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0 pointsjeffreyrogers11y ago0 comments

Worth noting that $1mm in the 40s and 50s is much more in 2014 dollars.

0 comments

True, I looked up the adjusted amount and it's $16m.

But it semantics, as Thiel's point was to contrast the value he created with the value he captured.

There is a contrast only if you consider that the only way to capture value is through money.

Also you may think that "Capture value" is not a priority for everybody (Not only money, but also public attention, or power).

In fact capturing value as a priority may absorb too much of your time to be useful.

EDIT: corrected a word

j / k navigate · click thread line to collapse

coryl11y ago

True, I looked up the adjusted amount and it's $16m.

But it semantics, as Thiel's point was to contrast the value he created with the value he captured.

There is a contrast only if you consider that the only way to capture value is through money.

Also you may think that "Capture value" is not a priority for everybody (Not only money, but also public attention, or power).

In fact capturing value as a priority may absorb too much of your time to be useful.

EDIT: corrected a word

j / k navigate · click thread line to collapse