The first billion businessman Peter Thiel earned on Facebook. Thanks to his amazing ability to predict success, the entrepreneur has earned the title of legendary investor.
According to Forbes magazine, there has been a clear rejuvenation of global business. In the ratings of the richest people, there are more and more new stars who have received the most prestigious fortunes in the shortest time, starting from scratch. Thanks to incredibly successful Internet projects, billions have become possible to make out of thin air. A significant role in the amazing take-off is played by modern business angels, that is, venture investors. These figures include Peter Thiel.
Road to dream
The famous businessman was born in 1967 in Germany, on October 11. He visited many cities with his parents, changed many schools. The family decided to settle in America. Peter was educated at Stanford University. He graduated from Til in 1989, having received a profession in "Philosophy of Art" with a bachelor's degree. In 1992, he became a doctor of law.
Always a young man was distinguished by amazing determination. The maximum result he needed in any activity. Starting to play chess, Peter as a teenager became the owner of a national level. Having decided to take up jurisprudence, he entered the relevant office of New York as an assistant judge. Peter quickly figured out his mood, realizing that he was not interested in being a lawyer.
After working as a trader in the financial markets, Thiel headed for Silicon Valley, California. The first investment was unsuccessful. Together with Max Levchin 1998, the businessman began to promote the electronic payment system by organizing Confinity. He created the high-tech PayPal based on IT technology.
Very soon, entrepreneurs accepted the ranks of Ilon Mask. With the newly formed company, he connected his own "X.com". Musk soon left the case, but forever remained a member of the PayPal Mafia. The name was assigned to a successful team, whose projects have significantly affected the entire virtual world as a whole.
The history of achievements in venture capital investment began with the sale of PayPal in 2002. The businessman began and developed many successful investment projects. Three important qualities helped this. The first was the installation that the grandeur of financial success is always in the realm of the unknown. Next was a highly professional intuition for strategic vision. Finally, it was not without personal involvement in the success of the project.
Venture capital funds, an investment fund for financing Mithril companies at the stages of late development, were founded by Tile. One of the most successful enterprises is Facebook.
Successful investments
Zuckerberg was looking for financing from the most famous investors. However, Peter Thiel was able to provide him with help. Another project was the company Palantir Technologies. After Facebook, the businessman became a billionaire. The only startup blocked the nine not very successful projects on profitability. Til is sure that an entrepreneur who wants to achieve everything must do something unfamiliar and unusual for himself. He confirms this by his own example.
The businessman is very controversial. He gives lectures to students. Along with this, Til calls higher education unnecessary and calls for dropout in favor of business. The investor is very tough and professional. However, he finances projects just crazy from the point of view of others.
He is a fan of Tolkien's work. Inspired by the magical world of the writer, the names of many entrepreneurial companies. "Palantir" became the second most profitable after Facebook. In his lectures, Peter argued that the success of a company can only be vertical. He demonstrated this with his book "From zero to one. How to create a startup that will change the future." Its main idea is not to follow fashion trends, but an uncharted dream.
Thiel's main interest in work is in the social freedom of the individual. Because the entrepreneur supports research recognized by many scientists as fantastic.
In 2011, a scholarship program was launched for start-up entrepreneurs who are ready to quit education to become capital. Young talents receive grants of one hundred thousand and create startups, which then bring millions. The first Thiel Fellows project is known. The participant of the first set became the author of the profitable Hello project.
