Innovation shouldn’t be relegated to the world of bits. Some advice, coming from all-star internet entrepreneur Peter Thiel, a guest on this month’s Technical.ly Podcast.
Thiel, the cofounder of PayPal and McLean-based Palantir Technologies, was on a tour to promote his book, Zero to One: Notes on Startups, or How to Build the Future.
The next Mark Zuckerberg won’t build a social network, the next Bill Gates won’t build an operating system.
His advice for aspiring entrepreneurs is more about ideas than numbers.
How do you build a great business? “It always comes from doing big, new things that really move the dial on some level,” Thiel told Technical.ly Editor-in-Chief Zack Seward.
“The next Mark Zuckerberg won’t build a social network, the next Bill Gates won’t build an operating system,” Thiel added. “If you’re copying these people you’re not really learning from them.”
In fact, he suggests that entrepreneurs might sometimes want to stick their nose out of the computer screen. Sure, he said, “The trend for the last 40 years has been that the world of bits is where the future has been happening.”
But he stressed that other fields like energy, clean tech, biotech and transportation were also ripe for innovation. “I think it also would be good to look outside the world of bits back to the world of atoms,” he said.
A final piece of advice, for tech hubs growing across the country in cities like D.C.: quit trying to become “the Silicon Valley of the East” and be yourself.
“You don’t want to be the Harvard of North Dakota,” he said. “It’ll always sort of compare less favorably.”
Things will fall in place eventually — particularly where the local tech industry can be pulled up by a few giants. “Having a few companies really emerge,” he said, is “the way these ecosystems really get started.”
Companies:
PayPal / Technical.ly
Before you go...
Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.
3 ways to support our work:- Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
- Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
- Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!