Yesterday, former PayPal CEO Peter Thiel told the Mercury News why he thinks — you guessed it — there is no bubble.
Thiel the transhumanist couldn't help but lapse into some dense Valleyspeak. So here is his interview, translated by a caveman.
Hi. Me Og. Me will say what Peter say, then what he really mean.
First, Peter say, "I don't think [the Web 2.0 craze] is going to be over soon because the usage metrics are still tracking in a very steep northeasterly direction."
Northeaster? Peter not talking about weather. Peter mean, "Big things go up long time."
Then, he say, "Surveys are showing." This easy. It always mean "Me bluff this but it probably true."
This a tough one. Peter say, "The most successful Internet companies were Google, eBay, Netscape, Yahoo and on a smaller scale PayPal. They all started from a 10-mile radius from Stanford University." Og confused, but Og then remember that AOL, Amazon, Skype, and MySpace not count. Silly Og, to forget that!
Peter say, "Silicon Valley is a very serious place." Og think that one crystal clear.
"Culturally, I like Silicon Valley the best." That mean he boring.
"I'm a registered Republican but am libertarian." Og agree — capital gains tax no fun!
"Now we're in the fourth zone, where it is good to be an entrepreneur and tough to be a VC." Og think this a sly reference to Doris Lessing science fiction novel "The Marriage between Zones Three, Four, and Five." But Og found that work disappointing after Shikasta so he wouldn't know.
Q&A with Peter Thiel: Where will Web 2.0 take Silicon Valley? [Mercury News]
