His first major foray into technology came in 1999 when he co-founded PayPal with Elon Musk, Max Levchin, Luke Nosek and Ken Howery. He served as its chief executive officer until its sale to eBay in 2002 for $1.5 billion, making instant millionaires of the company's co-founders and early employees. He went on to launch Palantir Technologies, a secretive analytical software company; Founders Fund, a prominent venture capital firm; and the Thiel Fellowship, which every year awards $100,000 to 20 people under the age of 20 to drop out of college and build their own business.
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