PayPal cofounder and early Facebook investor Peter Thiel did a Reddit AMA today.
Questions ranged from asking whether his Thiel Fellowship has been a success (answer: yes) to who his favorite rap artist is (answer: Ben Horowitz, who is known to love rap and hip-hop music).
Some questions, however, actually were in regard to his business acumen. Reddit user papabearshoe asked, "Peter, what's the worst investment you've ever made? What lessons did you learn from it?"
"Biggest mistake ever was not to do the Series B round at Facebook," Thiel answered.
Of course, Thiel made an angel investment in Facebook of $500,000 for 10.2% of the company and a seat on the board.
But it looks like he wishes he would've invested a little bit more. "General lesson: Whenever a tech startup has a strong up round led by a top tier investor (Accel counts), it is generally still undervalued," he wrote in the AMA. "The steeper the up round, the greater the undervaluation."
See Also:
- Peter Thiel Has 48,000 Twitter Followers, But Only Sent His First Tweet Today
- Wildly Popular Messaging Apps Are Becoming Immersive Mobile Platforms In Their Own Right
- Take A Tour Through Facebook's Gorgeous Data Centers
- Mobile Apps Are Fueling Huge Growth In Time Spent On Digital Media
- Facebook Backtracks On The One Feature That Made Its 'Slingshot' App Different Than 'Snapchat'
SEE ALSO: Peter Thiel Has 48,000 Twitter Followers, But Only Sent His First Tweet Today
