Coaching

Peter Thiel: successful businesses are based on secrets

0-4

Speaking with Wired magazine editor David Rowan in London at an event on 25 September, Thiel said that “uniqueness”, “secrets”, and a monopoly on the marketplace were the key to successful startups.

Peter Thiel is an American businessman and entrepreneur widely known as co-founder (with Max Levchin) and former CEO of PayPal.

From San Mateo, California, Thiel is an avowed Libertarian. He studied 20th-century philosophy at Stanford University and continued at the law school. Interestingly, he once proposed that PayPal could be a catalyst for change in world politics.

In 2002, Thiel sold PayPal to eBay for US$1.5 billion. Currently he is the Founder and Managing Member of Clarium Capital Management, LLC, a hedge fund managing over $250 million.


Speakers Website: Peter Thiel, Paypal http://paypal.com

Source: Wired magazine wired.com

About the author

norbertomoreau

Norberto Moreau is co-owner of the group Allied Management Ltd (Hong Kong, London, Valencia). The group and his associates have activities in Yachting, Properties and IT.