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“ ”It’s better to think of distribution as something essential to the design of your product. If you’ve invented something new but you haven’t invented an effective way to sell it, you have a bad business — no matter how good the product.
About Peter Thiel
Peter Andreas Thiel (born 11 October 1967) is a German-American billionaire entrepreneur, hedge fund manager, venture capitalist, philanthropist, political activist, and author. A co-founder of PayPal, Palantir Technologies, and Founders Fund, he was the first outside investor in Facebook.
Biography information from Wikiquote
Shorter versions of this quote
If you’ve invented something new but you haven’t invented an effective way to sell it, you have a bad business — no matter how good the product.
Additional quotes by Peter Thiel
Whether through geographic exploration or laboratory research, the best minds of the Renaissance thought of death as something to defeat.
Your company needs to sell more than its product. You must also sell your company to employees and investors.
You could have 100% of the equity if you fully fund your own venture, but if it fails you’ll have 100% of nothing. Owning just 0.01% of Google, by contrast, is incredibly valuable (more than $35 million as of this writing).