Extract: Zero to One by Peter Thiel

This entry was posted on 04 March 2022.

The next Bill Gates will not build an operating system. The next Larry Page or Sergey Brin won’t make a search engine. If you are copying these guys, you aren’t learning from them. It’s easier to copy a model than to make something new: doing what we already know how to do takes the world from 1 to n, adding more of something familiar. Every new creation goes from 0 to 1. This book is about how to get there.

 


 

1

The Challenge of the Future

 

"Whenever I interview someone for a job, I like to

ask this question: “What important truth do very few

people agree with you on?”

This question sounds easy because it’s straightforward.

Actually, it’s very hard to answer. It’s intellectually difficult

because the knowledge that everyone is taught in school is by

definition agreed upon. And it’s psychologically difficult because

anyone trying to answer must say something she knows

to be unpopular. Brilliant thinking is rare, but courage is in

even shorter supply than genius.

Most commonly, I hear answers like the following:

“Our educational system is broken and urgently needs

to be fixed.”

“America is exceptional.”

“There is no God.”

Those are bad answers. The first and the second statements

might be true, but many people already agree with them.

The third statement simply takes one side in a familiar debate.

A good answer takes the following form: “Most people

believe in x, but the truth is the opposite of x.” I’ll give my

own answer later in this chapter.

What does this contrarian question have to do with the future?

In the most minimal sense, the future is simply the set of

all moments yet to come. But what makes the future distinctive

and important isn’t that it hasn’t happened yet, but rather

that it will be a time when the world looks different from

today. In this sense, if nothing about our society changes for

the next 100 years, then the future is over 100 years away. If

things change radically in the next decade, then the future

is nearly at hand. No one can predict the future exactly, but

we know two things: it’s going to be different, and it must

be rooted in today’s world. Most answers to the contrarian

question are different ways of seeing the present; good answers

are as close as we can come to looking into the future.

 

Zero to One: The Future of Progress

When we think about the future, we hope for a future of

progress. That progress can take one of two forms. Horizontal

or extensive progress means copying things that work—

going from 1 to n. Horizontal progress is easy to imagine

because we already know what it looks like. Vertical or intensive

progress means doing new things— going from 0

to 1. Vertical progress is harder to imagine because it requires

doing something nobody else has ever done. If you take one

typewriter and build 100, you have made horizontal progress.

If you have a typewriter and build a word processor, you

have made vertical progress.

 

 

At the macro level, the single word for horizontal progress

is globalization— taking things that work somewhere and

making them work everywhere. China is the paradigmatic

example of globalization; its 20- year plan is to become like

the United States is today. The Chinese have been straightforwardly

copying everything that has worked in the developed

world: 19th- century railroads, 20th- century air

conditioning, and even entire cities. They might skip a few

steps along the way— going straight to wireless without installing

landlines, for instance— but they’re copying all the

same.

The single word for vertical, 0 to 1 progress is technology.

The rapid progress of information technology in recent decades

has made Silicon Valley the capital of “technology” in

general. But there is no reason why technology should be

limited to computers. Properly understood, any new and

better way of doing things is technology.

 

 

Because globalization and technology are different modes

of progress, it’s possible to have both, either, or neither at the

same time. For example, 1815 to 1914 was a period of both

rapid technological development and rapid globalization. Between

the First World War and Kissinger’s trip to reopen

relations with China in 1971, there was rapid technological

development but not much globalization. Since 1971, we

have seen rapid globalization along with limited technological

development, mostly confined to IT.

 


“This book is about the questions you must ask and answer to succeed in the business of doing new things.”


 

This age of globalization has made it easy to imagine that

the decades ahead will bring more convergence and more

sameness. Even our everyday language suggests we believe

in a kind of technological end of history: the division of the

world into the so-called developed and developing nations

implies that the “developed” world has already achieved the

achievable, and that poorer nations just need to catch up.

But I don’t think that’s true. My own answer to the contrarian

question is that most people think the future of the

world will be defined by globalization, but the truth is that

technology matters more. Without technological change, if

China doubles its energy production over the next two decades,

it will also double its air pollution. If every one of India’s

hundreds of millions of households were to live the way

Americans already do—using only today’s tools—the result

would be environmentally catastrophic. Spreading old ways

to create wealth around the world will result in devastation,

not riches. In a world of scarce resources, globalization without

new technology is unsustainable.

New technology has never been an automatic feature

of history. Our ancestors lived in static, zero-sum societies

where success meant seizing things from others. They created

new sources of wealth only rarely, and in the long run

they could never create enough to save the average person

from an extremely hard life. Then, after 10,000 years of fitful

advance from primitive agriculture to medieval windmills

and 16th-century astrolabes, the modern world suddenly experienced

relentless technological progress from the advent

of the steam engine in the 1760s all the way up to about 1970.

As a result, we have inherited a richer society than any previous

generation would have been able to imagine.

Any generation excepting our parents’ and grandparents’,

that is: in the late 1960s, they expected this progress to continue.

They looked forward to a four-day workweek, energy

too cheap to meter, and vacations on the moon. But

it didn’t happen. The smartphones that distract us from our

surroundings also distract us from the fact that our surroundings

are strangely old: only computers and communications

have improved dramatically since midcentury. That doesn’t

mean our parents were wrong to imagine a better future—

they were only wrong to expect it as something automatic.

Today our challenge is to both imagine and create the new

technologies that can make the 21st century more peaceful

and prosperous than the 20th.

 

Startup Thinking

New technology tends to come from new ventures—

startups. From the Founding Fathers in politics to the Royal

Society in science to Fairchild Semiconductor’s “traitorous

eight” in business, small groups of people bound together

by a sense of mission have changed the world for the better.

The easiest explanation for this is negative: it’s hard to develop

new things in big organizations, and it’s even harder

to do it by yourself. Bureaucratic hierarchies move slowly,

and entrenched interests shy away from risk. In the most dysfunctional

organizations, signaling that work is being done

becomes a better strategy for career advancement than actually

doing work (if this describes your company, you should

quit now). At the other extreme, a lone genius might create

a classic work of art or literature, but he could never create

an entire industry. Startups operate on the principle that you

need to work with other people to get stuff done, but you

also need to stay small enough so that you actually can.

Positively defined, a startup is the largest group of people

you can convince of a plan to build a different future. A new

company’s most important strength is new thinking: even

more important than nimbleness, small size affords space to

think. This book is about the questions you must ask and

answer to succeed in the business of doing new things: what

follows is not a manual or a record of knowledge but an exercise

in thinking. Because that is what a startup has to do:

question received ideas and rethink business from scratch."

 

Extracted from Zero to One by Peter Thiel, out now.

 

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