Peter Thiel Quotes
The developing world can just do things that are extensive or horizontal, that basically copy. The developed world needs to do things that are intensive or vertical, where we take our civilization to the next level.
Thiel, Peter. "Class 1: The Challenge of the Future." CS183: Startup, notes compiled by Blake Masters, Stanford University, 2012.
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.