Trae Stephens is a co-founder and Executive Chairman of Anduril Industries, the defense-tech startup that hit $1 billion in revenue in 2024 and reached a $30.5 billion valuation in its 2025 Series G. A partner at Peter Thiel's Founders Fund since 2014, Stephens has spent his career at the intersection of national security and Silicon Valley - from Arabic computational linguistics in the US intelligence community, to early days at Palantir, to co-founding Anduril with Palmer Luckey in 2017. A devout Christian from Lebanon, Ohio, he frames building autonomous weapons as a moral imperative and became a billionaire in June 2025.
Peter Andreas Thiel (born October 11, 1967 in Frankfurt, West Germany) is one of the most consequential and controversial figures in the history of technology and venture capital. A Stanford philosophy graduate and law school alumnus, Thiel co-founded PayPal in 1998, pioneering online digital payments before selling it to eBay for $1.5 billion in 2002. He then made what became arguably the greatest angel investment in tech history — a $500,000 bet on a 19-year-old Mark Zuckerberg's Facebook in 2004 that ultimately returned over $1 billion. In 2003 he co-founded Palantir Technologies (now valued at over $400 billion), and in 2005 he launched Founders Fund, a venture capital firm managing approximately $17 billion that was among the first institutional investors in SpaceX, Palantir, Stripe, Airbnb, and Spotify. Thiel's 2014 book Zero to One became a defining text on startup theory, articulating his core belief that genuine innovation is far more valuable than incremental improvement. A self-described libertarian, Thiel surprised Silicon Valley when he endorsed Donald Trump at the 2016 Republican National Convention. He is also known for secretly funding Hulk Hogan's lawsuit that bankrupted Gawker Media after the outlet outed him as gay. Through the Thiel Fellowship, which awards $250,000 to young people who skip or defer college, he has championed entrepreneurship over credentialism — producing billionaire alumni including Ethereum's Vitalik Buterin and Figma's Dylan Field. As of December 2025, Thiel's net worth is estimated at $27.5 billion.
Auren Hoffman is a serial entrepreneur, data-industry pioneer, and hyper-connected Silicon Valley networker who turned a $60 million exit (LiveRamp to Acxiom, 2014) into a second act as a venture capitalist at Flex Capital, founder of location-data company SafeGraph, and co-founder of the invitation-only Dialog society with Peter Thiel. He publishes the Summation newsletter and podcast - reaching 41,000+ Substack subscribers - exploring non-obvious ideas at the intersection of data, technology, and business.