Prehistoric Trust as Speed Multiplier

"But Thiel’s view was that trust among teams was hard to build, and that friends-turned-employees came preinstalled with trust. “It was this network hiring sort of effect where we had a great deal of trust that everybody was reasonably bright, and trying to work toward making this successful,”"

"Later, in his role as an investor and advisor, Thiel emphasized the importance of a team’s “prehistory”—the bonds of work and friendship that exist prior to starting a venture."

"Both Thiel and Levchin told Nosek that they’d iterate until they landed on a concept that struck sparks. More persuasive to Nosek was the team’s alchemy, which now included three members—Levchin, Pan, and Simmons—that he knew from college. “I decided to work on it because of this feeling that, together, we’re going to do something amazing,” Nosek said. “Even if they had been wanting to do something completely different, I would have wanted to work with this group.”"

"We entered another warehouse, where a team of Danish engineers were mounting highly advanced computer systems for the time. We stopped to listen and observe what they were doing; even though we didn't understand their language, we saw how they were handling those shiny devices, looking to revolutionize the market with their breakthrough and also mysterious programs for those who were not aware of cutting-edge technology."

". Amancio Ortega has created a business model that is studied in universities and academic institutions to which he could not access. To vertical integration other golden rules are added that support the model and can be summarized in four fundamental points: flexibility of the offer, instant capture of market demands, rapid response and technological innovation."

"A commitment that he has lived with passion, relying on his visionary intelligence, his intuition, his vision of the future and his hours of intense work. He devoted two years, 1986 and 1987, to ensuring that all the manufacturing companies in the group directed all their production to the Zara chain, and during this time, the basis for a logistical system suitable to the strong growth rate was laid out. A production system that has permeated the minds of 21st century entrepreneurs to the point of applying it to other areas of the luxury and fashion world: accessories, jewelry, cosmetics..."