Forbes: The Peter Thiel Approach To His Investment In Xero

Tom Tualli for Forbes writes: A must-read book for entrepreneurs is Peter Thiel’s Zero to One: Notes on Startups, or How to Build the Future. Of course, he knows what it takes to create breakout companies, such as PayPal, Palantir Technologies, Yelp, LinkedIn and Facebook.

OK, so what is it like to get an investment from Peter? Well, Xero CEO Rod Drury certainly knows. “It’s always enriching to spend any time with him,” he said. “He is a thoughtful person with a contrarian bent.”

And yes, Xero has benefited. The company, which operates an accounting platform for small businesses, has over 370,000 customers globally and $100 million in annualized revenues. Currently listed on the stock exchanges in New Zealand and Australia, it looks like Xero will pull off an IPO in the US next year. [snip].   The article continues @ Forbes, click here to continue reading.....