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30 October 2014updated 26 May 2016 12:30pm

Peter Thiel: we must stop fearing the future

The co-founder of PayPal, Facebook board member and hugely successful venture capitalist is disappointed in the future. He doesn’t think we’re ambitious enough.

By Ian Steadman

The Silicon Valley billionaire Peter Thiel – a co-founder of PayPal, Facebook board member and hugely successful venture capitalist – is disappointed in the future. He doesn’t think we’re ambitious enough.

Someone living in 1964 might have imagined that in 2014 we’d be enjoying jet packs and moon hotels. Instead, we have to make do with Instagram and Segways. What’s worse, according to Thiel, is that our “financial and capitalistic” age is not bothered that we’re not doing as well as we should. The premise of his new book, Zero to One: Notes on Start-ups, or How to Build the Future, is that the most advanced economies of the world have been experiencing a four-decade lull in innovation – and that is because we’ve stopped daring to dream big.

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