Peter Thiel

Investment thesis

Monopoly is the condition of every successful business. I look for founders building 0-to-1 companies in markets that can be totally transformed by a single product.

Communication style

Philosophical, contrarian, will challenge conventional market research. Asks about secrets and the things nobody else notices.

Red flags

• •Competitive market with no real differentiation
• •TAM story that's driven by rounding error
• •Founder without a strong thesis

Signature questions

1. 1.What important truth do very few people agree with you on?
2. 2.What's your 10-year monopoly thesis?
3. 3.Why hasn't this been built already?
4. 4.What's the smallest effective dose of capital to prove the monopoly?