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

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."

16 of 283 comments (clear)

  1. Why do his politics matter? by Ritz_Just_Ritz · · Score: 5, Insightful

    If you're a startup and you need funding and you've got a demonstrably astute tech investor with a deep rolodex and sacks of money to invest, why do you care who he votes for?

    I certainly wouldn't.

    This politicization of every aspect of life is way out of hand.

    1. Re:Why do his politics matter? by Actually,+I+do+RTFA · · Score: 4, Insightful

      You don't care who he votes for. You do care what his involvement in your startup will mean for PR, partnering, hiring, acquisition and other aspects of business. He was an early and public supporter of Trump and bankrolled the anti-Gawker lawsuit. Because of this, him being involved in your company may make it harder to get other people's attention that you need.

      Or not. Maybe he'll help direct attention to your start up in a way that adds something.

      But you have to accept it will have both positives and negatives.

      --
      Your ad here. Ask me how!
    2. Re:Why do his politics matter? by Anonymous Coward · · Score: 5, Insightful

      The anti-Gawker lawsuit? You mean the one concerning whether or not it is okay to publish someone's private sex tape after a judge had ordered it to be taken down? That anti-Gawker lawsuit?

      I don't know anything about the guy's politics, but that one sounds about right to me.

    3. Re:Why do his politics matter? by Solandri · · Score: 5, Insightful

      So 25 years ago when GLBT people were still seen as "queer" by the majority, you would've been OK with businesses shunning people who were overtly pro-GLBT?

      70 years ago when interracial marriages were frowned upon by the majority, you would've been OK with businesses shunning interracial couples?

      100 years ago when women didn't have the right to vote, you would've been OK with businesses shunning people who thought women should be able to vote?

      160 years ago when slavery was the norm in half the country, you would've been OK with businesses shunning anyone advocating freeing the slaves?

      See, the problem with basing acceptance on what's deemed "normal" by the masses is that "normal" changes over time. People are fickle, and tend to follow what's popular, not necessarily what's right. What's normal today won't be what's normal 25, 50, 100 years from now.

      Democracy's strength doesn't come from the majority imposing its will upon the minority. Its strength comes from allowing a wide variety of viewpoints to coexist. That allows it to find and take advantage of better ideas more quickly. Other systems of government may not even consider that idea because they've suppressed and subjugated the minority who would've brought it up for consideration. Minorities like people who were anti-slavery in the early 1800s, pro women's suffrage in the late 1800s, for racial integration in the first half of the 20th century, and opposed to discrimination against GLBT people in the second half of the 20th century.

      Democracy's strength comes from preserving that minority, even if you disagree with it. Especially if you disagree with it. If democracy hadn't protected people with those ideas when they were unpopular, those reforms never would've happened. That's why we don't discriminate against people based on how they voted (secret ballot), or their political opinions, or their religious views, or their race, or gender, or a myriad of other things which simply aren't relevant to running a business. Sure if you don't like that racist, you don't have to go camping with him. But discriminating against people in an activity which is completely orthogonal to the reason you dislike them - that is destroying the fundamental basis of democracy.

      The whole point of democracy is protecting and preserving people's right to disagree. Advocating discrimination against people who hold a different opinion than yours, for no other reason than because they hold a different opinion, makes you a bigot. What, you thought that term only applied to racists? Perhaps you should look up its definition in the dictionary. Take away the right to disagree (while still living a normal life) and you've gutted democracy.

      Tolerance doesn't mean accepting only people who hold the same beliefs you do. It means accepting and coexisting with and even defending people who hold different beliefs than you do.

      "'I disapprove of what you say, but I will defend to the death your right to say it." - Evelyn Beatrice Hall

    4. Re:Why do his politics matter? by ShanghaiBill · · Score: 4, Insightful

      Most "conservatives" today aren't really conservative by the classical definition. They are classical liberals.

      Libertarians are classical liberals. Conservatives are classical authoritarians. Classical liberals didn't build walls, start trade wars, vote for massive debt increases, and cozy up to foreign dictators.

      They've worked really hard since then to push the worst of those associations onto the right.

      They had a lot of help with that from the right.

    5. Re:Why do his politics matter? by DNS-and-BIND · · Score: 3, Interesting

      If I had to define "tolerance" it would be something like "respect and kindness toward members of an outgroup".

      The Emperor summons before him Bodhidharma and asks: "Master, I have been tolerant of innumerable gays, lesbians, bisexuals, asexuals, blacks, Hispanics, Asians, transgender people, and Jews. How many Virtue Points have I earned for my meritorious deeds?"

      Bodhidharma answers: "None at all".

      The Emperor, somewhat put out, demands to know why.

      Bodhidharma asks: "Well, what do you think of gay people?"

      The Emperor answers: "What do you think I am, some kind of homophobic bigot? Of course I have nothing against gay people!"

      And Bodhidharma answers: "Thus do you gain no merit by tolerating them!"

      -- I can tolerate anything except the outgroup

      --
      Shutting down free speech with violence isn't fighting fascism. It IS fascism!
  2. The real reason by u19925 · · 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.

  3. Re: Why not? by Anonymous Coward · · Score: 4, Insightful

    You subsidize them? Who builds your cars, grows your food, makes your clothes? Here's a hint - it's not f'ing you. Skipping over the fact that third world countries subsidize most of the developed world, in terms of actual tangible work, the "podunk" states you so despise do much more to maintain your standard of living than you think. Try heating your home or feeding your family with HTML5, AI, blockchain, or whatever it is you clowns rave about these days. Fact is most of the crap coming out of silicon valley is less than useless, distracting the rest of the world with constant noise while reducing their productivity and ability to solve problems themselves, and turning future generations' brains to mush. That's not economic value creation, it's destruction, and the world is finally starting to come around to that realization. So get off your high horse and wake up to the fact that it is you that is subsidized by actual hard working people, and their views matter as much as yours.

  4. Some bint who owns a dress shop by Hognoxious · · 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."
  5. Re:Because. by JustNiz · · Score: 4, Insightful

    Personally I wouldn't choose to live the lifestyle that working for Google etc forces on you, no matter what they paid me.

    Apart from anything else, being surrounded by the obligatory bunch of neckbearded hipster millennials who all think they're "alternative" yet all look, dress, speak, think and act exactly the same, and all march lock-step according to extreme peecee liberal brainwashing, would drive me nuts.

  6. Re:Ok? by BlueStrat · · Score: 3, Insightful

    people need to stop suppressing the beliefs of others simply because you disagree with them.

    The problem is that so many Leftists adamantly believe in an ideological/political structure that cannot hold up to logical, intellectually-honest debate or comparisons with others. If such were widely allowed in public discourse, they would not gain adherents and would lose nearly all support.

    Strat

    --
    Progressivism (aka US 'Liberalism'): Ideas so good they need a police/surveillance-state to enforce.
  7. Concise an well said by CraigCruden · · Score: 4, Insightful

    Extremely well said and concise. Bringing into how we relate to people because of their personal politics (conservative vs liberal vs progressive vs socialist) is extremely toxic. If we cannot talk or do business with people that hold differing political views - the civility of society will only continue to decline.

  8. I actually agree with the Politburo on this one by Applehu+Akbar · · Score: 3, Insightful

    Thiel would not be a good fit for Los Angeles. He should come to Arizona, where we love his politics and where he would appreciate the lower rents and cost of housing for workers. The Phoenix area is a burgeoning tech scene that has grown up around Arizona State, Intel, Honeywell, and a host of newer and smaller tech enterprises. Hardly a Silicon Valley yet, but he can help make it one.

  9. Tolerance by Kohath · · Score: 4, Insightful

    Why would there be an article like this?

    "Our venture and startup ecosystem is fairly left-leaning."

    So intolerant then. If Peter Thiel wouldn't be welcomed because he's not like you, what does that make you? I guess it has finally become obvious to everyone how intolerant and exclusionary "left-leaning" cultures are.

  10. 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.

  11. 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;