Peter Thiel on pivoting and PayPal’s early failure
A brief YouTube interview excerpt in which Peter Thiel recounts PayPal's original product—an infrared beaming device for Palm Pilots—which failed and was later judged among the "10 worst business ideas" of 1999. Thiel emphasizes that although the first product failed, the team pivoted, and that persistence and willingness to change create multiple chances for success rather than a single one.
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