24 Jun '11, 7am

PayPal Co-Founder Peter Thiel On Facebook, Bubbles, And Innovation

PayPal Co-Founder Peter Thiel On Facebook, Bubbles, And Innovation

In this exclusive Caplinked interview with Peter Thiel – co-founder of PayPal and managing partner of Founders Fund – discusses why he invested in Facebook, the differences between Wall Street and Silicon Valley, and why he would not start PayPal today knowing what he now knows. (Disclosure: Thiel is an investor in Caplinked .) Last fall you announced the “20 Under 20” scholarship to encourage talented young people to drop out of college in order to pursue entrepreneurship. It’s been a controversial program. What is it like to sometimes take positions that are attacked by others? How do you stick to your guns in those situations when so many people are lined up against you? While being the first to try something new or to speak out against something popular carries the risk of social embarrassment, over time, what was once controversial eventually becomes obvious. Just as ...

Full article: http://www.youngupstarts.com/2011/06/24/paypal-co-founder...

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