Author, Investor, Speaker, Mentor
Nearly two years ago, I asked the question, “Did Peter Thiel Make The Single Best Investment In History?“ Today, now that Thiel has sold most of his remaining stake in Facebook, it’s a good time to re-examine the math surrounding his investment. Two years ago, I wrote: In 2005, Peter Thiel paid $500,000 for a … Continue reading Facebook, Part Deux
In 2005, Peter Thiel paid $500,000 for a 10% stake in Facebook. Today, with Facebook’s estimated value topping $33 billion, his stake is worth between $2-3 billion. That’s a 6,000x return on his capital in 5 years. I’ll put it this way–if you made a $250 IRA contribution in 2005, it would have to be … Continue reading Did Peter Thiel Make The Single Best Investment In History?