Thiel's Crucial Facebook Hour

Jack Abraham shares a powerful story about time and opportunity that Marc Andreessen told him about Peter Thiel.

"Peter Thiel was talking to Marc about this big moment where he made his investment in Mark Zuckerberg and Facebook. He said, 'Listen Mark, I worked so hard my whole life to get into Stanford. I crushed it at Stanford, got into Stanford Law School, did really well there because I wanted to get into the best law firm. I got into the best law firm, realized it wasn't for me but that enabled me to start a hedge fund. From there I met Max Levchin, got the opportunity to run PayPal, it went public, merged with eBay, led me to start Clarium Capital.'

All of this effort, all of this time, all of this energy, everything that I had done up until this point in my life got me 1 hour with Mark Zuckerberg. And that hour was worth more than the cumulative sum of all those other hours that I had spent in my life.

This is a crazy mind-blowing fact - that there could be an hour that comes in your life that is worth more than the cumulative sum of everything else you've spent, all of the time, all of the effort, all of the energy that you've spent doing everything else. I think that can be true for everyone, so looking out for those power law time moments or those power hours can be so important."

JA

Jack Abraham

Serial entrepreneur and founder of Atomic, a venture studio. Co-founded numerous successful startups, including Bungalow, Hims and Hers, and OpenStore.

Created billions in enterprise value through Atomic's portfolio companies. Continues to build and scale startups, supporting entrepreneurs and fostering innovation.

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