Peter Thiel

The ability to buy and sell products online was one of the internet’s key innovations, but how do you convince people who are not used to e-commerce to trust that their money is arriving into the right hands? There were several companies in the late 1990s working to make online buying and selling easy and secure. PayPal was the most successful among them. Co-founded by Peter Thiel, PayPal enabled people to transact simply by using their email accounts. In 2002 eBay bought PayPal for $1.5Billion.

Jessica Harris speaks with Peter Thiel about how he helped to build a leading online global payments system, from scratch.