Investing in Tech: Peter Thiel's Vision for a Trillion Dollar Company

And then I'll tell you, you might not have heard this story but there was a story around when I started investing a little after I started but must probably was around 2015 or so. VCs have their LP meetings where they bring their own investors together. They have different names. And Peter Thiel who founded Founders Fund got up and apparently said this might be slightly apocryphal but I think like Adam's Dropbox story, it's probably 80% true. And he got up and said our goal is a hundred billion dollar company per fund. Per fund. And jaws dropped in the venture community. But he had been the first investor in Facebook which is worth over a trillion. He had co founded Palantir which is now worth. It wasn't worth a hundred billion then but it's worth at the edge of a hundred billion at this point was tech is so big that we can productize every year there should be a hundred billion dollar company and that's our job and nothing else matters. And it sounded crazy in 2015. It sounded pressy. And Peter obviously is a controversial guy, but I don't think anyone says he's not smart. So he was probably eight or ten years.