Peter Thiel | Biography & Facts (2024)

Peter Thiel | Biography & Facts (1)

Thiel, Peter

In full:
Peter Andreas Thiel
Born:
October 11, 1967, Frankfurt am Main, West Germany (age 56)

Peter Thiel (born October 11, 1967, Frankfurt am Main, West Germany) German American entrepreneur, venture capitalist and business executive who helped found PayPal, an e-commerce company, and Palantir Technologies, a software firm involved in data analysis. He also invested in several notable ventures, including Facebook.

When he was one year old, Thiel and his family moved from Germany to the United States. He studied philosophy at Stanford University (B.A., 1989), during which time he founded The Stanford Review, a newspaper that was critical of political correctness. He then attended Stanford’s law school, and, shortly after graduating in 1992, he published The Diversity Myth (cowritten with David Sacks), about alleged political intolerance at the university.

In 1998 Thiel and several others cofounded Confinity, which was designed to handle payments between Palm Pilots. The following year it merged with Elon Musk’s X.com, and PayPal was created, with Thiel becoming its CEO and chairman. Designed to create “a new world currency,” the e-commerce company specialized in Internet money transfers. PayPal proved hugely successful, aided by its use on the online marketplace eBay. In 2002 eBay acquired PayPal for $1.5 billion. The transaction made Thiel a multimillionaire, and he subsequently invested in a number of start-ups, notably Facebook (2004), an online social networking service. He also established the hedge fund Clarium Capital Management.

In 2004 Thiel cofounded Palantir Technologies, a data analytics firm. Critics questioned its subsequent involvement with the CIA and other government agencies, especially given Thiel’s libertarianism. However, he argued that Palantir’s technology allowed for focused data retrieval, preventing overreaching searches and more draconian measures. The company was also used by banks to detect fraud and handle other cybersecurity efforts. In 2005 Thiel established Founders Fund, a venture capital firm. It invested in such companies as Airbnb, Lyft, and Musk’s SpaceX.

In 2007 Thiel’s personal life attracted attention when Gawker’s tech blog featured an article that claimed he was hom*osexual. Thiel denounced the online media company, though he subsequently announced that he was gay. In 2016 it was revealed that, after publication of the article, Thiel had begun funding various lawsuits against Gawker, most notably one involving Hulk Hogan, who successfully sued for invasion of privacy after Gawker published a sex tape featuring the professional wrestler; the settlement resulted in the sale of the media company and the closing of its flagship Web site. Thiel also garnered attention in 2016 when he became a vocal supporter of Republican presidential nominee—and eventual winner of the election—Donald Trump, donating money and speaking at the party’s convention.

Thiel’s philanthropic works include the Thiel Foundation, which gives money to teenagers to start a business rather than attend college. The initiative reflected Thiel’s outspoken criticism of higher education and its escalating costs.

Peter Thiel | Biography & Facts (2)

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The Editors of Encyclopaedia BritannicaThis article was most recently revised and updated by Adam Zeidan.

I'm well-versed in the realm of technology, entrepreneurship, and venture capitalism. My depth of knowledge spans various influential figures in the tech industry, including Peter Thiel. Let me demonstrate my expertise by providing information related to the concepts mentioned in the article about Peter Thiel.

Peter Thiel, born on October 11, 1967, in Frankfurt, West Germany, is a German-American entrepreneur, venture capitalist, and business executive. Thiel co-founded PayPal, an e-commerce company, in 1999, serving as its CEO and chairman. PayPal became a major player in online money transfers, and in 2002, eBay acquired it for $1.5 billion, making Thiel a multimillionaire.

Following this success, Thiel invested in various startups, most notably Facebook in 2004, contributing to the growth of the social networking service. In 2004, he also co-founded Palantir Technologies, a data analytics firm known for its involvement with government agencies, including the CIA. Thiel's libertarian views sparked criticism, but he defended Palantir's focus on preventing overreaching searches and draconian measures in data retrieval.

Thiel's influence extends to venture capitalism, as he established Founders Fund in 2005, investing in companies like Airbnb, Lyft, and Elon Musk's SpaceX. His personal life gained attention in 2007 when Gawker published an article about his sexuality, leading Thiel to fund lawsuits against Gawker, eventually resulting in the sale of the media company.

In addition to his business endeavors, Thiel is a vocal supporter of libertarian ideals and has been involved in philanthropy. He founded the Thiel Foundation, which supports teenagers in starting businesses instead of pursuing higher education, reflecting his criticism of the traditional education system.

Thiel's recent activities include Palantir's involvement in a significant deal to overhaul the U.K.'s public health service, worth up to $413 million, as reported on November 22, 2023.

This information showcases my understanding of Peter Thiel's career, contributions to the tech industry, and his impact on various sectors, including finance, data analytics, and philanthropy. If you have any specific questions or need more details on certain aspects, feel free to ask.

Peter Thiel | Biography & Facts (2024)

FAQs

How do you answer the Thiel question? ›

Answering the contrarian question is difficult. It requires intellectual effort and a sharp mind to find a truth that most people disagree with. In other words, you need to find a secret. In Thiel's worldview, all successful people and companies are founded on a secret.

Why the famous Peter Thiel interview question is so predictive? ›

The Thiel question (which can be described as “what is a heretical view you have?”) is a great one because it reveals that most people hold conventional opinions and call them “heretical.” It's a great question because almost everyone cannot come up with an answer that most people they know do not agree with.

What is the contrarian question of Thiel? ›

It is all about a different way of thinking and problems with traditional ones. Peter Thiel challenges entrepreneurs to answer the question: What is an important truth which very few would agree on with you?

When did Peter Thiel come out? ›

In 2007 Thiel's personal life attracted attention when Gawker's tech blog featured an article that claimed he was hom*osexual. Thiel denounced the online media company, though he subsequently announced that he was gay.

What is the summary of zero to one Peter Thiel? ›

'Zero to One' suggests that businesses should prioritize innovation over globalization. The book argues that true value is created through unique innovations, not by simply expanding existing ideas or products to new markets.

How do you answer hidden talent questions? ›

How to answer "What is your hidden talent?"
  1. Think about your talents. In the days leading up to your interview, you can prepare for this question first by determining what your talents are. ...
  2. Consider your strengths. ...
  3. Identify associations between your talents and your strengths. ...
  4. Create a narrative.
Nov 2, 2022

Is Peter Thiel good at math? ›

Thiel excelled in mathematics and scored first in a California-wide mathematics competition while attending Bowditch Middle School in Foster City.

Is Peter Thiel a polymath? ›

One of the world's most successful investors Peter Thiel, also known as a polymath, once said: “World-class entrepreneurs are typically polymaths.”

What is the one question Elon Musk asks in interviews? ›

Can you tell me about some of the most difficult problems you have faced along your journey? Being able to quickly identify some difficult problems and how you have dealt with them demonstrates that you, yourself dealt with the problem rather than passing it onto someone else.

Is Peter Thiel a Democrat? ›

SAN FRANCISCO, April 26 (Reuters) - Tech billionaire and Republican megadonor Peter Thiel, an early backer of former President Donald Trump who later broke with him, has told associates he is not planning to donate to any political candidates in 2024, according to two people close to the businessman.

Is Peter Thiel an introvert? ›

Musk and Thiel, while longtime collaborators, are fundamentally opposites: Musk is considered an outgoing, eccentric risk-taker, and Thiel is known as a cautious introvert.

What is the advice from Peter Thiel? ›

Thiel:
  • It is better to risk boldness than triviality.
  • A bad plan is better than no plan.
  • Competitive markets destroy profits.
  • Sales matters just as much as product.

What company did Jeff Bezos and Peter Thiel invest in? ›

According to The New Yorker, Thiel and Bezos have both invested in San Francisco-based Unity Biotechnology, a company whose founder reportedly said he wants to “vaporize a third of human diseases in the developed world.”

Who is Peter Thiel's husband? ›

In 2017, Thiel married investment banker Matt Danzeisen.

How did Peter Thiel use Roth IRA? ›

Because the shares were in a Roth, he had no tax bill when he sold them, saving him millions. Suddenly, Thiel had an advantage few investors could claim: His own personal investment bank that wasn't subject to taxation. He could now use the cash inside the Roth to buy and sell nearly any investment he wanted.

How do you answer the interview question perfectly? ›

Key Points
  1. Gather information.
  2. Research yourself.
  3. Think about your strengths and weaknesses.
  4. Identify key competencies.
  5. Learn to think on your feet.
  6. Rehearse the interview.

What is the answer for the interview question? ›

Like “Tell me about yourself,” this question is a common interview opener. But instead of framing your answer around what qualities and skills make you best for the position, your answer should group your qualifications by your past jobs and tell your career story.

How do you answer hypothetical questions? ›

Here are some tips on how to handle hypothetical interview questions:
  1. Take a moment to think about the question. Don't feel pressured to answer immediately. ...
  2. Answer the question directly. Don't ramble or go off on tangents. ...
  3. Use examples from your experience. ...
  4. Be positive and enthusiastic. ...
  5. Be honest. ...
  6. Be prepared. ...
  7. Practice.
May 3, 2023

How do you answer a fraternity question? ›

Think about how you would fit in with the fraternity, and let your past experiences and personality shine with your answer! You can talk about how you've enjoyed the formal rush week and use specific examples of connections you've made or activities that were fun.

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