Peter Thiel:“Buzzwords are a tell, like in poker, that the company is bluffing and undifferentiated”

I think all trends are overrated. Healthcare IT education software, somewhat overrated. SAS software, pretty badly overrated. If you hear the words big data, cloud computing, you need to run away as fast as you possibly can. You need to just think fraud and run away. And the reason you want to be really careful about these buzzwords. So if I said, you know, I'm building a mobile platform for SaaS Enterprises to do big data in the cloud, all these buzzwords, they're a tell like in poker, that the company's bluffing and that it's undifferentiated. Conversely, the things that are underrated are the ones where there are no buzzwords, where it's, it's sort of, it doesn't actually fit into any pre existing categories. So Google would have been described as a search engine in 1998. People said, why do we need another search engine? We already have 20 in that category. And what was the first machine powered search and the PageRank algorithm was actually the key differentiating thing. And if you simply label it as a search engine that, that would have obscured all the key differences. So I think figuring out the correct way to think about things in categories for which we don't even have the proper languages is really.