Do You Agree With Peter Thiel?

I don’t. On a number of issues. Most of all: Don’t play little ball—swing for home runs.

Over 99% of the businesses that seek financing get rejected. Asking every entrepreneur to swing for the fences is dumb advice, in my opinion.

Acc. to Peter, a small idea = bad idea.

I couldn’t disagree more.

I just published Bootstrapping With A Paycheck, where we have case study after case study of businesses that have been successful by starting small, taking small amounts of risk, and developing very nice businesses.

Sorry Peter, I don’t get why every entrepreneur needs to swing for the fences.

Your thoughts?