Mr. Thiel is Clarium’s President and Chairman of the firm’s Investment Committee, which oversees the firm’s research, investment, and trading strategies. Before founding Clarium, Mr. Thiel served as Chairman and CEO of PayPal, Inc., an Internet company he co-founded in December 1998 and that was acquired by eBay Inc. for $1.5 billion in October 2002. Prior to launching PayPal, Mr. Thiel oversaw Thiel Capital Management LLC, the Menlo Park-based predecessor to Clarium, which started with $1 million under management in the fall of 1996. Mr. Thiel began his nancial career as a derivatives trader at CS Financial Products, after practicing securities law at Sullivan & Cromwell. In addition to managing Clarium, Mr. Thiel sits on the boards of several companies, including Facebook and Palantir Technologies, and on the Board of Overseers of the Hoover Institution. Mr. Thiel received a BA in Philosophy from Stanford University and a JD from Stanford Law School.