Peter Andreas Thiel
(; born October 11, 1967) is a German-born American entrepreneur, venture capitalist, and hedge fund manager. Thiel co-founded PayPal with Max Levchin and served as its CEO. He currently serves as president of Clarium Capital, a global macro hedge fund with under $700Â million in assets under management; a managing partner in Founders Fund, a $275Â million venture capital fund that he launched with Ken Howery and Luke Nosek inÂ 2005; and co-founder and investment committee chair of Mithril Capital Management. He was the first outside investor in Facebook, the popular social-networking site, with a 10.2% stake acquired in 2004 for $500,000, and sits on the company's board of directors. Thiel was ranked #293 on the ForbesÂ 400 in 2011, with a net worth of $1.5Â billion as of MarchÂ 2012. Thiel lives in San Francisco, California.
Born to German parents in Frankfurt am Main, West Germany, Thiel moved to the United States with his parents when he was a toddler, and was raised in Foster City, California. Thiel was a US-rated Chess Master and one of the highest ranked under-21 players in the country.
College and law school
Thiel studied 20th-century philosophy as an undergraduate at Stanford University. He received his B.A. in Philosophy from Stanford inÂ 1989 and acquired a J.D. from Stanford Law School inÂ 1992.
An avowed libertarian, he founded The Stanford Review in 1987 along with Norman Book. The Stanford Review became famous for challenging campus mores including political correctness and laws against hate speech. The Stanford Review is now the university's main conservative/libertarian newspaper.
Thiel formed friendships with other students at Stanford, many of whom contributed to the Stanford Review. These include Keith Rabois, David O. Sacks, and Reid Hoffman. Some of these friends later took up jobs at PayPal (co-founded by Thiel) and became part of the [Mafia].
While studying at Stanford, Thiel also encountered RenÃ© Girard, whose mimetic theory influenced him.
Thiel clerked for Judge J.L. Edmondson of the United States Court of Appeals for the 11thÂ Circuit.Citation needed|date=January 2011 From 1993 to 1996, he traded derivatives for Credit Suisse Group. He founded Thiel Capital Management, a multistrategy fund, in 1996.
Source @ Wikipedia
In 1998 Thiel co-founded PayPal, an online payments system, with Max Levchin. The company later merged with X.com, then headed by Elon Musk. PayPal went public on FebruaryÂ 15,Â 2002, and was sold to eBay for $1.5Â billion later that year.Cite web|title=eBay picks up PayPal for $1.5Â billion by Margaret Kane|CNET News.com|accessdate=2008-01-24|url= Monday, eBay said it is acquiring onli