Biggest Lessons from Peter Thiel

Investment Strategy & Firm Structure - Founders Fund designs incentive structures and mechanisms to constantly test investment conviction [1] - The firm allows employees to personally invest alongside the fund, acting as a conviction test [2] - If an employee doesn't invest personally in a deal, Peter Thiel questions their conviction compared to investing in the S&P [3] - Founders Fund employs various implicit methods to assess investment conviction beyond explicit questioning [3]