Worth noting that $1mm in the 40s and 50s is much more in 2014 dollars.
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True, I looked up the adjusted amount and it's $16m.
But it semantics, as Thiel's point was to contrast the value he created with the value he captured.
There is a contrast only if you consider that the only way to capture value is through money.
Also you may think that "Capture value" is not a priority for everybody (Not only money, but also public attention, or power).
In fact capturing value as a priority may absorb too much of your time to be useful.
EDIT: corrected a word