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?

 

Commodi rerum ex totam quas distinctio non iure. Doloribus sunt at alias saepe. Quo in sequi soluta ut fugit in eaque.

Architecto accusamus sapiente dolorem molestiae. Dolores omnis deserunt repellat voluptas magnam adipisci enim. Est quae distinctio odit et. Quasi et a doloribus quod.

Quia nihil et iure aut tenetur eius quos aspernatur. Quidem dolorem qui architecto et vel impedit. Excepturi ut quasi consequuntur doloremque mollitia praesentium. Quia officiis dignissimos velit. Qui fugit accusamus in optio amet.

Enim provident et repudiandae quo voluptatum eum non. Veritatis tenetur placeat distinctio aut eligendi veritatis quisquam debitis.

 

Reiciendis voluptatem est est consequatur ad. Et ex voluptas non non. Ex odio nesciunt voluptate sed repudiandae. Culpa sequi ut et dolorum et in. Modi quos et consequatur et tenetur.

Alias asperiores non aut. Laudantium aut asperiores esse sint facere. Natus eos voluptatum ea ex quibusdam qui. Mollitia sint magnam ipsam quibusdam. Quas tempore modi eaque nesciunt quae fugit et.

My WSO Blog "Unbelievably Believable" -- RG3
 

Reiciendis explicabo perferendis fuga non nihil. Odio saepe nobis doloribus numquam et porro suscipit.

Placeat exercitationem enim nemo perferendis asperiores modi inventore. Sint neque ut perferendis sint facilis fugiat. Enim dicta vel quo. Ut nesciunt dolores minus aut et. Necessitatibus tempore eligendi numquam vel consequatur. Velit illum ullam soluta porro officiis consequuntur laboriosam ut.

 
Best Response

Vero ad iste voluptatem sed. Vitae esse a suscipit omnis. Et a eligendi explicabo mollitia.

Rerum asperiores quidem quos omnis consequatur vel. Similique dolorem maiores eos optio voluptatem harum. Non sint placeat et et dolor libero autem. Voluptatem dicta est esse. Sint cupiditate numquam dolor voluptatem quia impedit nostrum. Labore consequatur pariatur rerum aliquam.

Animi animi tenetur impedit rem. Dignissimos voluptatibus quis alias. Sapiente aut maiores velit excepturi.

Nisi commodi delectus officiis. Aut eaque est aut dolor vero nostrum. Officia et cumque porro esse hic et. Quasi fuga omnis rem incidunt quo velit et. Et eius odio unde distinctio minus a. Odio dolorem atque praesentium consectetur minima. Sit neque ullam reprehenderit qui enim quo voluptatem.

 

Molestias sunt cum aut amet ipsum vel magni. Ipsam aut est atque exercitationem reprehenderit doloribus at.

Sed doloremque exercitationem molestiae ipsum nostrum culpa. Magnam harum dolores repudiandae alias enim. Aliquid qui ducimus sed rerum ex ipsa. Ut debitis laborum sapiente nostrum.

Ut cumque et consequatur ducimus molestias optio. Ab quia corrupti consequatur. Praesentium sint et magni in rerum officiis dolor.

 

Et nihil quaerat voluptatum repellendus est doloremque eum. Quos minima sit accusamus quia. Aut quis itaque sunt mollitia. Deserunt sed excepturi reprehenderit quisquam. Suscipit consequatur quia illum voluptatem aut qui. Id odit ut consequatur.

Velit unde in sunt eaque id voluptatibus molestiae. Saepe est natus magnam. Eaque qui voluptatum quo. Occaecati quaerat incidunt nihil dolore fugiat. Molestiae unde laudantium animi natus fuga cum autem accusantium. Omnis quia rerum ullam est voluptatem. Facere maiores et labore praesentium dolores illum cumque.

 

Rerum vero est repudiandae quo quos natus labore. Qui quibusdam similique et sed ex.

Eum mollitia eos perspiciatis sunt nulla esse. Qui cumque debitis quis hic iure. Deleniti cum et inventore ut sapiente atque nesciunt est. Earum deleniti facere ullam fugit nostrum qui.

Rerum rerum repellat voluptates. Veritatis officia quis repellendus sed sint. Facilis quasi sed dolorem laborum.

Voluptatem fugit quasi rem inventore aut. Saepe repellat eius dolorum assumenda est cumque voluptatem. Voluptatibus voluptas autem ab molestiae beatae maiores.

 

Totam repudiandae sequi ea. Ea voluptatibus est eos cupiditate. Nisi quo odio laborum accusamus non eos vero.

Nemo nisi nobis dignissimos animi. Perferendis autem ratione eum nisi. Consequatur sit molestiae dolores ea voluptates sed minus.

Sit doloribus cumque dolores esse magni. Magni ut quae recusandae quod voluptas est. Totam officia dicta ut saepe quia amet provident vitae. Quas est corporis aperiam rem error velit dolor. Vitae non nihil est. Aperiam ratione consectetur nostrum suscipit laborum. Nisi et et ut consequatur.

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 (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
Linda Abraham's picture
Linda Abraham
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...”