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Tech Thread

zeke said:
Either have to be a sociopath or deeply neurotic or both to climb over what's necessary to become that rich.
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he bought FB (now META) for half a penny a share...that'll do it!

Being extremely lucky and being in the right place/right time in the tech world minted a lot of billionaires. Thiel invested heavily and early in Zuck, Elon and Hoffman (Linkedin)

I always thought Thiel was smart. His book Zero to One is very good. He's also pretty forthright about making a ton of mistakes in his investing career. Humility is rare in his circles.

BUT this interview with Rogan is unwatchable. I maybe watched about 12 mins, fast forwarding to parts I thought might be good... no such luck. Thiel sounded like he was muddling through from one Rogan conspiracy to another. I'm not even sure why he did the interview? He wasn't even selling anything like Trump or Bitcoin or whatever.

He comes across much smarter here...the topic is Political Theology...pretty academic stuff tho


View: https://www.youtube.com/watch?v=vfbndRTlsg4&t=1449s
 
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clearly a pretty smart guy just to earn this blurb in wiki:

"After graduating from Stanford Law School, Thiel clerked for Judge James Larry Edmondson of the United States Court of Appeals for the 11th Circuit.[32] Thiel then worked as a securities lawyer for Sullivan & Cromwell in New York. He left the law firm in under a year.[33] He then took a job as a derivatives trader in currency options at Credit Suisse in 1993 while also working as a speechwriter for former United States Secretary of Education William Bennett. Thiel returned to California in 1996.[34]"


but he was rich long before facebook no? and unlike musk, thiel actually helped brainstorm and found paypal.
 
zeke said:
but he was rich long before facebook no? and unlike musk, thiel actually helped brainstorm and found paypal.
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His stake in PayPal was bought out by eBay for $55M. Once you have that kind of scratch and know Silicon Valley as well as anyone, it'd be very hard not to become a billionaire.
 
MindzEye said:
Dunno, I'm not convinced that if he tried to sell off a part of spaceX that institutional money wouldn't line up to massively overpay for a piece.
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I guess it's possible, but they would be looking for an ironclad deal that is favourable to them, and it would likely take weeks to do their due diligence. These are generally smart people who know how to make money, and don't enjoy losing money. Also, fool me once or twice and won't get fooled again, etc.
 
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