Peter Thiel: Build a Business So Big That Investors Will Invest Major Bucks


Peter Theil of the Founders Fund – also founder of Paypal – addresses the Vatorsplash audience in late September on what it takes to be successful.

He talks about entrepreneurship, what they learned in his early days at Paypal, mistakes they made and how that experience helped shape the decisions he makes today. Peter encourages entrepreneurs to think big: don’t just build a feature or a solution that will have an incremental and small impact on an industry, but build something that will change the world.

He says, “create a business that is so valuable that investors are willing to invest not just a ‘little,’ but a significant amount of capital.” In other words, a technology that is so disruptive that it will have an impact on how we live. This isn’t unlike the advice that Vinod Khosler gave on the Techcrunch Disrupt stage earlier the same week. Below is a two-part video that I shot of his keynote, which was close to 30 minutes long.

Renee Blodgett
Renee Blodgett is the founder of We Blog the World. The site combines the magic of an online culture and travel magazine with a global blog network and has contributors from every continent in the world. Having lived in 10 countries and explored nearly 80, she is an avid traveler, and a lover, observer and participant in cultural diversity.

She is also the CEO and founder of Magic Sauce Media, a new media services consultancy focused on viral marketing, social media, branding, events and PR. For over 20 years, she has helped companies from 12 countries get traction in the market. Known for her global and organic approach to product and corporate launches, Renee practices what she pitches and as an active user of social media, she helps clients navigate digital waters from around the world. Renee has been blogging for over 16 years and regularly writes on her personal blog Down the Avenue, Huffington Post, BlogHer, We Blog the World and other sites. She was ranked #12 Social Media Influencer by Forbes Magazine and is listed as a new media influencer and game changer on various sites and books on the new media revolution. In 2013, she was listed as the 6th most influential woman in social media by Forbes Magazine on a Top 20 List.

Her passion for art, storytelling and photography led to the launch of Magic Sauce Photography, which is a visual extension of her writing, the result of which has led to producing six photo books: Galapagos Islands, London, South Africa, Rome, Urbanization and Ecuador.

Renee is also the co-founder of Traveling Geeks, an initiative that brings entrepreneurs, thought leaders, bloggers, creators, curators and influencers to other countries to share and learn from peers, governments, corporations, and the general public in order to educate, share, evaluate, and promote innovative technologies.
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