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What Can We Learn from the Stanford Video

Born in Frankfurthe moved with his family to the United States as an infant.

He spent a portion of his upbringing in Southern Africa before the family settled in California in He studied philosophy at Stanford Universitygraduating with a B. He then earned his J.

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He founded Thiel Capital Management in Inhe launched Palantir Technologiesa big data analysis company, and served as its chairman through Earlier, Thiel became Facebook 's first outside investor when he acquired a He co-founded Valar Ventures in ; co-founded Mithril Capital, serving as investment committee chair, in ; and served as a partner at Y Combinator from to Through the Thiel FoundationThiel governs the grant-making bodies Breakout Labs and Thiel Fellowshipand funds nonprofit research into artificial intelligencelife extension and seasteading.

A co-founder of The Stanford ReviewWhat Can We Learn from the Stanford is a conservative libertarian who is critical of high government spending, high debt levels, and foreign wars. He also maintains a political action committeeFree Forever. InThiel revealed that he had funded Hulk Hogan in the Bollea v. Gawker lawsuit, which led to the bankruptcy of Gawker.

Thr then worked for various mining companies, creating an itinerant upbringing for Thiel and his younger brother, Patrick Michael Thiel. Peter changed elementary schools seven times. He attended a strict establishment in Swakopmund that required students to wear uniforms and utilized corporal punishmentsuch as striking students' hands with a ruler.

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This experience instilled a distaste for uniformity and regimentation later reflected in his support for individualism and libertarianism. Heinlein among his favorite authors, and a fan of J.

Tolkien 's works, stating as an adult that he had read The Lord of the Rings over ten times. Thiel excelled in mathematicsand scored first in a California-wide mathematics competition while attending Bowditch Middle School in Foster City. He studied philosophy at Stanford University. During that time, debates on identity politics and political correctness were ongoing.

A " Western Culture " program, which was criticized by The Rainbow Agenda because of a perceived over-representation of the achievements of European men, was replaced with a "Culture, Ideas and Values" course, which instead pushed diversity and multiculturalism.

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This replacement provoked controversy on the campus, and led to Thiel's founding The Stanford Reviewa conservative and libertarian newspaper, inwith funding from Irving Kristol. Girard notes the productive potential of competition: "It is because of this unprecedented capacity to promote competition within limits Lrarn always remain socially, if not individually, ghe that we have all the amazing achievements of the modern world," but states that competition stifles progress once it becomes an end in itself: "rivals are more apt to forget about whatever objects are the cause of the rivalry and instead become more fascinated with one another.

He left the law firm after seven months and three days, citing a lack of transcendental value in check this out work. He joined them in while also operating as a speechwriter for former- United States Secretary of Education William Bennettbefore returning to California in to seek a more meaningful occupation.

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Upon returning to the Bay AreaThiel noticed that the development of the internet and personal computer had launched the dot-com boom. However, his luck changed when Nosek's friend Max Levchin introduced him to his cryptography -related company idea, which later became their first venture called Confinity in With Confinity, Thiel realized they could develop software to bridge a gap in making online payments. Although the use of credit cards and expanding automated teller machine networks provided consumers with more payment options, not all merchants had the necessary hardware to accept credit cards. Thus, consumers had to pay with exact cash or frmo. Thiel wanted to create a type of digital wallet for consumer convenience and security Learrn encrypting data on digital devices, and in Confinity launched PayPal. PayPal promised to open up new possibilities for handling money.

Thiel viewed PayPal's mission as liberating people from the erosion of the value of their currencies due to inflation.]