Peter Thiel

“Well, Peter can probably thank Reed for helping him become a billionaire, because back in 2004, Reed introduced Peter to a young entrepreneur who just dropped out of Harvard. Peter decided to give that dropout 500,000 dollars in angel money and Of course, you …”

“Peter being such a, sort of, you know, an inveterate contrarian was quite sympathetic to this case, and decided on the spot to make, you know, a fairly material investment of 200,000 dollars.”

“I don't think you could have really predicted it. Obviously, Max was already pretty far along for a 24 year old, so it was obvious, you know, he was gonna be someone interesting in the industry, you know, Peter Thiel, same thing. So, you know, I'd say the top …”

“But Peter being such a, sort of, you know, an inveterate contrarian was quite sympathetic to this case, and decided on the spot to make, you know, a fairly material investment of 200,000 dollars.”

“We ran out of venture capital, kind of the Sandhill Road, classic blue chip venture capitalist community very quickly. I think we were roundly rejected by 100% of those pitches. We drove up and down Sandhill Road and Got absolutely nothing.”

“Peter has this unbelievable ability to sniff market crashes in the air as they approach.”

“I think it was ten million dollars. It was very small.”

“He asked me how much money I thought I needed to get this off the ground. And I said, I think I need about a half a million dollars. It's a great, I'll invest 300,000.”

“Hard is not always valuable. Valuable is typically hard, but the inference doesn't work the other direction all the time.”