Sunday, June 24, 2012

The Chess Concepts Peter Thiel Used To Become A Billionaire

Through notes from Peter Thiel's CS183: Startup class at Stanford University, we have a unique window into the mind of the venture capitalist and hedge fund manager.

He's fascinated with human nature, and integrates what he learned from his former career as a chess master into his lectures.

Chess is a contained universe: there are only 32 pieces on the board and 64 squares those pieces can occupy. But starting up a company takes much more than raw intellectual ability; it requires what Thiel calls "The Mechanics of Mafia," or the understanding of complex human dynamics.

Linking the two worlds is Thiel's passion. Here are some of the chess concepts he highlighted in his class, thanks to notes from one of his former students, Blake Masters:
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