Peter Thiel Quotes


I think that markets classically fail in cases where there are public goods that provide benefits that people cannot capture. The big debate is how big these public goods are, where they exist, things of that sort.


Citations

Thiel, Peter. "Peter Thiel on Stagnation, Innovation, and What Not to Do." Conversations with Tyler, Mercatus Center, 11 Mar. 2015.

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Peter Thiel
Peter Thiel
  • Born: October 11, 1967
  • Nationality: American
  • Profession: Businessman, Entrepreneur, Investor

Peter Andreas Thiel is a German-American billionaire entrepreneur and venture capitalist. A co-founder of PayPal, Palantir Technologies, and Founders Fund, he was the first outside investor in Facebook. He was ranked No. 4 on the Forbes Midas List of 2014, with a net worth of $2.2 billion, and No. 391 on the Forbes 400 in 2020, with a net worth of $2.1 billion. In 2016, Thiel confirmed that he had funded Hulk Hogan in the Bollea v. Gawker lawsuit because Gawker had previously outed him as gay. The lawsuit eventually bankrupted Gawker.