Peter Thiel is a German-American entrepreneur and a venture capitalist.
Thiel was born in Frankfurt, Germany on 11 October 1967.
He moved to California along with his family in 1977.
Thiel has a bachelor’s degree in Philosophy from Stanford University and J.D. (similar to Indian LLB) from Stanford Law School and he started working as a Judicial Law Clerk.
In 1996, Thiel founded Thiel Capital and cofounded PayPal in 1999, where he served as the CEO until It was acquired by eBay in 2002 for $1.5B.
He is also the co-founder of Clarium Capital, a global macro hedge fund.
He launched Palantir Technologies, a big data analysis company, in 2004.
He launched another company called Founders Fund in 2005 along with PayPal partners Ken Howery and Luke Nosek.
Thiel was the first outside investor in Facebook when he invested $500,000 in August 2004 for a 10.2% stake.
A few awesome lines by Thiel.
“The best entrepreneurs know this: every great business is built around a secret that’s hidden from the outside. A great company is a conspiracy to change the world; when you share your secret, the recipient becomes a fellow conspirator.”
“The most valuable businesses of coming decades will be built by entrepreneurs who seek to empower people rather than try to make them obsolete.”
“All failed companies are the same: they failed to escape competition.”
Future Projects and Ambition:
Peter Thiel in his book, “Zero to One: Notes on Startups, or How to Build the Future” says that if someone wants to build a successful company, that person must work on empowering people not to make them obsolete. He emphasises on building monopoly and he defines monopoly in a positive way as a way to uniquely build your company and solve problems and he has invested in such path-breaking companies like SpaceX, Facebook, PayPal. Thiel is very secretive about his project at Palantir Technologies but looking at his previous investments, we are pretty sure that he is working on some really groundbreaking technology.