That’s what Silicon Valley billionaire Peter Thiel did in the summer of 2004. Thiel backed Mark Zuckerberg when he was just an arrogant kid who wore flip-flops to business meetings. Peter Thiel built his fortune on one business secret. Thiel founded money disruptor PayPal (PYPL) in the ‘90s. And it achieved this breakthrough years before Apple Pay, Google Pay, or Square got involved in digital finance.

Source: Forbes October 05, 2020 15:00 UTC