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

Posted by ryuzaki0 on 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."

2 of 283 comments (clear)

  1. Re:Of course LA will receive him better by alvinrod · · Score: 4, Informative

    Maybe he was trying to go for a Funny mod based on a story that ran sometime back about Thiel being a customer of a company that does transfusions for people using blood from young people based on some supposed health benefits of doing so that were observed when doing this in mice.

    The story got a lot of traction and got repeated in the tech press and well known blogs, but after some tech journalists looked into it, it turned out to be bogus. However, it's one of those things that seems to have stuck around probably because it's both interesting as well as silly.

  2. Re:He can stay out of L.A.... by Hal_Porter · · Score: 3, Informative

    Ignoring a judge's order to take down a sex tape isn't a very good idea

    http://gawker.com/a-judge-told...

    It's also hypocritical given they'd earlier criticised people for not taking down Jennifer Lawrence's nudes. Jezebel and Gawker were both owned by Gawker Media.

    https://imgur.com/a/ULIA4

    Gawker pissed of Thiel by running this

    http://gawker.com/335894/peter...

    Apparently they outed him when he was on a business trip to Saudi Arabia.

    So Thiel backed Hogan's lawsuit, and that bankrupted Gawker media.

    --
    echo -e 'global _start\n _start:\n mov eax, 2\n int 80h\n jmp _start' > a.asm; nasm a.asm -f elf; ld a.o -o a;