The Contrarian. Peter Thiel and Silicon Valley’s Pursuit of Power: horribly fascinating

Peter Thiel in Beijing, 2015. Photograph: Visual China Group via Getty

In July 1999 I was visiting Silicon Valley when a public relations friend rang. He had a little story for me, he said. He was working with a small tech start-up called Confinity. It was launching a new service that would enable people to transfer money to each other digitally, using the infrared port built into Palm Pilots, the hot Valley handheld device of the moment.

Confinity had just staged a launch stunt at which Nokia Ventures beamed $3 million in venture funding into the Palm Pilot of Confinity’s chief executive – just the sort of geeky-wacky story hook that might interest readers of wired.com, which I occasionally wrote for, and The Irish Times. He set up an interview with the chief executive. The new money transfer service was called PayPal.

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