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Escape the competition

peter_thiel

Your goal isn’t to beat the competition — it’s to escape the competition altogether. No one knows this better than Paypal founder Peter Thiel. “Competition is for losers,” he’s been known to say. Thiel is a former colleague, frequent co-investor and long-time intellectual sparring partner with Host Reid Hoffman. Enjoy the sparks.

“Achieve escape velocity. Grow so quickly it discourages anybody from even trying to compete.”

— Peter Thiel
About the guest:

Peter Thiel co-founded the revolutionary payment-processing site PayPal in 1999 and served as CEO until its $1.5 billion sale to eBay in 2002. He is chairman of Palantir Technologies, president of Clarium Capital, a partner of Founders Fund, chairman of Valar Ventures, and chair of Mithril Capital.

About the host:
reid_hoffman

Reid Hoffman is the host of Masters of Scale. A Silicon Valley entrepreneur and investor, he’s known for his spot-on insights on how to scale a startup. He’s a partner at Greylock and co-founder of LinkedIn, and co-author of the best-selling Blitzscaling and The Startup of You.

Also featured in this episode:

Umber Ahmad is the founder of the Ma Zeh Dar Bakery in the West Village in New York City. Formerly a Wall Street banker,…

Natasha Monique Hastings is a two time Olympic gold-winning American 400 meter track and field sprinter. They call her the “400 meter diva.”

Darryl “D2” Woodson is a personal coach to some of the fastest runners in the world. He trains Olympic athletes who have broken world…

if you want your company to scale, your goal is not to beat the competition. Your goal is to break free of the competition entirely.

Transcript of Masters of Scale: Escape the competition
Masters of Scale’s mission is to democratize entrepreneurship. Launched in 2017 as a weekly podcast featuring Reid Hoffman, we’re now two weekly podcasts — Masters of Scale with Reid Hoffman, and Masters of Scale: Rapid Response, hosted by Bob Safian — as well as an award-winning daily learning app, a best-selling book, virtual and live events, and more, serving a global community of founders, funders, and leaders looking to innovate at scale.
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