Peter Thiel invested $500,000 for a 10% ownership stake in Facebook
Justin Fishner-Wolfson · 20VC: Why VCs Should Care More About Cost of Capital and Less About Ownership, Investing Lessons from working with Peter Thiel at Founders Fund, Why Liquidity Aligns Incentives Between Founders and Investors & Why It Is The Last Double That Matters in Ven · Feb 4, 2021 · at 14:26
Justin Fishner-Wolfson, managing partner at 137 Ventures and former colleague of Peter Thiel, cites Thiel's initial Facebook deal to illustrate why strict VC ownership rules are outdated.
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“Peter ended up investing half a million dollars for like, 10% of the company.”
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