Peter Thiel is a managing partner at Founders Fund, a venture capital fund with $2 billion in assets under management. He co-founded PayPal with Max Levchin and Elon Musk. He served as its CEO until it was sold to eBay in February 2002 for $1.5 billion. Thiel also co-founded Palantir, a computer software and services company specializing in data analysis. Thiel was one of the first outside investors in Facebook, with a 10.2 percent stake acquired in 2004; he also sits on the company’s board of directors. In 2010, Thiel created a fellowship, known as the Thiel Fellowship, which awards $100,000 to 20 people under 20 years old in order to encourage them to pursue innovative ventures.