PayPal cofounder Peter Thiel became a venture capitalist and early investor in Facebook. He also cofounded CIA-backed big data startup Palantir, recently valued at around $20 billion. Thiel, the first big investor in Facebook, has sold most of his stake in the social network but still sits on the company's board. His Thiel Foundation gives a small number of young entrepreneurs $100,000 over two years to skip college and pursue their business dreams. Thiel moved to Los Angeles from San Francisco in early 2018 after calling Silicon Valley a "one-party state."