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