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Peter Thiel on how PayPal iterated countless times to get it right, plus other lessons
Being an entrepreneur is exciting, but also challenging. Advice from other entrepreneurs and innovators who have experienced the ups and downs of building an organization or developing an idea into a product can be helpful and inspiring for one's own venture. Thus, we decided to put the spotlight on some of the innovators who shared their lessons with the Vator community. In this episode of the Vator Reports Peter Thiel discusses the challenges he faced as he was pitching and building PayPal. Other famous entrepreneurs and investors in the Vator community, including Vinod Koshla, Mark Cuban, Tim Draper, Trip Hawkins, Chris Larson, Vivek Ranadive and Blake Krikorian share their views on what makes or breaks a company. Finally, Peter talks about how the late economist Milton Friedman has inspired him as an entrepreneur.
What lessons have you learned in your career as an entrepreneur? Share your lesson with the community by posting a comment for this episode of the Vator Reports or by uploading a video on Vator.tv describing the challenges you faced developing your ideas/business/product and how you overcame them. Also, let us know who you view as your inspiration. Remember: Sharing your lessons provides for good business karma.