Peter Theil Biography
Peter Thiel is one of the well-known entrepreneur and investor. He was the co-founder of PayPal and later led it as CEO. He has made his first investment in Facebook, where he serves as a director. And he also served as a chairman in Palantir Technologies. He has also made some contributions for LinkedIn, Yelp, and dozens of startups, many run by former colleagues who have been dubbed the “PayPal Mafia.” He also served as a partner at Founders Fund, a Silicon Valley venture capital firm. He has capitalized companies such as SpaceX and Airbnb. He started the Thiel Fellowship, which funds young entrepreneurs, and he leads the Thiel Foundation, which works to improve advance technological progress and long-term thinking. He is an author of recommended books like Zero to One: Notes on Startups, or How to Build the Future.
He was the Founder of 8 different companies, which includes: PayPal, Inc., Sportelligence, Inc. and Mithril Capital Management LLC, Peter Andreas Thiel is an entrepreneur and businessperson who has been at the helm of 5 different companies and occupies the position of Chairman for Palantir Technologies, Inc. (which he founded in 2004), President of Thiel Capital Management LLC, Managing Partner at The Founders Fund Management LLC (which he founded in 2010) and Co-Founder at Mithril Capital Management LLC (since 2012).
He also served as a manager of Lembas LLC and manager of PT Ventures LLC and on the board of 6 other different companies.
Peter Andreas Thiel appointed for the position of President for Valar Ventures Management LLC, Chairman, President & Chief Executive Officer at PayPal, Inc. (he founded the company in 1998), President for Clarium Capital Management LLC (he founded the company in 2002) and Derivatives Trader at CS Financial Corp.
Peter completed his undergraduate degree from Stanford University. And he has done his graduation from Stanford Law School.
Peter Theil Childhood & Early Life
Peter Thiel was born on October 11, 1967, in Frankfurt, West Germany, to Klaus Friedrich Thiel and Susanne. He has a brother named Patrick Michael Thiel.
When he was a 6-year old, his family migrated from Germany to the US and settled in Cleveland. His father’s professional endeavors saw the family moving to South Africa and southwest Africa (presently Namibia) prior to settling down in Foster City, California, in 1977.
He was a chess prodigy; he started playing the game at the age of six. In 1992, he attained a peak rating of 2342 from the United States Chess Federation (USCF). He was awarded the title of Life Master.
He attended San Mateo High School where he was chosen valedictorian of his graduating class in 1985. He then attended Stanford University to study philosophy. At Stanford, Thiel along with Norman Book founded the student-run newspaper, ‘The Stanford Review,’ to provide conservative and libertarian viewpoints. Thiel became the newspaper’s first editor-in-chief and served the position until he earned his Bachelor of Arts in 1989.
He then attended Stanford Law School and obtained his Doctor of Jurisprudence in 1992.
After receiving his J.D. Thiel started working as a judicial clerk for Judge James Larry Edmondson. After that, he served as a securities lawyer for around seven months in the International law firm Sullivan & Cromwell in New York.
In 1993, he started working with Credit Suisse as a derivatives trader in currency options. Meanwhile, he also worked as a speechwriter for former-U.S. Secretary of Education William Bennett.
In 1996, he returned to California and set-up ‘Thiel Capital Management.’
In December 1998, he along with Luke Nosek and Max Levchin co-founded the American software company, ‘Confinity Inc.,’ in Silicon Valley. The company was originally launched as a Palm Pilot payments and cryptography company.
Thiel had the objective of creating a digital wallet, which eventually led Confinity to launch ‘PayPal’ in 1999. PayPal serves as an online money transfer and works as an electronic alternative of the conventional mode of payments, such as cheques and money orders. During the start of PayPal, Deutsche Bank and Nokia representatives used PayPal on their PalmPilots to send Thiel $3 million in venture funding.
With time, PayPal expanded into the wireless phone market through mergers with X.com and Pixo. On February 15, 2002, the company went public and later in October that year it was sold to eBay for $1.5 billion. Thiel who had a 3.7% stake in the company stepped down as its CEO following the sale.
In 2002, he founded the global macro hedge fund company, ‘Clarium Capital Management LLC,’ in San Francisco. The funds were under the management of the company which grew up to $8 billion in 2008. In 2011, its assets decreased to $300–400 million due to several unprofitable investments and client redemptions.
He co-founded a software company, ‘Palantir Technologies,’ in May 2003. Thiel serves as Chairman of the company that is headquartered in Palo Alto, California, and specializes in big data analytics. Palantir seized a steady rise and was valued at $20 billion in late 2015. And, Morgan Stanley also valued it at $6 billion in 2018.
He became the first outside investor in Facebook in August 2004 when he made a $500,000 angel investment in the company for a 10.2% stake in it. He also became a board member of Facebook. Later on, he sold out his 16.8 million shares of Facebook for $638 million when the company held its initial public offering in May 2012. He remains on the board of directors of the company.
In July 2005, he co-founded a venture capital firm, ‘Founders Fund,’ based in San Francisco. The firm invests in companies building revolutionary technologies. On a personal level, Thiel has made investments in different startups.
He established the venture capital fund named as, ‘Valar Ventures,’ along with Andrew McCormack and James Fitzgerald. Thiel serves as the chairman of the company that became the first venture fund to invest in Xero in October 2010.
He is also an investment committee chair of ‘Mithril Capital Management’ that he co-founded in June 2012.
Thiel was also a partner at the American seed accelerator ‘Y Combinator’ from 2015 to 2017.
Peter Theil Political Pursuits-
Thiel is one of the popular libertarians, and as a respected and dedicated member of the Republican Party, he has been serving for different Libertarian and Republican causes.
He resigned for President in December 2007, contributed to the John McCain 2008 presidential campaign, backed Meg Whitman during the 2010 California gubernatorial election, and supported Ron Paul to serve as a president in 2012, and upon Paul’s failure to get the Republican Party nomination for president, Thiel contributed to the Mitt Romney/Paul Ryan presidential ticket of 2012.
He backed Donald Trump and donated an amount of $1.25 million to support the latter’s 2016 presidential campaign. Thiel was enlisted in the executive committee of the Trump transition team.
Thiel has also contributed donations to several other politicians, including Sen. Lamar Alexander, Ryan Brumberg, Rep. Mike Coffman, and Douglas Forrester.
Peter Thiel is a Steering Committee member of the Bilderberg Group.
Peter Thiel established the ‘Thiel Foundation’ through which he executes most of his philanthropic endeavors. He governs three main internal projects of the ‘Thiel Foundation’ like Breakout Labs, Imitatio and Thiel Fellowship. The foundation supported outside groups and had made major funding in non-profit research in areas of seasteading, artificial intelligence, and life extension.
He has been an occasional commentator on CNBC and featured in CNBC programs like ‘Squawk Box’ and ‘Closing Bell.’
Peter Thiel co-authored the book, ‘The Diversity Myth: Multiculturalism and the Politics of Intolerance at Stanford,’ with David O. Sacks. In September 2014, Thiel and Blake Masters came up with the book, ‘Zero to One.’ Thiel has also contributed articles to ‘Policy Review’, ‘Forbes’, ‘First Things,’ and ‘The Wall Street Journal’.
He was credited as co-producer of the commercially successful 2005 satirical-comedy film, ‘Thank You for Smoking.’
Peter Theil Personal Life
Thiel is a German citizen by birth. He became a naturalized citizen of the US in 1978, and a citizen of New Zealand in 2011.
Thiel is gay. He got married to Matt Danzeisen, in Vienna, Austria, in October 2017. He has backed different gay rights causes like ‘GOProud’ and ‘American Foundation for Equal Rights.’
Some Important Questions to Discuss
Is Peter Thiel on Facebook board?
Thiel was born in Frankfurt. Earlier, he served as Facebook’s first outside investor when he acquired a 10.2% stake for $500,000 in August 2004. He sold out his shares in Facebook for over $1 billion in 2012 but remains on the board of directors.
How do you become a Thiel Fellow?
There are two major requirements to be considered for a Thiel Fellowship.
- First of all, an applicant must be 22 years old or younger.
- Secondly, applicants must have a clear vision for what they are trying to create and be in the procedure of making meaningful progress towards the completion of their vision.
What does Peter Thiel read?
Peter Thiel is an author of one of the top recommended books by entrepreneurs, ‘Zero to One: Notes on Startups, or How to Build the Future’. He was born in Germany, Thiel later moved with his family to the US right when he was one year old and grew up in Southern Africa before returning to the US.
Does Peter Thiel own PayPal?
Peter Andreas Thiel is one of the famous American entrepreneur and venture capitalist. He is also a co-founder of PayPal, Palantir Technologies and Founders Fund. He has co-founded PayPal in 1999, serving as a chief executive officer until its sale.
Peter Thiel all company and their link.
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