Peter Thiel and you may Elon Musk has recognized both for many years, all the way back once again to when they mutual the particular online banking institutions, Paypal and you may X, within the 2002.
Since that time, their relationship have viewed lots of pros and cons as well as their networths have become because of the vast amounts of bucks. In the the brand new publication, “The fresh Contrarian: Peter Thiel and you will Silicone polymer Valley’s Pursuit of Electricity,” Max Chafkin takes a closer look during the challenging reputation for the two men, that happen to be with techniques polar opposites.
step 1. A source whom talked to both boys asserted that Musk thinks Thiel is “a good sociopath,” and you will Thiel considers Musk “a fraud.”
Musk and Thiel, whenever you are longtime collaborators, try sooner or later opposites: Musk is known as an outgoing, peculiar risk-taker, and you will Thiel is called a cautious introvert.
“Whereas Thiel could well be comically secretive, also certainly best friends, Musk was incapable of censoring himself,” published Chafkin. “While Thiel had a tendency to thought regarding limiting exposure, Musk is perpetually opting for broke.”
dos. Musk damaged their $1 million McLaren that have Thiel on traveler seat.
Following the latest PayPal-X merger, Musk and you can Thiel was indeed on the cure for an ending up in traders whenever Musk totaled the automobile when you are trying to flaunt its speed, “delivering brand new McLaren traveling with the heavens.” Thiel wasn’t pleased, viewing his providers spouse since the “irresponsible.”
“The action shook Thiel,” published Chafkin, “just who found look for Musk due to the fact reckless; Musk noticed Thiel because the a loans man who cared on the tech generally as a means to profit.”
3. PayPal and you will X, Elon Musk’s very own online banking platform, merged in the 2000 as the Thiel is actually “scared out of losing the company.”
Because the PayPal got high losses within its early age, Musk stepped from inside the. He would stuck snap that his competition can make a deal with Bing and you can didn’t need X to-be pressed out – thus, he sure Thiel to combine the two businesses.
However, if you’re Musk might be Ceo, Thiel smartly placed dedicated confidantes (members of his so-titled “Paypal Mafia”) regarding the most readily useful positions.
4. Thiel and his allies conspired and you may overthrew Musk due to the fact PayPal Ceo as he is to the his honeymoon.
When you’re Musk along with his wife leftover on the a-two-week vacation, Thiel loyalists – sick of what they watched because the an eternal a number of catastrophes because of Musk’s unsuccessful frontrunners – endangered to get rid of when your board did not invest in create Thiel President.
5. The 2 billionaires for each invested all the or section of the childhoods from inside the South Africa in advance of getting on Stanford College.
Just before they grabbed more Silicone Valley, the two people originated in equivalent root. Musk grew up in South Africa and you can lived truth be told there until college or university, and Thiel’s loved ones moved around for a few ages as he try a kid.
Musk originally structured into taking a great PhD inside physics on Stanford, “however, fell out over start Zip2, a corporate index online you to definitely functioned because the an internet type of the brand new Telephone directory.” At the same time, Thiel read legislation, fantasizing out-of a great Judge clerkship – but was ultimately denied just after interview with Anthony Kennedy and you can Antonin Scalia.
six. Musk asserted that Thiel refused to buy Tesla partially as out of his doubt about environment alter.
When Musk was making an application for his electric auto providers, Tesla Motors – value over $800 million because of the 2020 – up and running, Thiel told you zero so you can paying. “He cannot totally buy into the climate change point,” said Musk.
7. Thiel was instrumental for the SpaceX’s success.
Regardless of if their relationship is into stones following the PayPal coup and you can Tesla financing refusal, Thiel served Musk’s aerospace team – albeit hesitantly – with its initial phases.
His $20 mil capital helped keep match-quizzen the providers afloat shortly after a third botched skyrocket launch when you look at the 2008. One month afterwards, SpaceX reached orbit.