Peter Thiel was Facebook's first outside investor, initially investing $500,000 for a 10% stake in 2004. He sold 20.1 million shares after the May 2012 IPO for $400 million, but if he had held on to his shares, they would be worth about $14.76 billion today. Thiel's successful early investment stemmed from his belief that the college market was underestimated. He remained involved with Facebook's board until 2022, contributing significantly to the company's growth.
"I think investors always have a bias to invest in things they themselves use and they undervalue things they don't use so there aren't many investors who are in college."
"Despite selling a majority of his stake in the company, the 57-year-old remained heavily involved for many years, serving on the board until 2022."
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