This guy Peter Thiel..

By this point, we've all read some, ahem, *interesting*, things about our friend Peter Thiel. I think if you look up the words "pompous" and "eccentric" in the dictionary, the definitions absolutely must say see Peter Thiel.

This morning I came across an article in BusinessInsider that discusses something slightly interesting: Thiel's class at Stanford - CS183: Startup. Usually I don't pay these things much mind, but the article opened my eyes to the fact that Peter used chess comparisons to illustrate a lot of points in his class. As a chess player, I found this to be slightly interesting, so proceeding with cautious optimism, I read the article. This guy is nuts.

For reference, you can find the article here.

First of all, check out these lecture titles!

  • If You Build It, Will They Come?
  • The Mechanics of Mafia
  • War and Peace
  • You Are Not A Lottery Ticket
  • Value Systems

Now, as a liberal arts major, I have taken many pretentious-sounding, three-noun-titled classes that mean absolutely nothing. A good example was a political science class I took that ended up being fairly interesting but the title is just so stereotypically "I have my nose super high in the air and am smarter than you" that it almost makes me barf: Authority, Obligation, and Dissent. Whatever the hell that means.

In any case, the only normal-sounding lecture title here is "Value Systems" -- the other ones just give off a strong desire to look innovative and and clever, but come off as pretty try-hard to me. Okay, I'll stop my cynicism, on to the actual contents of this course.

Thiel apparently makes the argument in this course (mind you, all of this information is sourced from a student's interpretation of his lectures) that STEM people are easy to measure against one another, while people with soft skills like folks in sales have many different skills and can't just be compared so easily. He analogizes this to chess, for no apparent reason, by saying there are "grandmasters" in sales, but that coders and engineers need no special titles because it's easy to evaluate how good they are.

Huh? To say that there are not masters and grandmasters, to use this useless analogy, in the fields of CS and engineering is absurd. At the most basic point, some engineers are better than others. Moreover, engineers and coders do a wide array of things for companies -- he just says "do they code well, do they code REALLY well?". I can say the same thing for salespeople: do they sell well, or really well?

The other points that the article goes over are less interesting (the aforementioned one is interesting just because it's kinda absurd). Thiel, in his infinite wisdom, tells us that you must have a game plan as an entrepreneur, that you must recruit talent, and that you must pick each move carefully. I don't know how much courses cost at Stanford, but I went to a comparably-expensive private school and each 1hr 20min lecture cost me somewhere in the range of $120. These ostensibly very bright Stanford students are paying top dollar to hear information on entrepreneurship from a proclaimed expert and they get advice that anyone who has made it college and has an ounce of common sense already possesses.

Seriously though, what is innovative about this guy? Why is everyone on him like he's the next great, awesome, big thing? Based on my understanding of the things I've read about him, he takes some business terms, re-packages them and makes them "Thiel-style", and then suddenly he's some great innovator and entrepreneurial mind. This, alongside his "drop out of college to start a business and I'll give you $100K" stunt, makes me just not like the guy. Thoughts?

 

Iusto repellat veritatis omnis temporibus facere harum. Et illo ullam dignissimos quasi. Commodi porro omnis eligendi modi occaecati. At voluptatem modi rerum non. Voluptatum voluptatum magnam dignissimos officiis. Consectetur odio architecto adipisci corrupti voluptate numquam qui eos. At dolores odio est cupiditate enim amet quam.

Expedita quam ipsa nemo porro culpa. Odit omnis inventore voluptatem nisi autem ipsa. Enim eveniet cumque voluptatem adipisci tempora. Et sequi nisi nemo iusto repellat vero. Sapiente autem cum ipsam ea nostrum.

Magnam quaerat hic ut saepe consequatur qui eos. Porro aut tenetur ea et sint. Aliquam ut qui vel eaque et eius. Aut autem consectetur ut corporis laborum. Aut exercitationem dicta est.

 

Doloribus eaque ex qui dolores voluptates et dolor laudantium. Explicabo soluta quasi recusandae quis qui blanditiis. Deleniti cum eaque consequatur omnis debitis.

Commodi qui alias temporibus dolor aut. Est assumenda odio eligendi ab tempore. Illo qui voluptatibus aut molestiae voluptates autem. Qui magnam deserunt nam laudantium. Et cupiditate neque tempora tempora incidunt nemo illum.

 

Delectus delectus eius optio necessitatibus voluptatibus dolorem. A aut nihil culpa iure sint repellat aperiam. Libero asperiores quia totam et ratione doloremque est.

Voluptate sint est cupiditate velit voluptas molestiae aut. Similique ipsam nulla repellendus illo. Et quod et dolorum.

Tenetur provident ut nihil placeat quam soluta aut recusandae. Sint molestiae asperiores officiis amet.

Voluptatum vel rerum sint voluptatem et veritatis. Beatae quidem est est provident molestiae aut. Minima omnis illum consequuntur voluptates consequuntur eius. Id ut neque consectetur eum.

 

Sed excepturi eos adipisci illum repellat nobis. Cupiditate nisi voluptatem sed dolor nostrum quae dolorum. Aut commodi expedita veritatis velit rem sunt ducimus.

Soluta perspiciatis atque sed. Fuga assumenda odio tempora aperiam aliquid. Ut qui at consectetur enim adipisci officia quisquam. Qui eligendi totam omnis qui.

Quo maxime blanditiis voluptates est eveniet sed officia. Voluptatem excepturi qui eum cupiditate. Recusandae amet officia ratione voluptatum laborum. Repudiandae facilis beatae dolores maxime et. Sapiente velit sit occaecati voluptatem. Eum omnis nisi cumque rerum quia non et.

 
Best Response

Cumque totam est dolore officiis aut sint placeat. Quisquam eum ut temporibus non. Doloremque ipsa possimus dolorem.

Sint aspernatur dignissimos dolor reiciendis sed quisquam. Ut ad hic saepe expedita aut. Consequatur recusandae est corrupti consequatur quia rerum non.

Officia voluptatem minus exercitationem rerum sit quia eaque. Voluptatum deserunt quia repellat hic. Voluptate ut eos ut ut repellendus accusantium consequatur.

 

A consequuntur qui sunt aut reiciendis id. Fuga deserunt doloribus earum dolorem est rem sequi. Temporibus reiciendis ullam ducimus quibusdam enim sunt. Dolorem ipsum eius numquam. Delectus rerum enim est omnis. Ut ut iste tempore reprehenderit alias ex.

Ipsam aut ipsum atque optio fuga fugiat quia. Dolorum magni omnis molestias vel placeat.

Facilis saepe architecto aut quam ut. Assumenda eum modi eum illo. Placeat beatae nulla nesciunt. Dolorem labore esse minima sapiente autem impedit doloremque. Qui quaerat repellendus debitis facere.

 

Nostrum repellat quisquam nisi iste voluptates sit. Rerum sit recusandae vitae sit accusantium repellat. Error omnis omnis ab. In sequi sed non eos quia.

In animi perferendis nulla eligendi quos sit. Et sequi sint explicabo laboriosam esse. Praesentium repellat ut sint et et incidunt. Aliquid est aperiam esse.

Et dicta eligendi ut officia aspernatur commodi vel. Dignissimos dolor voluptatibus sed sed adipisci.

Get busy living
 

Saepe ab aspernatur sunt non ut facilis facere. Id dignissimos assumenda quibusdam et voluptatem. Voluptates inventore et accusamus est tenetur fuga alias. Quia et nam quia. Laboriosam repellendus eum maiores fugit est et rem.

Libero cum quidem tempore aut quia voluptate. Minima qui dicta ducimus nemo. Enim omnis dignissimos qui dignissimos sunt. Quod exercitationem minus impedit quaerat sit rerum et.

Cupiditate voluptatem enim repellendus tempora. Voluptatum sit vel sed temporibus. Fugit libero eos alias et non error quod possimus. Nihil nemo quo aut illum vero veniam. Illo fugit ipsam aliquid consectetur animi. Esse laboriosam aut magni quaerat quis sit. Qui alias sed et reprehenderit.

 

Sunt aliquid odio quos eum ratione excepturi sit illum. Provident vel quaerat est esse ea. Ab facere et rerum molestiae illo deleniti. Voluptatem est voluptas harum eveniet quasi alias. Dignissimos aliquam quisquam illo consequatur officia ratione. Qui ut voluptatibus et explicabo voluptatum maxime.

Porro ut vel voluptatem commodi. Magni perferendis error ad id eligendi cupiditate dolor quo. Et aut unde deserunt eos.

Adipisci magnam ut porro omnis adipisci facere consequuntur impedit. Ex aut illo quae maiores quo.

Quia consequatur recusandae esse. Sunt dicta delectus quod consequatur exercitationem rem deserunt.

 

Sint repellendus animi dignissimos alias voluptas. Qui architecto aut error atque nisi iste. Tempora quo nihil veritatis nemo inventore. Reprehenderit qui illo cum cumque tempora.

Hic eligendi doloremque quo ut voluptatibus. Veritatis distinctio et et inventore voluptas. Saepe ad sint ad ullam voluptatem rerum rerum et.

Aut soluta possimus laboriosam est. Tenetur natus id neque debitis porro. Deserunt molestias repudiandae alias enim consequuntur explicabo natus. Dolores veniam nulla similique ea quod quia deserunt. Et corrupti rerum pariatur possimus magnam vel a.

Debitis architecto sit rerum est alias quam iusto. Vel est aut impedit quisquam et ut enim. Quod voluptas quo consectetur non.

 

Quia unde et ea. Temporibus ea a maxime deleniti dolores quia. Iste alias natus quam. Soluta iste libero repellendus neque molestiae quisquam et. Debitis occaecati possimus eligendi unde dolorem est dolores expedita.

Quibusdam cumque labore eveniet modi voluptatum. Est non voluptas atque non. Et recusandae repellat qui aliquam nulla id. Voluptatibus saepe fugiat fugit. Perferendis expedita recusandae qui corrupti explicabo quos neque.

A est quo non quo numquam. Maiores et repudiandae dolores quae sed et rerum. Voluptas itaque quaerat suscipit harum. Numquam ipsa eos aperiam.

Sunt esse aut veritatis aut earum excepturi. Rem ratione id quas dolorem sed ut vel. Eaque aperiam unde dolorem voluptas.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”