“Live the life you’ve imagined.” Thoreau (Taken with Instagram)
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Peter Thiel’s CS183: Startup - Class 18 Notes Essay
Here is an essay version of my class notes. Errors and omissions are mine. Credit for good stuff is Peter’s. Thanks to Joel Cazares for helping proof this.

I. Traits of the Founder
Founders are important. People recognize this. Founders are often discussed. Many companies end up looking like founder’s cults. Let’s talk a bit about the anthropology and psychology of founders. Who are they, and why do they do what they do?
A. The PayPal Origin

PayPal’s founding team was six people. Four of them were born outside of the United States. Five of them were 23 or younger. Four of them built bombs when they were in high school. (Your lecturer was not among them.) Two of these bombmakers did so in communist countries: Max in the Soviet Union, Yu Pan in China. This was not what people normally did in those countries at that time.
The eccentricity didn’t stop there. Russ grew up in a trailer park and managed to escape to the one math and science magnet school in Illinois. Luke and Max had started crazy ventures at Illinois Urbana-Champaign. Max liked to talk about his crazy attributes (he claimed/claims to have 3 kidneys), perhaps even a little too much. His came to the U.S. as sort of a refugee weeks after the Soviet Union collapsed but before other countries were formed. So he liked to say that he was a citizen of no country. It made for incredibly complicated travel issues. Everybody decided that he couldn’t leave the country, since it wasn’t clear that he could get back in if he did.
Ken was somewhat more on the rational side of things. But then again, he took a 66% pay cut to come do PayPal instead of going into investment banking after graduating from Stanford. So there’s that.
One could go on and on with this. The main question is whether there is a connection—and if so what kind—between being a founder and having extreme traits.
B. Distributions
Many traits are normally distributed throughout the population. Suppose that all traits are aggregated on a normal distribution chart. On the left tail you’d have a list of negatively perceived traits, such as weakness, disagreeability, and poverty. On the right tail, you’d have traditionally positive traits such as strength, charisma, and wealth.

Where do founders fall? Certainly they seem to be a bit less average and a bit more extreme than normal. So maybe the founder distribution is a fat-tailed one:

But that radically understates things. We can push it further. Perhaps the founder distribution is, however strangely, an inverted normal distribution. Both tails are extremely fat. Perhaps founders are complex combinations of, e.g., extreme insiders and extreme outsiders at the same time. Our ideological narratives tend to isolate and reinforce just one side. But maybe those narratives don’t work for founders. Maybe the truth about founders comes from both sides.
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10 Things I've Learned In The 2 Years Since I Graduated From Art School
I graduated from art school 2 years ago, here are some things I think I’ve learned. In the words of my current client, Donald Glover: “I’m not saying this thing is true or not, I’m just saying it’s what I learned.”
- “Creativity Is Recession Proof” were the words plastered over the novelty T-shirt I bought in college, and it turned out to be the most honest piece of clothing I have ever, and likely will ever own. Sadly… it also shows my nipples.
- The Internet is the world’s most powerful tool. With great power, comes… you know the rest… or maybe you don’t, since you’re scrolling through facebook or tumblr. The way you share creations is almost as important as the creations themselves.
- Advertising is worth the shame. My first illustration job out of college paid 20 dollars an image — a feeling not unlike getting mugged by a paraplegic sloth — yet every time those 20 dollars filled an empty wallet, my name and sites were sent off into the ether to hundreds of thousands, if not millions, of people. Now some of those people pay me 100x-1000x that for illustrations. Why? Maybe because I make nice things, but more likely? Because with every underpaid image I made, I made someone, somewhere, remember my name.
- Don’t “fuck the haters”, embrace the hivemind. The “haters” will come in many forms: sometimes with criticism based on personal preference, sometimes with nonsensical attacks that seem like youtube commenter vomit, and sometimes with actual advice disguised as “hate”, saying what you’re doing wrong and what you could be doing better. Not everyone is a sage, not everyone is right, but they are worth listening to, if only to put a pin in to see if you hear something like that again. You will literally never be above improvement. There is no plateau, keep climbing, and pay attention to what’s around you, even the guy shouting through a megaphone while jackhammering directly underneath a potential avalanche.
- Waiting for inspiration is like waiting at the DMV: It lasts forever and if you don’t know enough, you’ll probably still fail at the end. Nike your problems away by just doing it… “it” being something. You can wait and wait for good ideas, you can consume books, magazines, websites, and music by the truckload, desperate for something to trigger some sort of eureka moment, but if you just write your shitty lyric down, lay your shitty brush stroke down, or take your shitty photo, you’re on the right to track to actually making something good. I have made many terrible things, some of which remain terrible but served as stepping stones to better things, some I transformed into rather nice things, and I learned more about myself, the world, my work, technique, appeal, and a million other tiny factors from simply doing something, even when it failed.
- Work to play. Be an idiot when you’re young, like… college-young. I was quite an idiot in college but I could have been even more of one and probably have been just fine. However, when you leave… leave the party there. If you give up a lot when you leave your childhood behind, and put your all into boring grown-up things like “work”, “money”, and “responsibility”, it genuinely doesn’t take much time to get the freedom you had in college back. The only difference is that instead of keeping the party going to distract yourself from a job you hate and rent you can barely pay, you can kick back and enjoy the party when you choose to on your own terms, if you even care about doing so at all. In other words: Stop it with this YOLO nonsense, why you are taking a filthy-rich, diamond-selling recording artist who was on a Canadian TV show’s acronym of wisdom to mean: “be an idiot always and forever because fuck it, I’m young”, is beyond me. He worked hard to be able to wear $6000 socks, he didn’t “You Only Live Once” his way to them.
- There are a lot of people more talented than you, that’s something you should know, but never accept. I’m regularly embarrassed by the quality of my work when I look at the hordes of artists superior to me, but you have time to spend, knowledge to gain, and skills to practice for the rest of your life. Your place amongst the world has no finality to it, you can always be more.
- A friend who will stab you with a knife in the front is worth your weight in unicorn blood. Friends will back pat and backstab, occasionally becoming bloat and baggage, but if you should be so lucky as to find a person who cares about your success enough that they will outwardly knock you down a peg or ten with the truth so that you can better yourself, don’t toss them for the easier friend. Even lone-wolf-alpha-dog-max-payne-type people need a little help along the way.
- Karma is a pretty damn good business model. I have hunted for clients before. I have barked up their trees, aggressive and hungry for work, failing to get it every time. I have also done a lot of personal work, just for fun, but executed seriously. Many of these would be labelled as “fan art” — depictions of pop-culture icons with my own odd twist that I put out into the world — some of which I pour dozens of hours into. Traditionally, when I finish work with a client, I ask: “So, how did you find me?” almost every time the answer is: work of mine they saw on the web that I did for shits and giggles. I put good in, and in time (thanks to item #2), I get good out. There is no science or stability to this beyond the notion that if you work hard enough and if you can make your work seen, you will be rewarded. These are the naive musings of a 23 year-old, remember?
- “Art” is a shitty word that people will tack on to anything these days. Just focus on creating, whatever that may be, however that may be, do it well, and do it because you love it.
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What Needs To Be Said
All day, I kept telling myself I shouldn’t say anything. Then I realized: what the fuck? Be honest.
I found Paul’s post tactless. And I found Erick’s response inappropriate. Perhaps both are fitting given the entire clusterfuck that is this situation. But both are also quite sad.
Many of you are watching TechCrunch unravel before your very eyes. That sucks. It sucks for me too. But TechCrunch is also too big to fail. One way or another, it will live on. Try as hard as AOL might, they can’t totally fuck it up. That’s just the truth.
Also the truth: AOL has not reached out to me once in this entire situation. You’d think they might care about something like that. Evidently, they don’t. I’m not losing any sleep over it, but it’s curious.
I appreciate the outpouring of support from everyone. No matter what happens, don’t worry, I’ll be fine. I’m just sincerely worried about the state of AOL that they seem to have a total disregard for the actual situation. TechCrunch is a key property and one of the few bright spots in their portfolio. But to them, it’s apparently just numbers.
That’s a losing stance. TechCrunch may survive with that stance, but it will not thrive as it has. That’s the CNET stance. Complacency is poison.
Everyone still at TechCrunch knows this. That’s why Paul’s post is dangerous. He’s shining the spotlight on something, but he’s missing the mark. There is exactly one person to blame for all of this — and her name is not Erick.
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Living to 100 and Beyond - Scientists are saying that the first humans to live to 1,000 years old have already been born. (Insane, I know.) This article does a good job at asking a lot of philosophical questions about what type of repercussions society will face as we all begin living much older than our past ancestors.
Note: this topic makes for a great table conversation piece - try it out at your next dinner party.
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I know they’re still not the prettiest shoe in the world, but the latest update to the classic Vibram Five Fingers, the Vibram Five Finger Trek LS, makes these crazy looking shoes a little bit more sane.
And to those wondering about their functionality, I own a pair and actually really love them for less intense workouts and especially for running on the beach (they’re more stable than running barefoot, and your feet don’t sink into the sand as much as they do when you’re wearing tennis shoes).
What do you think about the new design?
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Over the last few weeks, we’ve been slowly bringing a handful of organizations on to the Rally platform. One of our earliest beta testers, Students of the World, is raising money to bring students from the University of Texas and the Cine Institute of Haiti together for a documentary on the Clinton Bush Haiti Fund.
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SMCA POSTERI like posters that are bold enough to see from a distance and as you step up, they give you the details you need. via baubauaus
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