Peter Thiel: Difference between revisions
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{{Infobox Person |
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| name = Peter Thiel |
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| image = Peter Thiel.jpg |
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| caption = |
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| birth_date = 1967 |
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| birth_place = [[Frankfurt am Main]], [[Germany]] |
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| occupation = |
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| networth = |
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| spouse = |
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| children = |
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| website = |
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| footnotes = |
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}} |
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'''Peter Andreas Thiel''' (born [[1967]]) is an [[United States|American]] [[entrepreneur]], |
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[[hedge fund]] manager, and venture capitalist. With [[Max Levchin]], Thiel co-founded [[PayPal]] and was its [[CEO]]. He currently serves as president of [[Clarium Capital Management LLC]], a [[global macro]] hedge fund with nearly $3 billion under management, and a managing partner in [[The Founders Fund]], a $50 million venture capital fund he launched in 2005. He was an early investor in [[Facebook]], the popular social-networking site, and sits on the company’s Board of Directors. |
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== Biography == |
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Born in [[Frankfurt am Main]], [[Germany]] and raised in [[Foster City]], [[California]], Thiel studied [[20th century philosophy]] as an undergraduate at [[Stanford University]]. An avowed [[libertarian]], he founded [[The Stanford Review]], now the university's main conservative/libertarian newspaper. |
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After earning his J.D. from Stanford in 1992, Thiel clerked for Judge J.L. Edmondson of the 11th Circuit Court of Appeals, practiced law and later traded derivatives. He eventually founded Thiel Capital Management, a multistrategy fund, in [[1996]]. After co-founding PayPal, Thiel took the company public on Feb. 15, 2002, and sold it to [[eBay]] for $1.5 |
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[[1000000000 (number)|billion]] later that year.<ref>{{Cite web |
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| title = eBay picks up PayPal for $1.5 billion | CNET News.com |
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| accessdate = 2008-01-24 |
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| url = http://www.news.com/2100-1017-941964.html |
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}}</ref> His 3.7 percent stake in PayPal was worth approximately $55 million at the time of the acquisition.<ref>{{Cite web |
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| title = SEC Info - Ebay Inc - S-4 - On 8/6/02 |
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| accessdate = 2008-01-24 |
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| url = http://www.secinfo.com/dr6nd.33fd.htm |
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}}</ref> Immediately after the sale, Thiel relaunched his fund with a new name, Clarium, pursuing a global macro strategy. In 2005, Clarium was honored as global macro fund of the year by both [[MarHedge]] and [[Absolute Return]], two trade magazines. Thiel’s approach to investing became the subject of a chapter in Steve Drobny’s book, ''Inside the House of Money''. |
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In addition to Facebook, Thiel has made early-stage investments in several startups, including [[Slide (website)| Slide]], [[LinkedIn]], [[Friendster]], Palantir Technologies, and [[IronPort]]. Slide, LinkedIn, and IronPort were each founded by colleagues of Thiel’s from PayPal. Fortune magazine reports that PayPal alumni have founded or invested in dozens of startups with an aggregate value, according to Thiel, of around $30 billion.<ref name=cnn20071114> |
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{{Cite web |
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| title = The PayPal mafia - Nov. 14, 2007 |
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| accessdate = 2008-01-24 |
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| url = http://money.cnn.com/2007/11/13/magazines/fortune/paypal_mafia.fortune/index.htm |
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}}</ref> |
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Thiel’s cultural pursuits have recently included executive producing “[[Thank You for Smoking]],” a feature film based on the |
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[[Christopher Buckley]] novel of the same name. He is a chess master. He is also the co-author (with [[David O. Sacks]], who produced ''TYFS'') of the book, ''[[The Diversity Myth: 'Multiculturalism' and the Politics of Intolerance at Stanford]]'', and has contributed articles to ''The Wall Street Journal'', ''First Things'', ''Forbes'', and ''[[Policy Review]]'', the journal of The [[Hoover Institution]] (on whose board he sits). In 2006, he won the Herman Lay Award for Entrepreneurship.<ref> |
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{{Cite web |
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| title = The Association of Private Enterprise Education |
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| accessdate = 2008-01-24 |
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| url = http://www.apee.org/award-lay.html |
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}}</ref> In 2007, he was honored as a Young Global leader by the [[World Economic Forum]] as one of the 250 most distinguished leaders age 40 and under.{{Fact|date=January 2008}} |
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==Facebook== |
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In late 2004, Peter Thiel made a $500,000 [[Angel_investor|angel investment]] in Facebook. |
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==Philanthropy== |
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In February 2006 Thiel provided $100,000 of matching funds to back the Singularity Challenge donation drive of the [[Singularity Institute for Artificial Intelligence]]. Additionally he joined the Institute's advisory board and participated in the May 2006 Singularity Summit at Stanford. |
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In September 2006 Thiel announced that he would donate $3.5 million to foster anti-aging research through the [[Methuselah Mouse Prize]] foundation.<ref> |
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{{Cite web |
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| title = The Mprize-PayPal Founder pledges $3.5 Million to antiaging research |
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| accessdate = 2008-01-24 |
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| url = http://www.mprize.org/index.php?pagename=newsdetaildisplay&ID=0107 |
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}}</ref> He gave the following reasons for his pledge: "Rapid advances in biological science foretell of a treasure trove of discoveries this century, including dramatically improved health and longevity for all. I’m backing [[Dr. de Grey]], because I believe that his revolutionary approach to aging research will accelerate this process, allowing many people alive today to enjoy radically longer and healthier lives for themselves and their loved ones." |
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In May 2007 Thiel provided half of the $400,000 matching funds for the annual Singularity Challenge donation drive. |
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On April 15th, 2008, Thiel pledged $500,000 to the new [[Seasteading]] Institute, whose mission is "to establish permanent, autonomous ocean communities to enable experimentation and innovation with diverse social, political, and legal systems"<ref name=tsi20080415> |
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{{Cite web |
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| title = Introducing The Seasteading Institute |
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| accessdate = 2008-04-16 |
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| url = http://seasteading.org/stay-in-touch/press-releases/introducing-the-seasteading-institute |
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}}</ref> |
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==Politics== |
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In December 2007, he endorsed [[Ron Paul]] for President. <ref>{{Cite web |
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| title = Endorsements » Blog Archive » Peter Thiel |
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| accessdate = 2008-01-24 |
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| url = http://people.ronpaul2008.com/endorsements/2007/12/22/peter-thiel/ |
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}}</ref> |
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== References == |
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{{Reflist}} |
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== Further reading == |
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*{{cite book |
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| last = Drobny |
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| first = Steven |
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| authorlink = Steven Drobny |
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| title = Inside the House of Money |
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| publisher = Wiley |
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| date = 2006 |
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| location = ''The Dot-Commer'' |
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| url = http://www.amazon.com/dp/0471794473/ |
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| id = ISBN 0-471-79447-3 }} |
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==External links== |
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* [http://www.itconversations.com/shows/detail380.html Virtual Money] on ITConversations.com - November 2004 |
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* [http://www.theadvocates.org/celebrities/peter-thiel.html Peter Thiel - Friend of Liberty] from the Advocates for Self-Government website |
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* [http://www.linkedin.com/in/peterthiel Peter Thiel's LinkedIn profile] |
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* [http://www.guardian.co.uk/technology/2008/jan/14/facebook With friends like these...] Article from the Guardian newspaper profiling Thiel and other investors in Facebook |
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* [http://www.acceleratingfuture.com/people/Peter-Thiel/ Peter Thiel profile on Accelerating Future] video, audio and gallery |
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* [http://www.hoover.org/publications/policyreview/14801241.html The Optimistic Thought Experiment] essay by Peter Thiel published in Policy Review |
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{{DEFAULTSORT:Thiel, Peter}} |
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[[Category:1967 births]] |
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[[Category:American businesspeople]] |
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[[Category:American libertarians]] |
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[[Category:Hedge fund managers]] |
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[[Category:American money managers]] |
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[[Category:Businesspeople]] |
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[[Category:Financial analysts]] |
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[[Category:Living people]] |
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[[Category:Money managers]] |
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[[Category:People in finance]] |
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[[Category:Stock and commodity market managers]] |
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[[Category:Venture capitalists]] |
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[[de:Peter Thiel]] |
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[[fr:Peter Thiel]] |
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Revision as of 09:26, 22 May 2008
Peter Thiel | |
|---|---|
 | |
| Born | 1967 |
Peter Andreas Thiel (born 1967) is an American entrepreneur, hedge fund manager, and venture capitalist. With Max Levchin, Thiel co-founded PayPal and was its CEO. He currently serves as president of Clarium Capital Management LLC, a global macro hedge fund with nearly $3 billion under management, and a managing partner in The Founders Fund, a $50 million venture capital fund he launched in 2005. He was an early investor in Facebook, the popular social-networking site, and sits on the company’s Board of Directors.
Biography
Born in Frankfurt am Main, Germany and raised in Foster City, California, Thiel studied 20th century philosophy as an undergraduate at Stanford University. An avowed libertarian, he founded The Stanford Review, now the university's main conservative/libertarian newspaper.
After earning his J.D. from Stanford in 1992, Thiel clerked for Judge J.L. Edmondson of the 11th Circuit Court of Appeals, practiced law and later traded derivatives. He eventually founded Thiel Capital Management, a multistrategy fund, in 1996. After co-founding PayPal, Thiel took the company public on Feb. 15, 2002, and sold it to eBay for $1.5 billion later that year.[1] His 3.7 percent stake in PayPal was worth approximately $55 million at the time of the acquisition.[2] Immediately after the sale, Thiel relaunched his fund with a new name, Clarium, pursuing a global macro strategy. In 2005, Clarium was honored as global macro fund of the year by both MarHedge and Absolute Return, two trade magazines. Thiel’s approach to investing became the subject of a chapter in Steve Drobny’s book, Inside the House of Money.
In addition to Facebook, Thiel has made early-stage investments in several startups, including Slide, LinkedIn, Friendster, Palantir Technologies, and IronPort. Slide, LinkedIn, and IronPort were each founded by colleagues of Thiel’s from PayPal. Fortune magazine reports that PayPal alumni have founded or invested in dozens of startups with an aggregate value, according to Thiel, of around $30 billion.[3]
Thiel’s cultural pursuits have recently included executive producing “Thank You for Smoking,” a feature film based on the Christopher Buckley novel of the same name. He is a chess master. He is also the co-author (with David O. Sacks, who produced TYFS) of the book, The Diversity Myth: 'Multiculturalism' and the Politics of Intolerance at Stanford, and has contributed articles to The Wall Street Journal, First Things, Forbes, and Policy Review, the journal of The Hoover Institution (on whose board he sits). In 2006, he won the Herman Lay Award for Entrepreneurship.[4] In 2007, he was honored as a Young Global leader by the World Economic Forum as one of the 250 most distinguished leaders age 40 and under.[citation needed]
In late 2004, Peter Thiel made a $500,000 angel investment in Facebook.
Philanthropy
In February 2006 Thiel provided $100,000 of matching funds to back the Singularity Challenge donation drive of the Singularity Institute for Artificial Intelligence. Additionally he joined the Institute's advisory board and participated in the May 2006 Singularity Summit at Stanford.
In September 2006 Thiel announced that he would donate $3.5 million to foster anti-aging research through the Methuselah Mouse Prize foundation.[5] He gave the following reasons for his pledge: "Rapid advances in biological science foretell of a treasure trove of discoveries this century, including dramatically improved health and longevity for all. I’m backing Dr. de Grey, because I believe that his revolutionary approach to aging research will accelerate this process, allowing many people alive today to enjoy radically longer and healthier lives for themselves and their loved ones."
In May 2007 Thiel provided half of the $400,000 matching funds for the annual Singularity Challenge donation drive.
On April 15th, 2008, Thiel pledged $500,000 to the new Seasteading Institute, whose mission is "to establish permanent, autonomous ocean communities to enable experimentation and innovation with diverse social, political, and legal systems"[6]
Politics
In December 2007, he endorsed Ron Paul for President. [7]
References
- ^ "eBay picks up PayPal for $1.5 billion". Retrieved 2008-01-24.
{{cite web}}: Text "CNET News.com" ignored (help) - ^ "SEC Info - Ebay Inc - S-4 - On 8/6/02". Retrieved 2008-01-24.
- ^ "The PayPal mafia - Nov. 14, 2007". Retrieved 2008-01-24.
- ^ "The Association of Private Enterprise Education". Retrieved 2008-01-24.
- ^ "The Mprize-PayPal Founder pledges $3.5 Million to antiaging research". Retrieved 2008-01-24.
- ^ "Introducing The Seasteading Institute". Retrieved 2008-04-16.
- ^ "Endorsements » Blog Archive » Peter Thiel". Retrieved 2008-01-24.
Further reading
- Drobny, Steven (2006). Inside the House of Money. The Dot-Commer: Wiley. ISBN 0-471-79447-3.
External links
- Virtual Money on ITConversations.com - November 2004
- Peter Thiel - Friend of Liberty from the Advocates for Self-Government website
- Peter Thiel's LinkedIn profile
- With friends like these... Article from the Guardian newspaper profiling Thiel and other investors in Facebook
- Peter Thiel profile on Accelerating Future video, audio and gallery
- The Optimistic Thought Experiment essay by Peter Thiel published in Policy Review