with. Just you, Peter Thiel, as a judge of talent, what trait do you look for in that person that is being undervalued by others? The rest of the world out there is way too conformist, so there must then be unexploited profit opportunities in finding people. If you’re less conformist, which I’m very willing to believe, indeed would insist on that being the case, what is it you look for?

PETER THIEL: It’s very difficult to reduce it to any single traits, because a lot of what you’re looking for, are these almost Zen-like opposites. You want people who are both really stubborn and really open-minded. That’s a little bit contradictory. You want people who are idiosyncratic and really different, but then who can work well together in teams. And so, this is again, maybe not 180 degrees opposite, but like 175 degrees.
Peter Thiel on Stagnation, Innovation, and What Not to Call your Company

Normally we expect opposite traits to be mutually exclusive: a normal person can’t be both rich and poor at the same time, for instance. But it happens all the time to founders: startup CEOs can be cash poor but millionaires on paper. They may oscillate between sullen jerkiness and appealing charisma. Almost all successful entrepreneurs are simultaneously insiders and outsiders. And when they do succeed, they attract both fame and infamy.
from Peter Thiel's Zero to One (Chapter 14: The Founder's Paradox)

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