— Malcolm HarrisThiel moved back to California for good in 1995, the year of the Netscape IPO. It was an exciting time to be a money guy with connections in Palo Alto, and the twenty-nine-year-old persuaded friends and family to give him $1 million to create the simply descriptive Thiel Capital Management.
Replicated under Fair Use from Palo Alto: A History of California, Capitalism, and the World by Malcolm Harris.