Iconoclastic investor Peter Thiel says Twitter is horribly mismanaged because there's "probably a lot of pot-smoking" there.
Investor and entrepreneur tells the CBS news magazine that a college degree is unnecessary for financial success, but critics call his program an elitist ploy.
The peer-to-peer online currency exchange, which seeks to use the Internet to make it easier to transfer funds among currencies, has transferred more than $195 million since its founding in 2011.
The latest group of "20 Under 20" Thiel Fellows includes a junior at Harvard who's leaving to work on education software. Other projects: a desktop fabricator for electronics and a telepresence device.
This would be Founders Fund fourth fund, coming amid during a brutal time for venture capital.
An early Facebook investor and a co-founder of PayPal, Thiel would join Andreessen Horowitz and Sequoia Capital in giving Airbnb a $2.5 billion valuation, the Wall Street Journal reported.
Social-networking giant's first big outside investor has sold off the bulk of his holdings.
The two Silicon Valley kings met on a stage in Aspen and managed to disagree on everything.
PayPal co-founder Peter Thiel says it makes sense for eBay to split from the online payments service. Now, PayPal will need to focus on making its product more competitive in a mobile world.
PayPal co-founder Peter Thiel launches a San Francisco-based venture capital firm seeking to take the road less traveled -- in other words, no cloud, no social.