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The libertarian who kicked Elon Musk out of PayPal

The libertarian who kicked Elon Musk out of PayPal

A biography of venture capitalist Peter Thiel argues he may be the most influential figure in the world’s most influential industry, Silicon Valley.

Newly elected Donald Trump at the Trump Tower in New York in 2016 with Facebook executive Sheryl Sandberg, Mike Pence, Peter Thiel and Apple chief executive Tim Cook.  AP

From office space above a stationery shop and a French-themed bakery in California’s Palo Alto, Elon Musk and Peter Thiel built a business that changed commerce.

But it wasn’t the same office. In 1999 there were so many financial-payment start-ups in Silicon Valley that Musk and Thiel were running competitors from the same floor of the same anonymous building.

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Aaron Patrick
Aaron PatrickSenior correspondentAaron Patrick was a senior correspondent at The Australian Financial Review.

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Original URL: https://www.afr.com/work-and-careers/leaders/the-libertarian-who-kicked-elon-musk-out-of-paypal-20210922-p58tse