Peter Thiel on Best Practices and Dead Ends

“Today’s Best Practices lead down dead ends; the best paths are new and untried” Peter Thiel, Zero to One

Sometimes we are on a hunt for best practices. The truth is, a best practice can take you quickly to the best way a particular thing can be done. Thiel’s point is that there are times when what you need is not the best way to do what you are already doing. What you need to develop is a way of doing something you have not yet tried. And that requires a new and untried path.

Note: The HOST strategy and the Small Group Connection are examples of new and untried paths.

Peter Thiel is an entrepreneur and investor. He started PayPal in 1998, made the first outside investment in Facebook, and provided early funding for LinkedIn, Yelp, and dozens of other successful technology startups. He also is a partner at Founders Fund, a Silicon Valley venture capital firm that has funded companies like SpaceX and Airbnb.

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Image by Benny Lin