Exclusive: Peter Thiel has thrown one swank Trump World fundraiser for Arizona Senate hopeful Blake Masters. Another is planned for later this month
Peter Thiel, Partner, Founders Fund, speaks at the New York Times DealBook conference on November 1, 2018 in New York City.ome May, Peter Thiel plans to leave a post he has held for 18 years: board member of Facebook’s parent company. In the meantime, Thiel is planning a party.
For anyone curious about Thiel’s life after Facebook, it will probably look a lot like these gatherings in south Florida. Thiel, 54, remains very rich , and it is inconceivable that he would totally abandon his sprawl of startup investments, an empire he began building 20 years ago. Those stakes form the basis of his wealth; those dollars are what he’s pumping into Republican politics to emerge as a leading figure in a Trump-centric GOP. But he is very clearly at an inflection point.
In between Thiel Capital and Clarium, Thiel did a startup—something he and cofounder Max Levchin first called Confinity. Today it’s PayPal. “A $20 bill has a velocity of six-in the course of a year, six people will hold that money for an average of two months apiece. In the digital world we'd get new customers every time one of those people passed along the money," he toldin 1999. He and Levchin took PayPal public in February 2002 and sold it to eBay for $1.5 billion eight months later.
“You know, Warren Buffett says board members ought to have three qualifications: they ought to be business savvy, deeply interested in the company and truly independent,” recalls Don Graham, the formerpublisher who also put money in Facebook and served alongside Thiel on the board. “Peter had a huge stake in the company and was passionately involved in trying to make it succeed. I thought Peter was both valuable and smart, and Mark was very, very wise for keeping him there.
“He’s such a deep thinker and strategist. He’s 20 years ahead of most people,” says Darren Blanton, a startup investor and former Steve Bannon aide who has become a major pro-Trump donor and fundraiser. “Peter Thiel is obsessed with bringing America back to being a great state.”o make that happen, Thiel is funding guys like J.D. Vance, who’s running in Ohio for a Senate seat. Vance’s thinking runs closely parallel to Thiel’s.
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