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."
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.
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.