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Young Thiel Fellows Become Billionaires Amid Legal Battle

10/31/2025

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Summary

Story summary

Brendan Foody, Adarsh Hiremath, and Surya Midha, all Thiel Fellows, became the world's youngest self-made billionaires at age 22 after securing $350 million in funding, valuing Mercor at $10 billion, with each founder holding about 22%.
They pivoted to data labeling after originally seeking to connect Indian engineers with U.S. companies.
Scale AI filed a lawsuit alleging trade-secret theft.

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Story summary

Brendan Foody, Adarsh Hiremath, and Surya Midha, all Thiel Fellows, became the world's youngest self-made billionaires at age 22 after securing $350 million in funding, valuing Mercor at $10 billion, with each founder holding about 22%.
They pivoted to data labeling after originally seeking to connect Indian engineers with U.S. companies.
Scale AI filed a lawsuit alleging trade-secret theft.