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Maybe Thiel was trying to keep the arguments simple. Basically you are correct. Thiel's example of Uncle Albert
is not so good: Einstein long had all the money he wanted and, then, what he really wanted, free time to pursue research in physics. Yes, Einstein seemed not interested in making $1 billion. But, let's see: What about Steinmetz, electrical engineering, and GE? What about A. Viterbi and Qualcomm? What about the inventors of RSA, that is, Rivest, Shmmir, and Adleman? What about the researcher founders of some small research oriented pharmaceutical companies? Then there is research mathematician James Simons who used something between his ears to make ~$12 billion or so. And there's R. Bixby, long a prof at Rice,
lone a leading researcher in mathematical programming,
at one time Editor in Chief of Mathematical Programming,
and
creator of CPLEX, now owned by IBM. The story goes
that Bixby has a relatively nice house in Houston. And I would differ with Thiel on the Wright brothers. They sold copies of their first successful flyer to all who wanted to get into aviation on the ground floor. And there was Curtiss Wright that was still a viable airplane
engine builder in WWII. There was a lot of progress, call it research and/or engineering, in aircraft engines from
Kitty Hawk to WWII. Oh, I almost forgot: Edison who
was definitely interested in money. Sometimes the researchers do not much want to
get paid a lot, but sometimes they do and do. |