Interview With Peter Thiel, Paypal Co-Founder & Facebook Inc's First Investor

Peter Thiel, the co-founder of Paypal and Palantir, and one of the tech world's most well-known entrepreneurs, was a guest on The James Altucher Show this week.

Thiel discussed a wide range of topics, most notably his role as Facebook Inc FB's first outside investor.

Facebook's First Investor

In late 2004, Thiel already had PayPal and the multi-billion hedge fund Clarium Capital on his résumé when Facebook entered the picture. After an initial $500,000 investment, he held 10.2 percent of the company and a board seat.

Speaking with Altucher, Thiel shared his thoughts on the state of Facebook when he jumped on board:

"It was already scaling pretty fast, they were already at 20 colleges, they had 100,000 people...all they needed was money to buy more computers to get to more users. So, it's generally a rule that when all you need is computers [because you have so much demand], that's a pretty good investment."

Full Podcast

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