Peter Thiel and you may Elon Musk have known each other for many years, right back again to after they combined their particular on line banking companies, Paypal and you may X, in 2002.
Subsequently, the dating have seen a good amount of pros and cons in addition to their networths have grown because of the huge amounts of cash. In his the book, “The newest Contrarian: Peter Thiel and Silicon Valley’s Quest for Electricity,” Max Chafkin takes a closer look during the complicated reputation for the two people, who will be in manners polar opposites.
1. A resource whom spoke to both men asserted that Musk believes Thiel try “a good sociopath,” and Thiel considers Musk “a fraud.”
Musk and you may Thiel, if you’re long time collaborators, try at some point opposites: Musk is recognized as an outgoing, eccentric exposure-taker, and you will Thiel is known as a mindful introvert.
“While Thiel could well be comically enigmatic, actually certainly one of close friends, Musk was struggling to censoring themselves,” authored Chafkin. “While Thiel had a tendency to consider when it comes to limiting risk, Musk was constantly going for bankrupt.”
dos. Musk crashed their $one million McLaren with Thiel on passenger seat.
Soon after this new PayPal-X merger, Musk and Thiel was indeed to their treatment for a meeting with traders whenever Musk totaled the vehicle if you are seeking to show off its acceleration, “delivering the newest McLaren traveling toward sky.” Thiel wasn’t happy, watching their company partner because “irresponsible.”
“The experience shook Thiel,” wrote Chafkin, “which concerned see Musk because irresponsible; Musk spotted Thiel since the a funds boy who cared about technology primarily as a means to profit.”
3. PayPal and you can X, Elon Musk’s very own online banking program, matched when you look at the 2000 once the Thiel is actually “scared of shedding the firm.”
Given that PayPal took extreme losings with its very early decades, Musk moved into the. He would caught breeze one to their competition can make a take on Bing and you may didn’t need X to be pressed away – very, the guy sure Thiel to mix their a couple businesses.
However, while you are Musk might be Ceo, Thiel strategically put faithful confidantes (members of his so-named “Paypal Mafia”) from the better ranking.
cuatro. Thiel along with his partners conspired and you will overthrew Musk as PayPal Ceo as he is on their vacation.
When you are Musk with his girlfriend leftover with the a-two-month trips, Thiel loyalists – sick of whatever they spotted given that an endless directory of disasters caused by Musk’s failed leadership – endangered to prevent in case the panel failed to invest in generate Thiel President.
5. Both billionaires for every single invested most of the or element of the childhoods in South Africa before obtaining at the Stanford College or university.
Before it got over Silicone polymer Valley, the two guys originated similar origins. Musk was born in Southern Africa and you can resided around up until university, and you will Thiel’s family unit members relocated here for a few age when he are a young child.
Musk to antichat start with planned to your providing a good PhD when you look at the physics on Stanford, “but dropped out to start Zip2, a corporate index on the web one to performed since the an online style of new Phone book.” Meanwhile, Thiel learned laws, fantasizing from a supreme Legal clerkship – but try sooner rejected shortly after interview which have Anthony Kennedy and you may Antonin Scalia.
six. Musk asserted that Thiel would not purchase Tesla partly since out-of their doubt on climate change.
When Musk was obtaining their digital vehicles providers, Tesla Cars – worth more than $800 billion by 2020 – off the ground, Thiel told you zero to using. “He doesn’t fully agree with the weather change material,” said Musk.
seven. Thiel is important inside SpaceX’s achievements.
Even though the dating is actually toward stones following the PayPal coup and you can Tesla capital refusal, Thiel supported Musk’s aerospace company – albeit hesitantly – in early stages.
His $20 mil financial support assisted keep the team afloat after a third botched rocket launch within the 2008. One month after, SpaceX attained orbit.