Most Cities Would Welcome a Tech Billionaire, But Peter Thiel? (bloomberg.com)

Posted by ryuzaki0 on Saturday February 17, 2018 @10:00AM from the things-to-watch dept.

Sarah McBride, writing for Bloomberg: Tech billionaire Peter Thiel is moving to Los Angeles from San Francisco, adding another dose of legitimacy to a burgeoning startup scene in Southern California -- along with some controversy. The co-founder of PayPal and an early investor in Facebook, Thiel runs Founders Fund, one of the more-respected venture capital firms in Silicon Valley. He comes with a little baggage, though, including his staunch support for President Donald Trump, his secretive funding of the legal battle between Hulk Hogan and Gawker.com, and comments some people say have been derogatory toward women. "I'm not sure why Peter Thiel believes he'll receive a warmer reception on the L.A. tech scene than he's had in Silicon Valley," said Tracy DiNunzio, chief executive officer of Tradesy, a fashion-reselling company based in Santa Monica, California. "Our venture and startup ecosystem is fairly left-leaning."

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The real reason by u19925 · 2018-02-17 10:29 · Score: 5, Funny

The real reason why he wants to move out of Silicon Valley is that he can't afford housing in this area. All others are just excuses.
Some bint who owns a dress shop by Hognoxious · 2018-02-17 10:55 · Score: 3, Funny

"I'm not sure why Peter Thiel believes he'll receive a warmer reception on the L.A. tech scene than he's had in Silicon Valley," said Tracy DiNunzio
Who?

chief executive officer of Tradesy
What?
Yeah, I'm sure he like totally cares what she thinks.

--
Confucius say, "Find worm in apple - bad. Find half a worm - worse."