Brief

Technology & Finance

Detailed Information

简介 (中文)

He is the godfather of Silicon Valley investment, a billionaire, a chess master, a practicing lawyer at top law firms in New York, and the founder of two Silicon Valley technology companies. He is a star venture capitalist, hedge fund manager, derivatives trader, co author of best-selling books ranging from 0 to 1, teacher at Stanford Business School, public speaker, and Silicon Valley thinker. At the age of 6, Thiel began playing chess, and at the age of 12, he ranked 7th in the Under 13 category in the United States. He continued to participate in international chess tournaments until his thirties, and still plays lightning fast games online every 5 minutes to this day. The life motto stuck on his chess set is born to win. He is also very good at mathematics, and when he was attending a public school in San Mateo, he ranked first in a math exam across California. A middle-class family gave him an elite education, and he has always been a top student. In high school, a friend sent him a note that said, 'You will definitely be admitted to Stanford.'. Sure enough, he went to Stanford for his undergraduate degree and then obtained a Juris Doctor's degree from Stanford Law School. After graduation, he entered a top law firm in New York and had a life that many people envied. But in that large law firm in New York, he encountered the law of siege because it was a place where everyone outside wanted to come in and everyone inside wanted to escape. In early 1996, Thiel made a significant change and left New York to come to Menlo Park. He raised $1 million from family and friends to start his own hedge fund Thiel Capital. It wasn't until 1998 that Peter Thiel and his partner founded the electronic payment company Infinity, realizing the enormous value that most people overlook in electronic currency. In 1999, the company transformed and released PayPal, providing electronic transfer services built on top of the US banking system. In 2000, Elon Musk founded XCom, which was also engaged in electronic payments, next to PayPal. However, at that time, competition between the two sides gradually intensified, and Peter Thiel's engineers even had to design a bomb to blow up Musk's company. Fortunately, Peter Thiel discovered and promptly stopped it. Peter Thiel rationally realized that blind competition could be harmful to both sides. He took an unusual path and decided to set up a company with Musk at a ratio of 5050. In fact, thanks to Peter Till's foresight, the combined PayPal successfully survived the Internet foam in 2000. In 2002, PayPal was acquired by eBay, and Pettier cashed out $55 million and renamed Thiel Capital Clarium Capital Management, entering the hedge fund industry. Peter Thiel and his colleagues practice discovering truths that others have not discovered, not following the usual path, and practicing the concept of reverse investment. When others are selling, they buy Japanese government bonds, but when others are looking down on the energy industry, they buy in large quantities. In the summer of 2008, Clarium's assets exceeded $7 billion, increasing sevenfold within six years. He is also investing in industry names

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