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Masters of Scale

Escape the competition, w/PayPal's Peter Thiel

Masters of Scale

WaitWhat

Startups, Business, Mindset, Management, Bob Safian, Entrepreneurship, Diversity & Inclusion, Reid Hoffman, Jeff Berman

4.64.4K Ratings

🗓️ 8 November 2017

⏱️ 47 minutes

🧾️ Download transcript

Summary

If you want to grow your business, your goal isn’t to beat the competition — it’s to escape the competition altogether. No one knows this better than PayPal founder Peter Thiel. His theory? “Competition is for losers.” Thiel is a former colleague, frequent co-investor and longtime intellectual sparring partner with host Reid Hoffman. Their combined thinking on the competitive landscape is unmissable.

Read a transcript of this interview at: https://mastersofscale.com/peter-thiel-escape-the-competition/

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Transcript

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0:00.0

Hi, it's Bob Safian. You've been hearing me as the host of rapid response in this feed for a few years now,

0:07.8

with short newsy interviews alongside the deeper dives of Masters of Scale. Well, I'm excited to share that rapid response is expanding into its own feed.

0:17.0

We'll be putting out shows twice a week, focusing on the urgent issues that business leaders are dealing with in real time.

0:24.8

So search for rapid response in your podcast player and subscribe to make sure you get all our episodes.

0:31.2

I'll see you on the other side.

0:33.0

Hey there, Masters of Scale listener, this is Reed, and before we start the show, I have a favorite

0:38.2

ask you. If you love the show, I would love you to leave a review. And of of course wouldn't mind a five-star rating either

0:45.0

your review helps other listeners find us and it helps us learn what you like.

0:50.0

We read every review so I know Joy Chutikoff appreciates the candidness of the conversations,

0:56.0

and Kevin O.S.D. likes the variety.

0:59.0

Thank you, Joy and Kevin, and thanks in advance to each of you for leaving review. Speed is not manufactured by how fast the feet move but how much force per step.

1:28.4

That's Darrell Woodson, a personal coach to some of the fastest runners in the world.

1:36.0

He trains Olympic athletes who have broken one world record, three national records, and

1:41.5

claimed ten national titles.

1:44.0

Darrell doesn't have a single training regime foes Olympic medalists.

1:48.0

Each runner has unique strengths.

1:50.0

Some runners, for example, seem to explode off the blocks.

1:54.0

When Garel sees that explosive quality, he lights a match under them.

1:59.0

It starts in your head.

2:01.0

The brain controls 100% of your muscle capacity.

2:04.0

Sometimes the runner's brain functions a lot quicker than other people.

2:08.0

It's more natural for them to just be explosive.

...

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