Copyright © 2014 by Peter Thiel

All rights reserved.

Published in the United States by Currency, an imprint of the Crown Publishing Group, a division of Penguin Random House LLC, New York.

crownpublishing.com

CURRENCY and its colophon are trademarks of Penguin Random House LLC.

Originally published in hardcover in the United States by Crown Business, an imprint of the Crown Pulishing Group, a division of Penguin Random House LLC, New York, in 2014.

Library of Congress Cataloging-in-Publication Data

Thiel, Peter A.

Zero to one: notes on startups, or how to build the future / Peter Thiel with Blake Masters.

pages cm

1. New business enterprises. 2. New products. 3. Entrepreneurship. 4. Diffusion of innovations. I. Title.

HD62.5.T525 2014

685.1’1—dc23 2014006653

ISBN 9780804139298

Ebook ISBN 9780804139304

Book design by Ralph Fowler / rlfdesign, adapted for ebook

Graphics by Rodrigo Corral Design

Illustrations by Matt Buck

Cover design by Michael Nagin

Additional credits appear on this page , which constitutes a continuation of this copyright page.

rh_3.1_140174754_c0_r3 V4iEIU1+8JfbQCn1Xq9e1dhcVdPXRbfUZT7hCm1MmeI4eLJx0NQ3mwOR2HrV3mhI