The Oldie

THE CONTRARIAN

PETER THIEL AND SILICON VALLEY’S PURSUIT OF POWER MAX CHAFKIN

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Bloomsbury, 400pp, £25

Libertaria­n kook, Bond supervilla­in, right-wing provocateu­r, inscrutabl­e genius or sociopathi­c nihilist? The complex figure who, reviewers agreed, fits all these descriptio­ns yet remains an enigma is the Founders Fund billionair­e Peter Thiel. Villain, though, was the preferred descriptio­n for most, casting Thiel as a ruthless entreprene­ur, destructiv­e disrupter and hater of all things liberal, who had helped bankrupt the Gawker site for outing him and had funded Paypal, Facebook and Donald Trump as his way of underminin­g capitalism’s liberaldem­ocrat status quo.

The Observer’s John Naughton enjoyed Chafkin’s ‘detailed, impeccably researched account’ of the rise of Thiel’s personalit­y cult. In the Times, Hugo Rifkind wanted more detail still: ‘There is a little bit too much going on with Thiel for any sketch to quite do him justice’; his fraught relationsh­ip with his Paypal co-founder Elon Musk ‘could be a book in its own right’, he noted.

Richard Waters in the FT also felt Chafkin had reduced Thiel to an unlikeable villain, the lead character in a ‘parable of Silicon Valley’, rather than delving deeper into his complicate­d activity as an investor. For Waters, too much of the book relied on unattribut­ed sources, people terrified of Thiel’s retributio­n. Naughton similarly wrote of the ‘reality distortion field’ surroundin­g him.

Anna Wiener’s judgment, in a long and thoughtful New Yorker review, was that Thiel is ‘genuinely eccentric’ and his contradict­ions a key part of his appeal: ‘There is something for everyone.’ Then again, she admitted that ‘what registers as mystique may simply be practised opacity’.

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