“We wanted flying cars, instead we got 140 characters.” – Peter Thiel (Part III) #vc #shorts

Few quotes capture the essence of Venture Capital better.

A former PayPal co-Founder and one of the most successful Investors of his time, Peter Thiel has made a name for himself with his contrarian opinions. Writing the first Facebook check, making early investments in unicorn startups such as Palantir, and co-founding the elite VC firm Founders Fund made him a reference among his peers.

While many Investors boast about their risk-taking abilities, Thiel’s quote highlights how the majority of VCs focus, as I often say, on capital rather than venture.

Instead of funding moonshot projects like flying cars or space travel, most VC investments tend to be shorter-term, safer bets on companies such as social media giant Twitter (who famously increased their character limit to 280 in 2018).

In this post, I analyze how Venture Capitalists have changed over the last few decades, describe the two different types of VCs using the promotion vs. prevention framework, and explain how you can quickly identify them if you want to succeed in a Venture Capital career or raise VC money.

▶️ Part III: How Can You Tell Maverick VCs From Herd Ones?

👀 Link to the full post: https://thevcfactory.com/we-wanted-flying-cars-instead-we-got-140-characters-peter-thiel/

📳 Watch all our VC quotes in our playlist: https://youtube.com/playlist?list=PLwzgRG7j0xcq14WwGnt1PbJdoGtcOQK_1

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