Peter Thiel on the most important lesson he learned in venture capital
“Once something works, people often underestimate it. And when things aren’t working, they underestimate how much trouble they’re in… Even the people on the inside often underestimate how much things have changed… You have these subtle but very important points where somehow the leverage and dynamics shift very powerfully and they tend to get very underestimated.”
Video Source: @startups • Peter Thiel on being a contrarian
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