Peter Thiel: Silicon Valley Outcast Turned Trump Insider | Fox Business

Peter Thiel

Peter Thiel is an entrepreneur’s entrepreneur. He’s a risk taker’s risk taker. But he doesn’t make high-risk bets and back unpopular causes for the reasons you might think. He’s not a contrarian for the sake of being one. He’s certainly not a thrill-seeker. He bets on a longshot when believes in the cause and he believes it’ll pay off. That’s his formula.

Thiel understands that there is no wisdom in crowds and nobody wins big by doing what everyone else is doing. “Thinking about how disturbingly herdlike people become in so many different contexts,” he once said, “As an investor-entrepreneur, I’ve always tried to be contrarian, to go against the crowd, to identify opportunities in places where people are not looking.”

Now a trusted advisor to the President-elect, the German born prodigy who immigrated to America with his parents as a young boy sat just to the left of Trump at a summit between his incoming administration and a dozen or so of tech’s most powerful executives, an event that Thiel played a key role in orchestrating.

Trump began the meeting by thanking his Silicon Valley surrogate – not just for putting so much on the line on behalf of the campaign, but for his extraordinary ability to see what others can’t.

“I want to start by thanking Peter because he saw something very early, maybe before we saw it and of course he’s known for that in a different way, but he’s been so terrific and so outstanding,” Trump said. “He’s ahead of the curve, and I want to thank you, man. You’re a very special guy.”

via Peter Thiel: Silicon Valley Outcast Turned Trump Insider | Fox Business.

Compare Peter Thiel to Mark Zuckerberg:

The Pirate Bay cofounder on Facebook: ‘From a democracy standpoint, Mark Zuckerberg is a dictator’ | VentureBeat | Social | by Emil Protalinski

Mark Zuckerberg

The Pirate Bay cofounder Peter Sunde is not a fan of Facebook’s online domination. Specifically, he argues CEO and cofounder Mark Zuckerberg has too much power.

“People in the tech industry have a lot of responsibilities but they never really discuss these things. … Facebook is the biggest nation in the world and we have a dictator, if you look at it from a democracy standpoint, Mark Zuckerberg is a dictator. I did not elect him. He sets the rules,” Sunde told CNBC. “And really you can’t opt out of Facebook. I’m not on Facebook but there are a lot of drawbacks in my offline world. No party invitations, no updates from my friends, people stop talking to you, because you’re not on Facebook. So it has real life implications.”

The latest numbers from Facebook show the social network has 1.65 billion monthly active users. This is more people than in all of China, the most populous country on the planet, with some 1.38 billion people.

‘From a democracy standpoint, Mark Zuckerberg is a dictator’