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Peter Thiel – Before They Were Billionaires


Peter Thiel is a tech tycoon
philanthropist and was Gawker’s
reckoning you know about PayPal you know
about Facebook but do you know who Peter
Thiel was before he was a billionaire
I’m Gerard heron and this is before
there were billionaires on value taemin
Peter Andre’s Thiel was born in West
Germany on October 11th 1967 when Peter
was one his family migrated to Cleveland
where his father cloths worked as a
chemical engineer before settling in
Foster City California in 1977 the
fields lived in South Africa and also
modern-day Namibia Peter had to change
Elementary School’s seven times one of
Peters elementary schools was incredibly
strict they required students to wear
uniforms and utilize corporal punishment
such as striking the students hands with
a ruler for mistakes this experience is
still the distaste for uniformity and
regimentation later reflected and feels
support for individualism and
libertarianism as an adult feel enjoyed
playing Dungeons and Dragons and was an
avid reader of science fiction with
Isaac Asimov and Robert a Heinlein among
his favorite authors and a fan of JRR
Tolkien’s work stating as an adult that
he had read the Lord of the Rings over
ten times during his childhood he has
since founded six firms Palantir
technologies valor ventures mithril
limbus LLC Rivendell LLC and artic
capital whose names originate directly
from Tolkien’s novels in the late 80s
Peter Thiel studied philosophy at
Stanford University during which time he
founded the Stanford Review a newspaper
that was critical of political
correctness after graduating Stanford
Law in 1992 he published the diversity
myth co-written by David sacks about
alleged political intolerance at the
University fields first big innovative
break was in 1998 when he along with the
help of several others co-founded Cohn
Finity which was designed to handle
payments between Palm Pilots the
following year confited he merged with
XCOM a start-up online bank developed by
this guy right here well you know from
the very first before they were
billionaires PayPal was created with
field 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
in 2002 eBay actually acquired PayPal
for one and a half billion dollars the
transaction made feel a Decca
millionaire and he subsequently invested
in a number of startups notably an
online social networking service called
Facebook during this time Peter Thiel
established the hedge fund clarium
capital management in 2004 field
co-founded Palantir technologies a data
analytics firm critics questioned its
subsequent involvement with the CIA and
other government agencies especially
given Thiel’s outspoken libertarianism
so many young people are excited about
the libertarian ideas that we’ve been
fighting for for so many decades feel
argued that palan tears 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 means in 2005
feel established founders fund a venture
capital firm and invested in such
companies as Airbnb lyft stripe and
SpaceX there’s that guy again in 2007
feels personal life attracted the
attention of far-left pop culture site
Gawker when the blog claimed that he was
a homosexual though feels subsequently
announced that he was in fact gay he
admonished the company for the invasion
of privacy by the way whatever happened
to Gawker
when you live by the brother side
bar value Tanner’s it is never a good
idea to motivate a billionaire to
destroy you
in May 2012 Facebook IPO de with a
market cap of a hundred billion feel
sold 17 million shares of the company
grossing a cool 638 mil from the IPO and
officially entering the billionaire club
not a bad return on a 500k investment
for value tame it I’m Gerard Haren and
this has been before they were
billionaires
pet pet hair and rest til it’s probably
pet turtle
Peter come get your sausages Peter why
are they speaking English in West
Germany Mike why so many questions I have so many questions
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