Whilst learning philosophy and legislation at Stanford, Thiel based a newspaper referred to as The Stanford Evaluate to take goal on the college’s emphasis on political correctness.
Thiel was a world-ranked chess participant at a tender age and the sport even impressed a few of his industry methods.
Ahead of transferring into the tech sector, Thiel labored as a clerk for an appeals pass judgement on. He had interviews to clerk for US Ideal Courtroom Justice Anthony Kennedy and Justice Antonin Scalia, however wasn’t a hit.
Supply: Industry Insider
After operating as a securities attorney for seven months, Thiel was a derivatives dealer at Credit score Suisse and made sufficient money to release PayPal with Max Levchin.
The “PayPal Mafia,” together with Keith Rabois, Elon Musk, David Sacks, and Reid Hoffman, went directly to change into rich angel buyers.
Thiel’s stake in PayPal netted him about $55 million, which he used to release a hedge fund, Clarium Capital. It misplaced 90% of its property by way of 2011.
In 2004, Thiel and Alexander Karp cofounded Palantir, which is able to sift thru footage, movies and different knowledge to stumble on criminal activity. It used to be in keeping with Thiel’s concept of the use of monetary trade fraud-detection device to observe terrorist process.
In 2004 Thiel was the primary outdoor investor in Fb by way of paying $500,000 for a ten% stake and joined the board.
Quickly afterwards, Thiel began his VC company, Founders Fund, which targets to handle “regularly tricky clinical or engineering issues.”
In 2011, he introduced the Thiel Fellowship, which gave $100,000 and two years of improve to twenty candidates below the age of 20 so they might release their firms.
Supply: The Thiel Fellowship
Thiel wrote in a 2015 Reddit publish that he aimed to are living to be 120 years previous and takes human enlargement hormone day by day. He is additionally expressed hobby in getting blood transfusions from more youthful folks to sluggish getting older.
In 2007, Thiel started a feud with Gawker after it revealed a tale headlined “Peter Thiel is completely homosexual, folks.” He spoke back by way of evaluating the web page to Al-Qaeda “in that it scares everyone.”
Supply: PE Hub Community