![]() ![]() Peter Thiel has gone on to be a billionaire venture capitalist who was one of the earliest investors in Facebook, heads up a highly secretive data analytics company called Palantir, which is backed by the CIA, and is well known for trying to find a cure for ageing. The company has spawned three billionaires, many millionaires and a number of generation-defining companies.Īlongside Musk in the early days of PayPal was Peter Thiel and Max Levchin. You’ve almost certainly heard of PayPal but you might not be aware of just how influential the people behind it have become in the world of tech. PayPal Chief Executive Officer Peter Thiel and founder Elon Musk pose with the PayPal logo at corporate headquarters in Palo Alto, California in 2000. Elon’s share of the sale was the pretty tidy sum of $US22 million. The long hours and unorthodox living arrangement paid off handsomely when four years later the brothers sold it to early PC company Compaq for nearly $US300 million. “When my brother and I were starting our first company, instead of getting an apartment, we just rented a small office and we slept on the couch,” Musk said in a 2014 commencement speech for a graduating class at the University of Southern California. Teaming up with his younger brother Kimbal Musk (who is now a restaurateur and agricultural entrepreneur), the pair started a software company called Zip2 that created digital maps and directories for online newspapers. In 1995, Musk quit graduate school at Stanford University to co-found an internet start-up. But despite recent claims he is a fraud, Musk has a long list of achievements that put him on the path to being one of the richest men in tech - and these days, one of the most controversial. Sure Musk has behaved erratically in recent times ( lashing out at critics and cave-diving heroes alike) as questions grow about the viability of his electric car company. The 47-year-old billionaire is the CEO of Tesla and SpaceX but before he became a real life Dr Scorpio, he was responsible for companies that helped shape the early days of the internet. It probably didn’t make him much money, but it wouldn’t be long before the South African born Musk would start a venture that would earn him a serious crust. ![]() It was a space-themed game called Blastar, where the objective was to destroy an alien ship filled with weapons of mass destruction and you can actually play it online. I’m talking about the Elon Musk, of course. © 2023 NYP Holdings, Inc.WHEN he was just 12-years-old he created and sold his very own video game, displaying the first signs of the entrepreneurial streak that now 35 years later has made him one of the world’s most famous capitalists. “I had thoughts of assassination running through my head.” “I was pretty angry at first,” Musk told Isaacson of his PayPal ouster. While Musk was traveling in Australia on a long-delayed honeymoon with his first wife, Justine, Thiel and Levchin engineered his ouster as CEO by enlisting the support of Hoffman, who would eventually go on to found LinkedIn, and other board members. Musk, who had joined PayPal that same year after merging his electronic payments company, X.com, with PayPal’s parent, Confinity, butted heads with PayPal board members over the company’s branding and strategy - not to mention Musk’s autocratic, high-octane management style. In 2000, Musk was removed from his position as chief executive of PayPal in a “coup” orchestrated by Silicon Valley investor Peter Thiel, co-founder Max Levchin, board member Reid Hoffman, and COO and product leader David Sacks, according to the book “Elon Musk” by Walter Isaacson, which hit shelves this week The “PayPal Mafia” that ousted Elon Musk as CEO of the peer-to-peer payments site also helped save his rocket-launching company SpaceX as it teetered on the brink of bankruptcy, according to a new book. Twitter probed over security lapse before Elon Musk takeoverĮlon Musk’s right to ding media - that doesn’t mean boosting crackpotsĮlon Musk deletes tweets promoting ‘fake news’ reporting on Israel-Gaza war Elon Musk reportedly threatened to ‘burn down’ WB if ex Amber Heard was fired from ‘Aquaman’ ![]()
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