Billionaire Peter Thiel: He invests in a new generation of Trumpists

EAt the end of 2020, Peter Thiel saw the time to expand his portfolio. The investor no longer just gambled with innovative technologies, but put his money on something else: a new generation of Trumpists. Thiel follows the rules that he has set himself. He identifies growth markets and disruptive business models. Only the magnitude has changed. It’s no longer just about dominating the market, but about power in the Republican Party. Thiel wants what Donald Trump has been denied: he wants to change America’s political course in the long term.

“In a way, companies are like states,” writes Thiel in his start-up bible “Zero to one”, which will be discussed later. Wrong decisions are difficult to correct, possibly only after a crisis or bankruptcy. The most important thing for every founder is which partners they choose. Thiel has a knack for it. In 1999, during the dot-com boom, he founded the online payment service Paypal – with people who are now known in Silicon Valley as the “Paypal Mafia”: among them Elon Musk, who later founded Space X and Tesla; the head behind Linked-In was also one of them, as were the three YouTube founders.