.@PalmerLuckey explains why China sucks at Zero to One and just has to copy all of America's best ideas:
"We're still kicking their butt on zero to one. We're way ahead of them. It's not even close."
"I've been able to get to where I am largely because I've become interested in a lot of things and I'm good enough that I can draw connections between different fields in a way that people who are native to those fields might not."
"The Chinese system doesn't produce people like that."
" It's very hard to reinvent yourself in modern China."
Via @HooverInst
Dario: Alex Karp was right
“Do you really think a warfighter is going to trust a software company that pulls the plug because something becomes controversial, with their life?”
“The small island of Silicon Valley— that would love to decide what you eat, how you eat, and monetize all your data— should not also decide who lives in a country and under what conditions.”
“The core issue is— who decides?”
“Claude can help US kill more people more quickly ?”
Host: “With the help of LLMs, the US military has gone from hitting 1,000 targets a day to 5,000. That means Claude can help kill more people more quickly. Are you comfortable with that?”
Dario Amodei: “I am supportive of the US being more effective militarily. Having that ability be stronger doesn’t cause wars. It deters wars.”
“Do you want this country to be a more powerful actor on the world stage? I do. I’m a patriot.”
Jensen Huang in 2003:
“The goal of winning is so you can play again.”
“It’s just like pinball. If you can just play well enough to get another game, you can be there for a long time.”
Peter Thiel on how to determine a company’s true worth:
“A lot of it comes down to: what are your assumptions about the growth rates?”
“In many cases, people are still very bearish on growth. They see very fast growth and assume it’s going to tail off very quickly.”
Alex Karp congratulating Peter Thiel for winning the Axel Springer Award will bring a tear to your eye
Alex says when he first met Peter at Stanford Law, he thought, "That's the first person who understood anything I think."
He says Thiel is "the last standing important German."
.@PalmerLuckey explains why China sucks at Zero to One and just has to copy all of America's best ideas:
"We're still kicking their butt on zero to one. We're way ahead of them. It's not even close."
"I've been able to get to where I am largely because I've become interested in a lot of things and I'm good enough that I can draw connections between different fields in a way that people who are native to those fields might not."
"The Chinese system doesn't produce people like that."
" It's very hard to reinvent yourself in modern China."
Via @HooverInst
China is trying to build its own version of Planet Labs.
They even copied their names:
“They call theirs Pigeon or something. It was close to Dove.”
“They named it eerily similar.”
“We have the largest Earth imaging fleet. It's ~10x larger than anyone else, & most importantly, it images about 100x more area than any other commercial actor, at least Western ones.”
“We're the only ones that cover the whole world every day.”
— Planet Labs CEO Will Marshall (@Will4Planet)
The biggest cybersecurity risk is accidentally hiring a spy:
"This is not commonly known, but your biggest threat is always internal."
"We're less afraid of someone scanning our ports and finding issues as we are someone compromising someone internally and phishing an account and then using their account to do things."
"Or hiring the wrong person, hiring someone who's secretly a spy."
"That stuff sounds far-fetched, but it happens."
"I'm actually more afraid of us bringing in someone bad than I am of anything else."
@merge_api CTO @GilFeig in June:
.@JTLonsdale on Chinese spies and honeypots at Google in 2019:
“Everyone in the valley knows the Chinese government is very involved.”
“We’ve found, at all of our companies, Chinese spies. It’s something we don’t talk about a lot, but this is a regularly known thing in Silicon Valley.”
Via @CNBC
CNBC’s @andrewrsorkin asks @JTLonsdale about $NVDA selling to China:
“I’m very uncomfortable giving China access to our best chips… they’re an adversary using these to develop stuff we’re potentially going to have to fight.
“There could be some theory that we don’t want them to develop their own chip industry.
.@PalmerLuckey on why you can’t trust companies that work with China:
“You can’t trust anything any of these people say.”
“When a Chinese executive says, ‘We would never do that,’ realize that their law says that they have to lie to you about that.”
.@elonmusk on why Terafab is so important:
“Taiwan does an incredible amount of heavy lifting on chip production.”
“My concern is, there is always some geopolitical risk in that region.”
“If we don’t have all the pieces necessary to build chips at scale in America, we may not have any chips at all.”
Via @BaronCapital
.@JTLonsdale on Chinese spies and honeypots at Google in 2019:
“Everyone in the valley knows the Chinese government is very involved.”
“We’ve found, at all of our companies, Chinese spies. It’s something we don’t talk about a lot, but this is a regularly known thing in Silicon Valley.”
Via @CNBC
Peter Thiel on power laws in investing:
"As a venture capital investor, it's typically the case that your single best investment ends up being worth more than all of the others combined."
Via @cspan 2014, during Thiel’s promotional tour for Zero to One
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Peter Thiel on how to determine a company’s true worth:
“A lot of it comes down to: what are your assumptions about the growth rates?”
“In many cases, people are still very bearish on growth. They see very fast growth and assume it’s going to tail off very quickly.”
Peter Thiel on power laws in investing:
"As a venture capital investor, it's typically the case that your single best investment ends up being worth more than all of the others combined."
Via @cspan 2014, during Thiel’s promotional tour for Zero to One
In Zero to One, Peter Thiel revealed something remarkable about Founders Fund's 2005 portfolio:
Facebook alone returned more than every other investment combined
"The biggest secret in venture capital is that the best investment in a successful fund equals or outperforms the entire rest of the fund combined."
But Index Ventures Partner Shardul Shah (@shardul_shah) says concentration can cut both ways:
“It can feel great when the market is up & to the right, but if the market changes, & eventually it will, concentration can really hurt.”
Peter Thiel on how to determine a company’s true worth:
“A lot of it comes down to: what are your assumptions about the growth rates?”
“In many cases, people are still very bearish on growth. They see very fast growth and assume it’s going to tail off very quickly.”
Palo Alto Networks CEO @nikesharora says paying 4X more for an acquisition doesn't matter if you can turn it into a $10B business:
"If something's worth $200 million, it's worth $800 million. Because my job is to take the $200-$800 million asset and turn that into a $5-10 billion asset."