Technology 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.”

“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.”