#278 Peter Thiel

**David Senra** (0:00)
I want to tell you about a one time only limited event that I don't think you're going to want to miss. I am doing a live show with Patrick O'Shaughnessy from the Invest Like the Best podcast in New York City on October 19th. Patrick has interviewed over 300 of the world's best investors and founders for his podcast. I've read over 300 biographies of history's greatest entrepreneurs for my podcast. We'll be talking about what we learned from seven years of podcasting, sharing our favorite ideas and stories, and doing a live Q&A. There will also be special event-only swag. If you live in New York City, I think it's a no-brainer. But if not, I think it's a great excuse to fly in. I've already heard from a bunch of people that bought tickets, they're flying in from other cities. Some people are flying in from other countries. That's setting the bar really high, so I will have at least four shots of espresso, or four energy drinks before or during the show, so we can make it a night that you'll never forget. If you're interested in attending this unique live event, I will leave a link down below. I highly recommend you get your tickets today, and I hope I get to see you in New York on October 19th. One of my favorite things about making this podcast is that I get to talk to so many founders. A lot of those founders are dead, so I have one-sided conversations in the form of reading their autobiographies or their biographies. But in addition to that, because so many different entrepreneurs and founders listen to the podcast, I get to meet and talk to founders still building companies today. And a reoccurring theme on these conversations, a lot of these conversations I have with founders, is that a large part of your life is actually searching for your life's work. A lot of them are looking for something that is uniquely them, that they can do forever. And in almost every single case, that means starting more than one company. And this is so common that today's sponsor, Tiny, has built an entire business around buying other businesses. And Tiny is doing something that's really smart. They know there's a ton of entrepreneurs and founders that listen to this podcast, that are building businesses, some of which have a business they want to sell today, some of which will have a business that they want to sell in the future.
And what I like about them is the way they differentiate their offering compared to other people that buy businesses. And that's just, they're no bullshit. And so when a founder goes to tiny.com and says, hey, I want to sell my business, they get a response within 48 hours. There's an offer made within seven days and they close within a month. The founder gets a bag full of cash upfront. If you're a founder that wants to sell their business now or in the future, go to tiny.com.
One of my favorite ideas that I discovered through the reading that I do for the podcast came from William Randolph Hurst. And it's this idea of finding a way to make your total addressable market way larger. Hurst put newspapers on trains. So instead of only selling in one city, he was able to sell in half a dozen. That is the idea behind Fable. Fable makes your product more usable for everyone. And as a result, it increases the size of the market. And before Fable started advertising on the podcast, I had no idea that I was using a bunch of products that were originally designed for people with disabilities first. The videos that you see on social media with no sound and caption on, those were designed for people with disabilities first. The ability to dictate a text message, the ability to change the font size on your phone, the creation of dark mode on your phone. All of those products were first created and designed for people with disabilities first. And when you're able to design your product for people at the margins, the people that tend to have more complex requirements than you and I, the end result is that your product is actually more adaptable, it's more personal, and at the end of the day, it's more usable. And as Steve Jobs said, the easier you make something to use, the more people will use it. And that is why Fable exists. It helps product teams build the most usable products on the internet. By using Fable, your product team can research and test whatever website or app that you're building with real people with disabilities. You get to run these tests on demand, and through Fable, you get insights that actually help your product be used by more people. You can test your website for free right now by going to makeitfable.com, forward slash founders. That's makeitfable, F-A-B-L-E ,.com, forward slash founders. And I want to tell you about one more sponsor before we jump into today's episode. It is Tegas. Tegas has a very special relationship with all the shows on the Colossus Podcast Network, which founders joined a few months ago. Patrick from Invest Like the Best is also the founder of the Colossus Network, and he's a giant Tegas fan, so much so that his investment firm, PositiveSum, just put $20 million into Tegas. And so I called Patrick the other day, and I was like, hey, how do you describe what Tegas does? He's like, listen, it's a search engine for business knowledge. It is a hub for where you do research on companies. He says, investors and founders go to Tegas. They say, hey, I have a question. Tegas routes that question to the best person in the world to answer it. That part is really important because the difference in the answer from the first best person in the world is way more valuable than an answer from the 10th best person. That is why he describes it as a search engine for business knowledge, because you get the knowledge that you seek, it's higher quality, and you get it way faster. And what I think is also interesting to you and I is how he describes the founders. He called them ultra competitive, ultra hardworking nutcases. They go so fast, and they think about the company they're building as a work of art. So if you're building a company, or you're a venture capitalist, or you work in public equities or private equity, and you want to see what Tegas platform can do, the best thing to do is to go to tegas.com and start a free trial. That's tegus.com.