Peter Thiel
American businessman, venture capitalist, and former software engineer.
via Wikipedia: Marc Andreessen · see source
Peter Andreas Thiel (born 11 October 1967) is a German-American entrepreneur, venture capitalist, and conservative political activist. He co-founded PayPal in 1998 with Max Levchin and Luke Nosek, serving as its chief executive officer until its $1.5 billion sale to eBay in 2002. Thiel also co-founded the big data analysis company Palantir Technologies in 2003, where he has remained chairman, and the venture capital firm Founders Fund in 2005 with former PayPal partners. In August 2004, he became the first outside investor in Facebook, acquiring a 10.2% stake for $500,000. He later co-founded Valar Ventures in 2010, founded Thiel Capital in 2011, and co-founded Mithril Capital in 2012. From 2015 to 2017, he was a part-time partner at Y Combinator. As of August 2026, Forbes estimated his net worth at $32 billion.
Born in Frankfurt, Germany, Thiel moved to the United States as an infant, living in Cleveland, Ohio, before his family relocated to South African-occupied Namibia in 1971. They returned to the U.S. in 1977, settling in Foster City, California. His father’s work in mining led to an itinerant childhood; Thiel changed elementary schools seven times and attended a German-language school in Swakopmund that employed corporal punishment, an experience he said fostered his libertarian views. He excelled in mathematics, winning a statewide competition, and was valedictorian at San Mateo High School in 1985. At Stanford University, he co-founded the conservative and libertarian newspaper *The Stanford Review* in 1987, serving as its first editor-in-chief until 1989. He earned a Juris Doctor from Stanford Law School in 1992, then clerked for a federal judge before working as a securities lawyer, speechwriter, and derivatives trader at Credit Suisse. Thiel founded Thiel Capital Management in 1996 and later established Clarium Capital, a global macro hedge fund. He was granted New Zealand citizenship in 2011, a fact that became controversial when revealed in 2017. Through the Thiel Foundation, he oversees the Breakout Labs and Thiel Fellowship grant-making bodies. Thiel has been characterized as a conservative libertarian and democracy-skeptic authoritarian, donating substantially to right-wing figures and causes, and is often described as a key intellectual architect of Silicon Valley’s contemporary ethos.
- field
- Entrepreneurship, venture capital, political activism
- nationality
- American
- known_for
- Co-author of Mosaic; co-founder of Netscape; co-founder and general partner of A
Verified Timeline
Lore & Background
Andreessen was born in Cedar Falls, Iowa, and raised in New Lisbon, Wisconsin, which he considered 'the sticks.' He is the son of Patricia, a customer service operator at Lands' End, and Lowell Andreessen, a sales manager for Pioneer Hi-Bred International. He has a younger brother named Jeff. Andreessen has stated that he had problematic relationships with his parents and brother, and that he did not like to talk about them. He discovered programming at age 12. In December 1993, he received his bachelor's degree in computer science from the University of Illinois at Urbana–Champaign (UIUC). As an undergraduate, he interned twice at IBM in Austin, Texas, working in the AIX graphics software development group. He also worked as a programmer, earning $6.85 per hour (equivalent of $15.49/hr in 2026), at the National Center for Supercomputing Applications (NCSA). After being shown the graphic web browser ViolaWWW in late 1992, Andreessen and full-time salaried co-worker Eric Bina worked on creating a browser with integrated graphics that could be ported to a wide range of computers, including Windows. The result was the Mosaic web browser released in 1993, which led to a 342,000 percent increase in web traffic in a year. Before Mosaic, there had only been 50 websites on the Web; the number now increased to 10,000, while the percentage of internet users who surfed the Web increased from 1% to 25%. The NCSA refused to give the Mosaic team credit for their contribution, so Andreessen, disillusioned, decided to leave the center in 1994.
Reader's Guide
After graduating in 1993, Andreessen moved to California to work at Enterprise Integration Technologies. He then met Jim Clark, founder of Silicon Graphics, who believed the Mosaic browser had great commercial possibilities. Soon, Mosaic Communications Corporation was in business in Mountain View, California, with Andreessen as co-founder and vice president of technology. The University of Illinois was unhappy with the company's use of the Mosaic name, so it changed its name to Netscape Communications, and its flagship browser was named Netscape Navigator. Netscape was the first successful commercial web browser (offered for free). Netscape's IPO in 1995 put Andreessen in the public eye. He was on the cover of Time and other publications. Netscape was acquired in 1999 for $4.3 billion by AOL. Andreessen's hiring as its chief technical officer was contingent on the completion of the acquisition. The same year, he was named to the MIT Technology Review TR100 as one of the top 100 innovators in the world under the age of 35. After AOL acquired Netscape, Andreessen founded Opsware with Ben Horowitz, Tim Howes, and In Sik Rhee. Originally named Loudcloud, the company provided computing, hosting and software services. Loudcloud sold its hosting business to EDS and changed its name to Opsware in 2003, with Andreessen serving as chairman. It was acquired by Hewlett-Packard for $1.6 billion in 2007. On July 6, 2009, Andreessen and Horowitz announced their venture-capital firm Andreessen Horowitz, beginning with an initial capitalization of $300 million. Within three years the firm grew to $2.7 billion under management across three funds. In 2012, its portfolio included Facebook, Foursquare, GitHub, Pinterest, Twitter and Honor Technology. In 2021, Business Insider noted successful IPOs including Okta, Inc., PagerDuty, Pinterest, Accolade, Slack Technologies, Lyft, DigitalOcean and Coinbase. Both Andreessen and the firm have an interest in cryptocurrency. In 2021, the firm launched a $2.2 billion crypto-focused fund, followed by a 2022 $4.5 billion fund dedicated to crypto and blockchain. In 2023, the firm launched the American Dynamism fund, focusing on hard tech sectors serving national interest, including space, defense, manufacturing, robotics. In 2024, Andreessen Horowitz launched the 12-month American Dynamism Engineering Fellows Program. On September 1, 2009, an investor group including Andreessen Horowitz acquired a majority stake in Skype at a valuation of $2.75 billion. The deal paid off in May 2011 when Microsoft bought Skype for $8.5 billion. Andreessen joined the eBay board of directors in 2008 and served for six years. In October 2014, he resigned due to the company's decision to break off PayPal. In July 2025, Andreessen Horowitz led the largest seed round in history for AI startup Thinking Machines Lab, raising a record $2 billion, valuing the firm at $12 billion. Andreessen cofounded and chaired Ning, the third company he established, after Netscape and Loudcloud. In September 2011, Ning was sold to Mode Media for a reported price of $150 million.
Did You Know?
- Andreessen discovered programming at age 12.
- He earned $6.85 per hour (equivalent of $15.49/hr in 2026) as a programmer at NCSA.
- Mosaic led to a 342,000 percent increase in web traffic in a year.
- Before Mosaic, there were only 50 websites on the Web; after, the number increased to 10,000.
- In July 2025, Andreessen Horowitz led the largest seed round in history for AI startup Thinking Machines Lab, raising $2 billion.
Frequently Asked Questions
What companies did Peter Thiel co-found?
Thiel co-founded PayPal, Palantir Technologies, and Founders Fund. He also made history by becoming the first outside investor in Facebook.
What is Peter Thiel's role in politics?
Beyond his business career, Thiel is a prominent conservative political activist who has donated heavily to Republican candidates and causes. He is widely noted for blending Silicon Valley influence with right-leaning political engagement.
Why is Peter Thiel important in the tech world?
He helped shape the modern venture capital landscape through Founders Fund and backed transformative companies like PayPal and Palantir. His early bet on Facebook also demonstrated a keen ability to identify breakout platforms before they dominated the market.
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