Skip to main content

Posts

Showing posts from February, 2019

Book Review : Zero to One by Peter Thiel

Introduction Zero to One is a  condensed and updated version of a highly popular set of online notes taken by Masters for the CS183 class on startups taught by Thiel at  Stanford University  in Spring 2012 [Source: Wikipedia ] . In short, it's about creating value in the world. Business Background of the Author Peter Thiel was the founder of Confinity, a company making electronic payment systems which merged with Elon Musk's " X.com", a similar venture to create what we now know as Paypal, which is now a $40 billion company with one share worth $ 80. He owned a 3.7 per cent stake at Paypal. Not long after eBay ... the online retail giant, made an acquisition offer to Paypal valuing the entire company at $1 billion. After taxes and financial customs, Peter Thiel netted $55 Million, making him filthy rich. He started a hedge fund and private equity firm named Clarium funds and made an angel investment in Facebook, which made him $1.2 Billion dollars. He...