You know who Peter Thiel is. He’s the guy in “The Social Network” who cuts Facebook their first real, bona fide investor check for $500,000. Thiel became Facebook’s first investor in 2004, famously handing over the check with the admonition, “Just don’t fuck it up.”
Before investing in Facebook Theil had co-founded PayPal, which he took public in 2002 and which Ebay acquired a year later for $1.5 billion. Thiel’s stake in PayPal at the time of the acquisition was apparently worth $55 million. …..